Performance across Casablanca’s real estate market remained relatively stable throughout 2018 with the announcement of new projects also enhancing investor’s sentiment across all sectors outlines Jill.
Oxford Economics predicts Morocco’s real GDP will increase by 3.3% in 2019 owing to the expansion of the industrial sector, increased tourism and higher levels of capital spending.
The retail sector continues to transform in relation to evolving Consumer preferences. Retail developers are now responding to the change in demand by offering integrated retail parks housing, additional leisure and entertainment facilities. Performance across the retail sector remained stable over 2018, paving the way for increased mall-based retail space entering the market, giving tenants a diversified choice in the future.
Casablanca’s industrial sector continues to attract operators in the real estate sector due to its well established road network, port and air infrastructure.