Morocco is a lovely destination (I can just about make out the coastline as I look out of my window), I love the food (lamb and cous-cous mmm) and some of the developments being built there are very impressive, standing on the shores of Saïda you can imagine what it's going to look like in a few years.
However I think many people still aren't able to understand or adapt to the cultural differences. Brazil is closer to Europe in that respect. At least that's the impression I have having visited both countries. Traditions, habits, customs, cuisine, dress sense, etc, etc, etc
The other issue are the legal complications. What is Residence Touristique? Is it freehold, leasehold, restricted ownership and usage or just a nice fancy french name which means a residence for tourists? Ask ten different lawyers and you'll get twelve different answers.
Now don't get me wrong, I'm not a Morocco specialist by any means but I did some research 6-4 months ago and the initial feedback was so confusing that even working in property, Morocco seemed a huge challenge to get right.
Also, while property prices in Morocco are lower than (for example) Spain, they are still significantly higher than the opportunities to be found in Brazil.
Also if you compare the effects of the economic challenges of the US and their impact on both countries, it would appear that Morocco was affected significantly more than Brazil.
Statistically speaking,
Brazil showed a much higher Equity Index in 2003 and 2004 then Morocco took the lead in 2005 and 2006. Both countries dipped in 2007 but whereas Brazil dropped from 40 pts to 12, and was still showing gains in the second and third quarter 07 when the US subprime crisis was unfolding, Morocco dropped from 48 to -.03 and already in the second quarter 07 it was -1.4.
Source: Global Economic Stability Report of April 2008 - IMF
__________________
Yes, I work in Real Estate!
Have a nice day 
|