{"id":27878,"date":"2018-03-23T10:43:40","date_gmt":"2018-03-23T10:43:40","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/"},"modified":"2020-08-11T11:31:40","modified_gmt":"2020-08-11T09:31:40","slug":"currency-floatation-to-boost-moroccos-real-estate-market","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/","title":{"rendered":"Currency floatation to boost Morocco\u2019s real estate market"},"content":"\u00a0\nAccording to JLL\u2019s Morocco 2018 report, the bank widened the official band within which the dirham may fluctuate to 5 %, with a maximum daily move of 2.5 % above or below the official rate. As part of a broader monetary reform, this move is intended to bolster the competitiveness of Morocco\u2019s economy and will potentially position the country as a regional economic hub, and the gateway to Africa.\nThe Moroccan economy is expected to record real growth of 4% in 2018, primarily driven by increased domestic consumption and public investment, highlights the report. The economy has attracted increased levels of Foreign Direct Investment (FDI) yearly since 2005 (with the exception of 2015) with real estate attracting around half of the total FDI.\nThe significant increase in FDI aligns with the Moroccan government\u2019s Vision 2020 outlining Morocco\u2019s goals of becoming one of the world\u2019s 20 leading\u00a0tourist destinations by 2020. Almost 40% of foreign investment is from the GCC region, with a significant proportion of this total being invested in the real estate sector.\n\u201cThe reforms introduced by the Moroccan government, will have a ripple effect on the real estate sector, as investors across all sectors now have the opportunity to be more flexible in their decision making,\u201d said Craig Plumb, Head of Research, JLL MENA a real estate and investment management company.\n\u201cIf the currency softens against the USD and the Euro, this will effectively make Moroccan property cheaper for investors from markets denominated in these currencies and attract further FDI into the real estate sector across Morocco and most specifically into Casablanca,\u201d he added.\nCasablanca\u2019s hospitality market is largely dependent on business travellers, and has relatively limited hotels in the luxury segment. Occupancy rates recovered in 2017 from 62% in 2016 to 66% in 2017, owing to the performance of the 4-start hotel segment catering to conferences and exhibitions across the city.\u00a0\n\u201cWith the government\u2019s vision 2020 of converting Morocco into one of the world\u2019s hottest tourist destinations by 2020, occupancy rates seem to be growing positively. We look forward to seeing strong results in the hospitality market this year as performance shows an upward trajectory,\u201d said Craig Plumb.\nBeing the gateway location between Europe and Africa, Morocco has attracted a number of major international manufacturers such as Renault Nissan investing into the key industrial areas. The government launched an industrial acceleration program in 2014, which is designed to generate half a million jobs in the industrial sector that will in turn significantly increase Morocco\u2019s GDP as well as providing further opportunities for real estate developers and investors.\nDiscover out our latest videos about the economic news in Morocco :\u00a0\n\n\u00a0\n\n","author":75,"featured_media":3526,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5761,5766,5751,5753,5767,5760,5750,5762],"location":[5525],"class_list":["post-27878","news","type-news","status-publish","has-post-thumbnail","hentry","tag-business","tag-decision-makers","tag-economic-analysis","tag-economy","tag-entrepriseslife","tag-expert-opinion","tag-mediterranean-exchanges","tag-news","tag-trending","location-morocco"],"short_url":"","have_related_news":null,"chapo":"Earlier this year, the Moroccan Central Bank (Bank Al-Maghrib) introduced the gradual floatation of the Moroccan Dirham, providing more flexibility to real estate investors and paving the way for a more buoyant real estate market in the year ahead.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/villa-marrackech.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/villa-marrackech.png 550w","sizes":"550px","alt":"Currency floatation to boost Morocco\u2019s real estate market 1","width":550,"height":360,"ratio":0.48,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/villa-marrackech-1000x478.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/villa-marrackech-1000x478.png 1170w","sizes":"1170px","alt":"Currency floatation to boost Morocco\u2019s real estate market 1","width":1170,"height":658,"ratio":0.48,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Currency floatation to boost Morocco\u2019s real estate market - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"\u00a0 According to JLL\u2019s Morocco 2018 report, the bank widened the official band within which the dirham may fluctuate to 5 %, with a maximum daily move of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Currency floatation to boost Morocco\u2019s real estate market - Ecomnews Med\" \/>\n<meta property=\"og:description\" content=\"\u00a0 According to JLL\u2019s Morocco 2018 report, the bank widened the official band within which the dirham may fluctuate to 5 %, with a maximum daily move of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecomnews Med\" \/>\n<meta property=\"article:modified_time\" content=\"2020-08-11T09:31:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/villa-marrackech.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1234\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/03\\\/23\\\/currency-floatation-to-boost-moroccos-real-estate-market\\\/\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/03\\\/23\\\/currency-floatation-to-boost-moroccos-real-estate-market\\\/\",\"name\":\"Currency floatation to boost Morocco\u2019s real estate market - Ecomnews Med\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/03\\\/23\\\/currency-floatation-to-boost-moroccos-real-estate-market\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/03\\\/23\\\/currency-floatation-to-boost-moroccos-real-estate-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/app\\\/uploads\\\/2020\\\/03\\\/villa-marrackech.png\",\"datePublished\":\"2018-03-23T10:43:40+00:00\",\"dateModified\":\"2020-08-11T09:31:40+00:00\",\"description\":\"\u00a0 According to JLL\u2019s Morocco 2018 report, the bank widened the official band within which the dirham may fluctuate to 5 %, with a maximum daily move of\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/03\\\/23\\\/currency-floatation-to-boost-moroccos-real-estate-market\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/03\\\/23\\\/currency-floatation-to-boost-moroccos-real-estate-market\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/03\\\/23\\\/currency-floatation-to-boost-moroccos-real-estate-market\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/app\\\/uploads\\\/2020\\\/03\\\/villa-marrackech.png\",\"contentUrl\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/app\\\/uploads\\\/2020\\\/03\\\/villa-marrackech.png\",\"width\":1234,\"height\":590,\"caption\":\"Currency floatation to boost Morocco\u2019s real estate market 1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/2018\\\/03\\\/23\\\/currency-floatation-to-boost-moroccos-real-estate-market\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Articles\",\"item\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Currency floatation to boost Morocco\u2019s real estate market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/\",\"name\":\"Ecomnews Med\",\"description\":\"Semua informasi ekonomis dalam waktu singkat.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#organization\",\"name\":\"Ecomnewsmed\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/app\\\/uploads\\\/2020\\\/08\\\/ecomewsMedLogoMid.png\",\"contentUrl\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/app\\\/uploads\\\/2020\\\/08\\\/ecomewsMedLogoMid.png\",\"width\":250,\"height\":250,\"caption\":\"Ecomnewsmed\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ecomnewsmed.com\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Currency floatation to boost Morocco\u2019s real estate market - Ecomnews Med","description":"\u00a0 According to JLL\u2019s Morocco 2018 report, the bank widened the official band within which the dirham may fluctuate to 5 %, with a maximum daily move of","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/","og_locale":"en_US","og_type":"article","og_title":"Currency floatation to boost Morocco\u2019s real estate market - Ecomnews Med","og_description":"\u00a0 According to JLL\u2019s Morocco 2018 report, the bank widened the official band within which the dirham may fluctuate to 5 %, with a maximum daily move of","og_url":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/","og_site_name":"Ecomnews Med","article_modified_time":"2020-08-11T09:31:40+00:00","og_image":[{"width":1234,"height":590,"url":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/villa-marrackech.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/","url":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/","name":"Currency floatation to boost Morocco\u2019s real estate market - Ecomnews Med","isPartOf":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/#primaryimage"},"image":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/villa-marrackech.png","datePublished":"2018-03-23T10:43:40+00:00","dateModified":"2020-08-11T09:31:40+00:00","description":"\u00a0 According to JLL\u2019s Morocco 2018 report, the bank widened the official band within which the dirham may fluctuate to 5 %, with a maximum daily move of","breadcrumb":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/#primaryimage","url":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/villa-marrackech.png","contentUrl":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/03\/villa-marrackech.png","width":1234,"height":590,"caption":"Currency floatation to boost Morocco\u2019s real estate market 1"},{"@type":"BreadcrumbList","@id":"https:\/\/www.ecomnewsmed.com\/en\/2018\/03\/23\/currency-floatation-to-boost-moroccos-real-estate-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/www.ecomnewsmed.com\/en\/"},{"@type":"ListItem","position":2,"name":"Articles","item":"https:\/\/www.ecomnewsmed.com\/en\/news\/"},{"@type":"ListItem","position":3,"name":"Currency floatation to boost Morocco\u2019s real estate market"}]},{"@type":"WebSite","@id":"https:\/\/www.ecomnewsmed.com\/en\/#website","url":"https:\/\/www.ecomnewsmed.com\/en\/","name":"Ecomnews Med","description":"Semua informasi ekonomis dalam waktu singkat.","publisher":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ecomnewsmed.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ecomnewsmed.com\/en\/#organization","name":"Ecomnewsmed","url":"https:\/\/www.ecomnewsmed.com\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ecomnewsmed.com\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/ecomewsMedLogoMid.png","contentUrl":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2020\/08\/ecomewsMedLogoMid.png","width":250,"height":250,"caption":"Ecomnewsmed"},"image":{"@id":"https:\/\/www.ecomnewsmed.com\/en\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/news\/27878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/users\/75"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/comments?post=27878"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/media\/3526"}],"wp:attachment":[{"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/media?parent=27878"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/tags?post=27878"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/www.ecomnewsmed.com\/en\/wp-json\/wp\/v2\/location?post=27878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}