When the developer owns the agent, bank and property its takes longer but falls harder.
If you go to the morocco expat forums they say its all down 30% plus
It was easy just build something for less than europe like people do in North Africa when they build a factory.......but no straight to 200,000 euros+
One day the penny will drop but it will be inflation rather than the elite taking the hit.
Edited by Fromage Frais, 28 May 2010 - 11:34 PM.