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Full Version: Will There Be Over Supply In Northern Morocco?
House Price Crash forum > Investment > Overseas property investment
boomorbust?
The more I research into up and coming developments in Morocco, the more I worry about the amount of supply that is due to come on line over the next three years.

Does anyone else share my concerns? The amount of development due on the Atlantic coast seems to be vast.

Does anyone know what the Moroccan government is planning on doing to market Northern Morocco as a tourist destination? I think it would be a massive failure of plan azur if thousands if not millions of properties were left with poor occupancy. I think there needs to be a marketing push on the same scale as the planned developments.

Does anyone have any insight into the marketing that is planned for Northern morocco?
fws
[I don't have an insight into this, but all the hotels will have huge advertising budgets and will get themselves into all the package companies. That alone will generate interest and knowledge. I presume all the rental companies will do likewise with the apartments and villas they operate and the power of the internet is hige!
HobieKitten
Hi Boom/Bust, I think the government and king are doing an incredible job up to this point to lure in huge amounts of inward investment and development from some big players. The supply of hotel rooms and rentable accommodation is woefully lacking considering last year's tourist visit numbers (circa 6 Million). They hope to increase the number to 10M within the next 3-4 years and RyanAir & EasyJet will be bringing them in from all over Europe. Oversupply? I don't think so.

Emaar's devs, the 6 big d'Azure Plan sites and assorted other high profile resorts are all geared toward the tourism boom that's been steadily gaining steam for the last 10 years; originally started in Marrakesh and now spreading everywhere....even Fes is now a city break location! I'm a beliver...slam me if you feel you must.
mocorro
Supply and demand are always playing a cat and mouse game. They go in waves in parallel. The market is self-adjusting in that equilibrium will be met at some point but only for awhile till the next imbalance kicks in. In boom markets, supply comes up to meet demand but will almost always overshoot demand. When that happens, prices stagnate and construction ceases. Until the next wave of demand ushers in the next cycle.
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