Thursday, February 11, 2016
House Prices in Morocco
“There is little evidence of a housing bubble, as the price increase over the past 10 years appears modest relative to nominal GDP growth”, according to IMF’s report on Morocco. The report also notes that “Several prudential tools have been used to manage systemic risk. A code of ethics was adopted by banks in 2008 to tighten lending standards for real estate. In addition, an increased tax on nonprimary housing was used to discourage speculative house purchases in 2006–08. Credit growth decreased from 24.4 percent in 2008 to 10.4 percent in 2009 (…).”
Posted by at 6:32 PM
Labels: Global Housing Watch
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