Rabat – Morocco is among the top 20 affordable countries to buy luxury real estate in the emerging markets, according to a new ranking released by global real estate platform Lamudi.
According to Lamudi’s data, purchasing luxury real estate in Morocco costs an average $1292.24 per square meter, ranking 12th out of 20 affordable countries for luxury real estate.
The luxury real estate Lamudi’s top 20 is based on average prices per square meter from the sales price of listings on the Lamudi website.
To determine the best locations to invest in affordable luxury real estate, Lamudi takes into account affordability as well as the available supply of luxury real estate in each country.
Ethiopia has been named the most affordable location for luxury real estate where the price per square meter for luxury property is ($447.87), on average.
It is followed by Ivory Coast in second place ($482.96 per square meter), Tanzania ($548.89) and Mexico ($763.03). Colombia rounded off the top five, with high-end real estate priced at $854.87per square meter.
Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 34 countries in Asia, the Middle East, Africa and Latin America, with more than 900,000 real estate listings across its global network.
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