Sotheby's International Realty is expanding to Morocco.
It's the brand's first office in Northern Africa, a news release said.
"Morocco offers a stable and inviting environment for global investors," Philip White, president and CEO, Sotheby's International Realty, said in a statement. "The country attracts interest from Americans, Middle Easterners, and investors due to its proximity to Western Europe, and Marrakech is a promising international city with a growing high-end segment. I am encouraged by our continued expansion and greatly look forward to supporting the Morocco Sotheby's International Realty team."
The Morocco office is located in Marrakech and owned by David Chicard, who has 15 years experience with the company. He also owns three Sotheby's offices in Belgium.
There are also plans to expand to Essaouira, Tangier and Rabat, the news release said.
"Morocco has something for every buyer," Chicard said in a statement. "The region offers a cost-effective alternative to Europe and possesses a variety of highly coveted properties that suit buyer interests including villas for those looking to align their living situations with golf, and riads located in the historic heart of the city. My industry experience and our affiliation with Sotheby's International Realty further enables us to grow our business in the country, and on a global scale, while catering to the needs of our buyers and sellers."
Sotheby's International Realty has more than 24,000 affiliates in 75 countries and territories across the world, the news release said.
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