Jump to content


Photo
* - - - - 1 votes

Morocco - My Next Target


  • Please log in to reply
762 replies to this topic

#31 dogbox

dogbox

    HPC Senior Veteran

  • Members
  • PipPipPipPipPip
  • 4,000 posts
  • Location:Hertfordshire
  • About Me:Dance music, nature / ecology, bushcraft, Krav Maga (hand to hand and armed combat martial art as used by special forces).

Posted 24 April 2006 - 11:02 AM

Hi dogbox

I'm with you on this one,i've got a spare 40k in about 4 weeks when my house sale goes through
and have decided its worth a punt after all even if prices do not go up and you only get 12 grand a year from it, its still comparable to the crap yields you would get over here,and would pay for itself but i'd have a lovely 4 bed villa for the winter
so i've been looking at the various agents offering this deal and am about to contact one
can you let me know who you went with?
I've decided to get the hibiscus villa,
by the way do you know what the interest rates will be on the 60%mortgages?

many thanks


Im going for Hibiscus also, as is a freind! That way the roof solarium should get sun for much of the day even in winter.

Went through a rubbish agent called Superior world wide.
Now dealing direct with developer - very helpful and accomodating.

This E/A is very very helpful and Id wished we had reserved via him info - @intracasa.com

deal with Jann (we didnt resrve via him as he wasnt available at the time). Say Mr Butler sent you.


I understand the interest rate is currently around 5.7% on a non - status mortgage. I suspect competition will cause rates to drop. .




The reason I wouldn'y buy there, is because I've never met anyone who wants to go back there.I went in 1983, and they had all year round weather then!
It's impossible to walk around as you are constantly hassled by the locals, and I mean constantly!
So that means you're staying on the complex.
Maybe Morocco will succeed in building an oasis in the desert, they managed it in Nevada, but buying this early is risky.
Of course that means the rewards will be greater if you are right, so good luck!!

However, I shan't be joining you as an investor nor as a holiday maker.


Mutt as I keep saying, this developement is a huge enclave. Most guests will remian on - site most if not all the time.

I agree buying this early is risky and sometimes I get stressed!
And God said unto Luke 'come forth and thee shall have eternal life', but Luke came fifth and won a toaster.

'My children are Christian' is like saying 'my children are Conservatives' - at least have the common decency to let the little blighters make up thier own minds

#32 dogbox

dogbox

    HPC Senior Veteran

  • Members
  • PipPipPipPipPip
  • 4,000 posts
  • Location:Hertfordshire
  • About Me:Dance music, nature / ecology, bushcraft, Krav Maga (hand to hand and armed combat martial art as used by special forces).

Posted 24 April 2006 - 11:16 AM

Freeman, sound good value.

I think Saidia however will become 'the place to be seen' in Morocco and the fact there is a limited supply of property for sale on the development will force prices very high once the place is completed.
The facilities include designer shops (Armani, Boss etc) trendy London bars (Budha Bars), 3 gold courses, Polo lawns, helipads, 2 Carrefour supermarkets, aqua parks, athletics and football stadiums, wellness centres, an 800 berth marina all low rise and very chic. So more expensive than the development you mention, but I think well wroth it.

Its difficult enough to find property on the beach within a golfcourse in Europe let alone with all the facilities the site will have and year round weather!

Watch the weather on the Atlantic coast, my research says it can be cold in winter what with the winds.
And God said unto Luke 'come forth and thee shall have eternal life', but Luke came fifth and won a toaster.

'My children are Christian' is like saying 'my children are Conservatives' - at least have the common decency to let the little blighters make up thier own minds

#33 Chris1976

Chris1976

    HPC Newbie

  • New Members
  • Pip
  • 3 posts

Posted 24 April 2006 - 05:34 PM

hi dogbox
can you pass on the contact details for the agent you mention please

#34 morocshock

morocshock

    HPC Newbie

  • New Members
  • Pip
  • 28 posts

Posted 24 April 2006 - 11:00 PM

Hi Freeman Dogbox & Mutley,

yes it is for sure 35 mins from tariffa, on of course the fast ferry you can check this with travel companies.

And freeman i think the paradise beach & golf resort will be a top investment becouse for 1 thing it will be close to future tunnel link, and tangier region prices will always go up as its close to spain only 9 miles away.

I have also now found the site for this resort i am very interested in buying on this resort as well check the link http://www.propertyb...hp?listingID=75

Freeman please let me now if you buy and who with?

Dogbox the atlantic is not colder than the med in morocco would you believe it very slight changes sometimes more windy but this will be good for golf lovers, yes it can also be hotter than the med in winter would you believe it?

Saida will be a good investment as its part of plan azur and vision 2010 but so will tangier region asilah ect larache.

Hope this helps friends[u]

#35 Jetsetter

Jetsetter

    HPC Newbie

  • New Members
  • Pip
  • 13 posts

Posted 25 April 2006 - 09:22 AM

Hey guys,

I bought an apartment on Dubai marina last year and am also immensely intrigued by Morocco.

What gives me confidence is the scale at which Emaar and Dubai holdings are getting involved in Morocco.

2 bed apartments (around 120 m2) with marina view in Dubai are now worth about close to 250k. It seems that the Moroccan prices are considerably less than this.

Im unsure whether to look at Saidia now or wait until the projects from these Dubai companies are released. Marina de cassablanca sounds very appealing.

I noticed that Le jardin fleur prices seem a bit higher than other developments in Saidia not sure why guess my research will continue.

I am also very interested in Brazil (particularly the north east coast - close to Natal and Bahia) and will be looking into this further. Morocco is obviously more accessible for Europeans but Brazil will be a major economic force in years to come and recent stats show tremendous growth in tourism and this trend is likely to continue.

Edited by Jetsetter, 25 April 2006 - 09:28 AM.


#36 HOF

HOF

    HPC Newbie

  • New Members
  • Pip
  • 13 posts

Posted 25 April 2006 - 09:49 PM

Hi Everyone

We are buying an apartment in Saidia, its one of 228 luxury apartments called Magnum and are virtually on the beach, our apartment will overlook the golf course. As someone said, to get that position in Spain/Portugal/Dubai etc it would cost a lot more.
You probably wont have heard of Magnum because i believe they are all sold out, the block on the beach has been bought (or given !) by Deportivo La Coruno footballers so that should pull the crowds !!
Our apartment will come fully furnished and costs 110,000.
I highly recommend the company we are buying through, they specialise in Morocco, we have been on an inspection trip and the site is gorgeous.

If you would like contact details of the company I will be happy to pass them on.

I am sooooo excited about Saidia, it is going to be something very special.



Hey guys,

I bought an apartment on Dubai marina last year and am also immensely intrigued by Morocco.

What gives me confidence is the scale at which Emaar and Dubai holdings are getting involved in Morocco.

2 bed apartments (around 120 m2) with marina view in Dubai are now worth about close to 250k. It seems that the Moroccan prices are considerably less than this.

Im unsure whether to look at Saidia now or wait until the projects from these Dubai companies are released. Marina de cassablanca sounds very appealing.

I noticed that Le jardin fleur prices seem a bit higher than other developments in Saidia not sure why guess my research will continue.

I am also very interested in Brazil (particularly the north east coast - close to Natal and Bahia) and will be looking into this further. Morocco is obviously more accessible for Europeans but Brazil will be a major economic force in years to come and recent stats show tremendous growth in tourism and this trend is likely to continue.



#37 derharper

derharper

    HPC Poster

  • New Members
  • PipPip
  • 37 posts
  • Location:Central Portugal
  • About Me:Property in Central Portugal

Posted 26 April 2006 - 08:59 AM

hi guys
i spent 5 weeks travelling around morocco in 2004, havent been back yet but i will, found the country to be facinating, very diverse country snow capped mountains, sahara dessert, lovely beaches lots of history. very low cost of living.
freindly people we had no problems at all and we do investigate all areas of towns and cities. once you get used to the culture,you will love it. just because it may be different to ours as respect to personal space and the way people try to sell you stuff doesnt mean its wrong.

ive also been a boat owner for many years and belive me if the marina that your talking about is as good as it sounds it will fill up very quickly. rember berths on the med can change hands for millions, some side kick of bill gates was looking for a berth for his boat aboat 4 years ago in the med,monaco i think, he ended up having to buy a 6 million pound boat off the berth owner just to get the berth he wanted!! then sold on the boat so he could get his in!!

good luck to those who invest there. i am investing in central portugal ribatejo region as i belive this to be the next big (safe) thing
A guide to living, working and buying property in Central Portugal
http://www.gekkoportugal.com
http://www.chavetejo.com

#38 dogbox

dogbox

    HPC Senior Veteran

  • Members
  • PipPipPipPipPip
  • 4,000 posts
  • Location:Hertfordshire
  • About Me:Dance music, nature / ecology, bushcraft, Krav Maga (hand to hand and armed combat martial art as used by special forces).

Posted 26 April 2006 - 10:36 AM

Hi Everyone

We are buying an apartment in Saidia, its one of 228 luxury apartments called Magnum and are virtually on the beach, our apartment will overlook the golf course. As someone said, to get that position in Spain/Portugal/Dubai etc it would cost a lot more.
You probably wont have heard of Magnum because i believe they are all sold out, the block on the beach has been bought (or given !) by Deportivo La Coruno footballers so that should pull the crowds !!
Our apartment will come fully furnished and costs 110,000.
I highly recommend the company we are buying through, they specialise in Morocco, we have been on an inspection trip and the site is gorgeous.

If you would like contact details of the company I will be happy to pass them on.

I am sooooo excited about Saidia, it is going to be something very special.


Hof someone posted on a Morrocan property forum that the Magnum properties had an awful clause attatching which restricted the number of weeks the owner could actualy use them down to 4 weeks!

Sounds far fetched to me but I thought worth mentioning.

I wont comitt to the first 20% until LeJardinDeFleur word the contract to cover all my concerns. They have verbally agreed to all my ammendments and tell me I will get a hard copy shortly.
My only real concern remaining is if the developer goes bust!

Like you I think Saidia will be incredible. I cant think of anything like this in the med, and as you say some big names are buying places. One of the worlds most upmarket bars have just signed up. Apparently its 200 just to get in the door! To think that by getting in early we are securing property in such an exclusive enclave is very exciting.
And God said unto Luke 'come forth and thee shall have eternal life', but Luke came fifth and won a toaster.

'My children are Christian' is like saying 'my children are Conservatives' - at least have the common decency to let the little blighters make up thier own minds

#39 HOF

HOF

    HPC Newbie

  • New Members
  • Pip
  • 13 posts

Posted 26 April 2006 - 05:50 PM

[quote name='dogbox' date='Apr 26 2006, 10:36 AM' post='359507']
Hof someone posted on a Morrocan property forum that the Magnum properties had an awful clause attatching which restricted the number of weeks the owner could actualy use them down to 4 weeks!

Yes I raised that with the developers and he said no problem once they have a Management Company in place i will put in writing that the apartment will be for our own personal use. As a matter of interest, which forum was that please?



Sounds far fetched to me but I thought worth mentioning.

I wont comitt to the first 20% until LeJardinDeFleur word the contract to cover all my concerns. They have verbally agreed to all my ammendments and tell me I will get a hard copy shortly.
My only real concern remaining is if the developer goes bust!

Like you I think Saidia will be incredible. I cant think of anything like this in the med, and as you say some big names are buying places. One of the worlds most upmarket bars have just signed up. Apparently its 200 just to get in the door! To think that by getting in early we are securing property in such an exclusive enclave is very exciting.

Only problem is we have to wait until this time next year to move in, can't wait !

#40 Angel

Angel

    HPC Newbie

  • New Members
  • Pip
  • 1 posts

Posted 04 May 2006 - 03:11 PM

[font=Arial][size=7]
Hi Dogbox

Im seriously interested in Le Jarin De Fleur and have been trying to contact Jann via info - @intracasa.com
but to no avail can you email me contact nos please.

many thanks

Im going for Hibiscus also, as is a freind! That way the roof solarium should get sun for much of the day even in winter.

Went through a rubbish agent called Superior world wide.
Now dealing direct with developer - very helpful and accomodating.

This E/A is very very helpful and Id wished we had reserved via him info - @intracasa.com

deal with Jann (we didnt resrve via him as he wasnt available at the time). Say Mr Butler sent you.
I understand the interest rate is currently around 5.7% on a non - status mortgage. I suspect competition will cause rates to drop. .
Mutt as I keep saying, this developement is a huge enclave. Most guests will remian on - site most if not all the time.

I agree buying this early is risky and sometimes I get stressed!



#41 dogbox

dogbox

    HPC Senior Veteran

  • Members
  • PipPipPipPipPip
  • 4,000 posts
  • Location:Hertfordshire
  • About Me:Dance music, nature / ecology, bushcraft, Krav Maga (hand to hand and armed combat martial art as used by special forces).

Posted 05 May 2006 - 10:26 AM

[font=Arial][size=7]
Hi Dogbox

Im seriously interested in Le Jarin De Fleur and have been trying to contact Jann via info - @intracasa.com
but to no avail can you email me contact nos please.

many thanks


Im astounded how many people from this and other forums are going for these same properties - spread the word, it will benefit us new owners!

Ive PMd you re contact details.
And God said unto Luke 'come forth and thee shall have eternal life', but Luke came fifth and won a toaster.

'My children are Christian' is like saying 'my children are Conservatives' - at least have the common decency to let the little blighters make up thier own minds

#42 Sold up and Renting Abroad

Sold up and Renting Abroad

    HPC Regular

  • Members
  • PipPipPip
  • 350 posts
  • About Me:My Son, Water Skiing, Digital Photography and Image Editing, Language Learning.

Posted 05 May 2006 - 01:12 PM

Can I ask a *really* stupid question ??

I mean, really, really stupid.

Has any one of you ACTUALLY been to Saidia ??

I have.

Edited by Sold up and Renting Abroad, 05 May 2006 - 01:13 PM.


#43 Jetsetter

Jetsetter

    HPC Newbie

  • New Members
  • Pip
  • 13 posts

Posted 05 May 2006 - 01:52 PM

Can I ask a *really* stupid question ??

I mean, really, really stupid.

Has any one of you ACTUALLY been to Saidia ??

I have.



And what did you think of Saidia???

#44 Sold up and Renting Abroad

Sold up and Renting Abroad

    HPC Regular

  • Members
  • PipPipPip
  • 350 posts
  • About Me:My Son, Water Skiing, Digital Photography and Image Editing, Language Learning.

Posted 05 May 2006 - 02:05 PM

And what did you think of Saidia???



To be honest with you I'd rather wait and see the answers I'm going to get from those who are about to invest 000's before I say what I think.

My question earlier on was a bit rhetorical as I believe that those who are looking to invest haven't actually visited Saidia, or possibly even Morocco maybe.

I, on the other hand, know the country intimately.......

And it absolutely amazes me that there are people willing to invest huge amounts without having ever set foot in the place and are hyping it up something chronic and I dare say foolishly/dangerously.

Edited by Sold up and Renting Abroad, 05 May 2006 - 02:06 PM.


#45 dogbox

dogbox

    HPC Senior Veteran

  • Members
  • PipPipPipPipPip
  • 4,000 posts
  • Location:Hertfordshire
  • About Me:Dance music, nature / ecology, bushcraft, Krav Maga (hand to hand and armed combat martial art as used by special forces).

Posted 06 May 2006 - 10:13 AM

To be honest with you I'd rather wait and see the answers I'm going to get from those who are about to invest 000's before I say what I think.

My question earlier on was a bit rhetorical as I believe that those who are looking to invest haven't actually visited Saidia, or possibly even Morocco maybe.

I, on the other hand, know the country intimately.......

And it absolutely amazes me that there are people willing to invest huge amounts without having ever set foot in the place and are hyping it up something chronic and I dare say foolishly/dangerously.


No investment is guaranteed, and going in early like this is a little unsettling, however as I keep pointing out 60 designer retailers and up - market hoteliers are establishing premises on the Saidia site, including Boss, Armani, Mango, Budha Bars and Barcelo group.

Why do you think they are doing this?
Also note that the head developer is Spains 'Fadesa Group'.

If I have placed a wrong bet Im in good company.

Also the Dubai 'Emaar Properties' (a key Dubai player) have broken ground in Rabat, its 4th announced Moroccan development costing 3.4bn.
Morocco is THE FIRST INTERNATIONAL venture the Dubai company is undertaking. WHY MOROCCO, afterall the whole world would welcome these key Dubai developers?
Dubai money is pouring into Morocco in a 10 year plan to skyrocket this nations tourism indusrty as set out in Plan Azur, the Kings plan.

Its all about having a vision and not getting hung - up on the present. Theactual town of Saidia is a fairly grotty place, but so what? The Saidia development is a vast self - contained resort and in time the effect will no doubt have a positive impact on the nearby town as tourism beginns.

Im sure the upmarket resorts in Spain were once little more than poor fishing villages.

Many expensive London boroughs were grotty down beaten places not so long ago where you could pick up unloved property for peanuts.

On joining this forum I tipped Estonia as a key investment target. I now see price increases have been higher than almost anywhere else in the last 12 months, yet the neg - heads at the time told me Estonia would not take - off.

Investments dont come with a 'green for buy' label, otherwise everyone would invest all at once.
And God said unto Luke 'come forth and thee shall have eternal life', but Luke came fifth and won a toaster.

'My children are Christian' is like saying 'my children are Conservatives' - at least have the common decency to let the little blighters make up thier own minds




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users