nix

This is not true at all - plenty of people have/are making good money out of Moroccan real estate - the fact is that the Brits are late to the party but the party is not over by any means - plenty of french and the moroccan themselves have made a killing out there over the past few years and i still believe there is good couple of years growth at least out there however i am talking mostly about city centre properties which have a strong local demand - Saidia et al are a whole other matter and i have said since day 1 that Saidia was massively overpriced for offplan property in an unknown area - basically LJDF and Saidia in general was one of the first developments to be strongly marketed in the UK and it seems UK investors are too lazy to get off their arses and actually go and do some research into what exactly is available elsewhere in Morocco...

you might struggle to sell at any sort of premium to be honest - altho i am not a owner at Saidia so someone else may be able to offer you a better insight i think LJDF will deliver a good product for end users but the initial prices were too high so not really suitable for flipping before completion

thanks for that - interesting to hear the developers view for once !

Did anyone at PL give you any reason for why the latest release is seemingly better value than the previous phase?

Catara: I would prefer it if you kept your racist comments to yourself and got your facts right before posting such rubbish The master developer of Saidia (Fadesa) are Spanish and the guys behind LJDF (Property Logic) are English, Estonian and Dutch so any issues people have with their previous purchases has nothing to do with Moroccans I did always feel that the LJDF product was overpriced but I am still suprised to see a later phase released at a lesser value than previous ones

what exactly are you unhappy about?

At least one of them is open about being an agent unlike the other who just happens to mention a certain agency in every post they make

i was actually very close to going for a unit at Olive Grove myself - the only thing that put me off was having to pay everything upfront - i think you should do well out of your purchase

well im in total agreement with you there! what did you buy in Marrakech? I went for a riad in a new development just outside the Medina - it was completed recently and I am now getting it decorated and furnished Most of the chat on these forums seems to be about Saidia, Tetouan, Lixus etc but in my opinion Marrakech offers the best investment case of any of these locations - however Marrakech has not been as heavily marketed in the UK as these other areas so i guess that is why it is not mentioned as much

After looking at a few different investment options in Morocco (saidia, tangiers, tetouan etc) - I decided to buy in Marrakech as i felt it was the best bet for immediate capital growth plus great potential for renting out as it is the most established tourist destination in Morocco The best new apartment development in Marrakech is supposed to be Marrakech Plaza in Gueliz - the flats are not cheap (the property i went for was significantly cheaper) but the location is right in the centre of the 'new' town - I can tell you that they were offering flats at 15,000MAD/sqm when i first went out there last year and the same flats are now selling at 20,000MAD/sqm - i believe i have seen similar capital growth on the property i purchased I met various agents but to be honest there isnt any that i would particularly recommend over any other - if you head down the main Boulevard Mohammed V you will pass many agencies

Well I have already agreed to go 50/50 with a friend of mine if we decide to go for this so Im afraid you are on your own for this one! He was due to visit the development but this has not happened yet - to be honest im leaving more of the research to him on Ukraine as I have never been there and he knows a few people out there already

Well in the end it was a difficult decision not to buy anything as I did feel that prices in Berlin were very low when compares to other European cities but then there are reasons for this The main issue was to do with tennancy agreements in Germany which i found difficult to get my head round since I am used to the typical 12 month AST arrangement we have in UK - it seemed that tennants had the right to stay as long as they wanted and that there were fixed limits on how much any rent could be increased Plus i went to Berlin as people had been telling me about 10%+ yields but when i got there it seemed 6/7% was more realistic as the market had already risen a fair bit due to huge funds buying whole blocks or even streets of flats Of course it is possible that these issues may change in Germany and become more like the 'investor-friendly' systems we have in UK - and then for sure the market will see significant capital growth I ended up putting some money in a germany property fund instead as it gave me access to the market without the hassle Are you looking to buy in Berlin primarily for yield or capital growth?

I also visited Berlin and looked at some opportunities through Berlin Capital - i didnt buy anything in the end but that was more to do with certain aspects of property investment in Germany in general rather than any negative issues with Berlin Captial - in fact I found them to be very professional and thorough in their research I didnt know about the Fund they were offering and will take a look

2positive Thanks for the info - interesting to hear the 'local' perspective I had noticed the massive rise of prices in Kiev and thought that this increase in property prices could spread to other areas in Ukraine like Slavsk - I am still looking into the opportunity but it is not top of my list at the moment

Dogbox Are you talking about taking a punt on the Ukrainian or Finland ski development? At the moment im more interested in the Ukrainian option