Kal

Quote From Wendy We are currently renting a house in Hoofddorp netherlands but have been thinking about buying. Does anyone know how the housing market here has been affected by the credit crunch? Have house prices dropped here at all? Is it worth holding out for 6 months? We are thinking about buying in Hoofddorp or ALMRE in particular. Any info would be greatly received K.

You will be really crazy if you use lawyer to buy a Moroccan property. Find well know notaire for only £200-£400. Although you do not legally require a solicitor in order to buy a Moroccan property, it is highly reccommended, as the notaire will not provide you with independent legal advice. You should also have all three contracts translated into English by a proFezsional firm, therefore ensuring that both you and your lawyer are fully aware of what you are signing. It is also advisable to inspect your new home before you sign the final contract, just to double check that it is still in the same state as when you agreed to the sale. Properties without the correct title deeds are commonplace in Morocco but, despite what you might hear, it is imperative that you do not purchase a property without the correct documentation. If you are not in possession of the title deeds, you do not officially own the property – regardless of how much you paid. See this when Buying a Home in Morocco .. http://www.buyassociation.co.uk/property/t...in-morocco.html

I also spoke to Phil Morris the solicitor at Tanjah Beach to discuss my concerns about not having the option of appointing an independent solicitor (see separate thread - http://www.housepricecrash.co.uk/forum/ind...showtopic=45492 ) You will be really crazy if you use lawyer to buy a Moroccan property. Find well know notaire for only £200-£400. Although you do not legally require a solicitor in order to buy a Moroccan property, it is highly reccommended, as the notaire will not provide you with independent legal advice. You should also have all three contracts translated into English by a proFezsional firm, therefore ensuring that both you and your lawyer are fully aware of what you are signing. It is also advisable to inspect your new home before you sign the final contract, just to double check that it is still in the same state as when you agreed to the sale. Properties without the correct title deeds are commonplace in Morocco but, despite what you might hear, it is imperative that you do not purchase a property without the correct documentation. If you are not in possession of the title deeds, you do not officially own the property – regardless of how much you paid. See this when Buying a Home in Morocco .. http://www.buyassociation.co.uk/property/t...in-morocco.html We did see a big problems in Marrarech after 9/11. Poeple lost thier home and jobs. Today news is Two bombers attack U.S. targets in Morocco, http://www.alertnet.org/thenews/newsdesk/L14524951.htm or http://news.bbc.co.uk/1/hi/world/middle_east/6555177.stm

I really don’t know too much about the north of Morocco, we just there the summer like every Moroccan. Four years, I bought a flat in city of Casablanca; the price went down as usual like every used apartment. It seems to me that beach place is made for tourists or money laundry from the drugs, and Moroccans can afford a vacation for even £1,000 per month in summer season. Most of the French are buying Riads to be used for B&B like http://www.riadmimouna.com/En/index2.htm it is an excellent Investment but you have to work hard. >>I do not think expat owners selling on are subject to this rate of tax so this issue >>does not apply. I never heard about special deal for expat or Moroccans holding European citizenship. you have to do a special procedure to get your money out the country. see this link for a good deal tfrom London Gatwick to Marrakech starting at £125.96 R/T .. http://www.atlas-blue.com/ The market of Marrakech is overpricing because of the corruption of ERAC. You cannot even buy new 2010 building or villa. They are all reserve for the big managers and middleman, and you have to pay them £20K-£30 to switch your name on the list. Big Market of corruption.. Good Luck..

The price of apartment in morocco is sold by square meter with full price for flat and half price for the terrace. Square meter is about 5000 DH to 10000DH ( £330-£660) or Max to 12000DH (£800 ).. The apartmet in Morocco never never go up in price expect in Marrakech because they were very sheap in the past . For example, the most expensise apartments are located in casablanca with the price of 1000DH per square meter in Al Marrif or Anfa, 7000DH in 2 Mars, and 45000 Dh so called near to PUBLIC AREA ( SHAABI) . When you are ready to buy, you may have to pay 20% under table ( The owner is trying to avoid paying tax , it is commun in morocco). It is illegal to take the money of the country. Check the local newspaper for price of the appartement and remember that used flats should be sheaper than the new ones. http://www.menara.ma/annonces/Immobilier/index.asp kal..