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It is due for completion end of October this year but I would like to sell it now. I am offereing it at the same price I bought it for 2 years ago, so it is a good deal for someone who wants to invest. I am selling for personal reasons, not because I dont believe in the project, I actually think the project is great and there are only 73 apartments in the whole complex, but I dont have a choice. I have the penthouse apartment facing the sea with two bedrooms and two bathrooms. The project is due for completion in October this year. If you look up Atlantic Magna there is a link to see a video of the apartments, how they are built and finishings etc. I am selling for personal reasons, not because I dont believe in the project, I actually think the project is great and there are only 73 apartments in the whole complex, but I dont have a choice. I have the penthouse apartment facing the sea with two bedrooms and two bathrooms.
The project is due for completion in October this year. If you look up Atlantic Magna there is a link to see a video of the apartments, how they are built and finishings etc. Does anyone know of any good developments along this coastline? Does anyone know of any good developments along this coastline? If i was you, i think it would be best to hold on to your money. I dont think that i would buy offplan at this time as a number of off plan in tangier have come to a holt. There is not much speculation in the economic cities and the economy is growing fast, so prices might be up for a fairly long time. Now there are brokers in Morocco and the interest rates are way below what they used to be. They also went in person with me for the signing at the bank.
They have a mortgage simulation tool that I fancy a lot though (check out on their website : cafpi maroc) As far as real estate agents, there are as well a lot of international real estate agents on site now, and I do like better this than what I had to deal with two years ago. Hi cash america payday advance i live in tangier i have just seen your email so i am asking did you get the Solicitor that you are looking for i use one he is good he speaks english and he can cash america payday advance give you advice.
Hi i live in tangier i have just seen your email so i am asking did you get the Solicitor that you are looking for i use one he is good he speaks english and he can give you advice. I am about to get a new lawyer, so will forward details after next weekend when I have them too.
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Did you receive an invitation to their meeting of 13th June 2009? This is to elect members of syndicate and discuss annual service charges etc... I have been told so far that a re-mortgage is not possible at the moment in Morocco, is this fact.
Also you can not loan money from a Moroccan Bank and send the funds outside Morocco. If i was you, i think it would be best to hold on to your money. I dont think that i would buy offplan at this time as a number of off plan in tangier have car repair loan nefcu come to a holt. Buyers please be patient or keep hold of your savings until the slump is over. Initially, yes, very silly - for a mostly unproven tourist destination, at prices that only Europeans can afford and lets face it in a country that doesnt even have the infrastructure for tourism yet.
Secondly, this is the entry price, prices in other emerging markets have risen to these levels gradually after several years, alongside the local populations wealth.
But, then on more thought, why shouldnt supposedly quite luxurious and well planned tourist accomodation in (almost! Its the effect of globalisation, a 2 bed appartment on the beach catering for European tourists costs pretty much the same everywhere. Bring into account the uber-rich Arabs and then even Saidia and Al Houara at up 3 times this price could be realistic. On balance though, I do think as these are mostly tourist developments (not first payday loans residential) and there are few tourists at present, paying such an inflated prices and hoping for anything other than a longterm profit is a bit ambitious. Yes I understand there are silly prices in Morocco and the country does not really have the tourist, transport, communication and the national health infrastructure. As I understand you can find a decent appartment in Gueliz, Marrakech for 11,000 to 12,000 dirhams a square metre. On average an appartment is approx 80 square metres.
Well, you can still get things done but you installment payday loans no credit check will wait forever - and they know damn well you are pushed for time so sit around with your dossier on the desk and do nothing. This is a fact - and it is high time prospective purchasers were given all of the relevant information before making the decision to purchase. Our sale completed in March 2008 and we are still waiting to get paid in full!
Finally I managed to make a mutual agreement for the tenant to vacate. As I understand in Morocco is that if you dont make the right tenancy agreement then you have to pay the tenant all the rent back to vacate from your property by the Moroccan Law. Most people prefer to rent appartments through estate agents. The problem with the people there is that they like to capitalise on every opportunity they can have on a foreign investor. In morocco there is no regard for society and every one there is for themselves. For example when people board the bus in Morocco, everyone tries to push through the que. Why do they do that when everyone will eventually board the bus.
Finally the moroccan dirham currency is not recognised outside Morocco. There are control restrictions and taxation to convert the currency for exportation. As an investor do you realise that the hospital and medical bills are expensive (I once paid 2000 dirhams in a clinic to have xrays and injection to kill the pain)? Do you realise the Moroccan mobile meditel and Maroc telecom is more expensive in tariff than England? Do you realise you have to pay garbage tax on your property? Do you realise cash america payday advance you cant buy a car in Morocco until you have a Moroccan residence card? Do you realise that when you go to shop in the souk there are no set prices displayed and that you have to bargain all the time?
Do you realise that to marry a moroccan you need to make a dosier of approx 13 documents of yourself plus your fiancee, and you need to seek approval from the judge for marriage?
If you have a property to rent - the cash america payday advance obvious choice is to do it through a respectable agency, renewing contract yearly. As for medical expences, they are no different, than say in Spain.
If you would need medical help in Spain, payday loans lethbridge unless you have insurance, you would pay a hefty price for any help. Did you forget British Gas ripping you off every winter for keeping you warm?
Did you forget robberies, gun crime, knife attacks in broad daylight???
Did you forget that cost of living in London is one of the highest in the world?? Did you forget how many repossesions of 1 hour payday loans no credit check homes left families homeless?? Did you forget about goverment actually warning people about shortages of money for pensions and planning to extend retirement age to 67??