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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 how can i borrow money you 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 instant payday loans online direct lenders are still waiting to get paid in full! In my opinion Morocco is NOT a place for UK buyers to invest in property. They are too used to everything i need a loan for vacation being done in the UK on the straight and narrow, when involved in matters of property transactions. They see a foreigner over there and the only thing on their mind is rich pickings. In fact - after 30 years of spending a fair bit of time over there I realy do think things are getting worse - not better - as a few years ago the bribes they were asking for were a pittance, but now they have got really greedy. I personally know a Moroccan lady who is still trying to get a tenant out of her apartment after THREE years of unpaid rent. She is Moroccan (the owner) It is a minefield and you just cannot trust anyone to handle your letting for you while you are abroad. I have been in Morocco in and out for 3 Years and can understand how rife the corruption is in the government departments. 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 poor poor credit loans 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 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?
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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 payday loans in new orleans you forget that cost of living in London is one of the highest in the world?? Did you forget how many repossesions of 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?? And I think most of all you forgot that Morocco is developing North African country.
At least in Morocco foreigners are respected and not discriminated against. Yes there are some problems within society - selfishness, greed and materialism, but also there is kindness, hospitality and willingness to change. I think you just pointed out some negative sides of Morocco, which a lot of them are not true. Weather in Morocco varies greatly- from 40 degrees in August in Marrakech to 20 degrees in August in Ifrane or Essaouira.
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 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?? And I think most of all you forgot that Morocco is developing North African country. At least in Morocco foreigners are respected and not discriminated against.
Yes there are some problems within society cash time loans - selfishness, greed and materialism, but also there is kindness, hospitality and willingness to change.
I think Morocco is loosing its authencity or culture to foreign investment. It is a country known for kindness, hospitality and willingness to change. I am looking at your comparisons and please keep it between Morocco to england or Morocco to spain. Ok as you are aware your medical bills are paid by the National Insurance contributions to the National health service hence you get a very good medical treatment in the event of accident, sickness, or health problems. We certainly get our value for money at the National health service and the hospitality is just Excellent! Although I am an immigrant in England but I have reason to believe that crime in England is alot between the uneconomical migrants and the uneconomical british.
The politicians have a solution but they know its problems in crime that gives their political activities alot of interest.
The crimes in Morocco involve Drugs, robberies, deception which is alot more common, and etc. However there is alot of safety for how can i borrow money foreigners in marrakech, Agadir, Essouria and all touristic places.
The Surrette Nationale and especially the Gaundermere are very feared off by the locals. Infact the safety I have felt in Marrakech walking near Sofitel, Avenue Mohammed 5, Avenue Mohammed 6 is the best I must say.
There are guards everywhere monitoring the safety of tourism. Yes Fruit and vegetables and sugar will be cheap in Morocco. But other processed food, toilleteries, utensils, consumer electrics will be expensive from major stores as Marjane or Acima. The official statistics of repossesions in Morocco are not really talked off and neither produced by the Ministry of Finance ( I just dont understand why? But I understand they have had repossesions because foreigners are unable to pay the mortgages for the buy to let properties.
Although we have no or little manufacturing industry in UK but we have two main sources of revenue and they are the London Stock Exchange and the North Sea Oil. The North Sea Oil money contributes towards the social securty benefits ( and also taxes). However if you look at Morocco, Morocco has tourism, phosphate, and fisheries for exportation. Why is the revenue from its phosphate industry not used on social projects or to tackle poverty? Well there is some discrimination but it is hidden in Morocco. I am sure if you show your pocket in UK everywhere then virtually you will see no discrimination!!! In my conclusion Morocco is a developing country and has to keep a balance between tourism and its culture. Morocco has its unique taste and that is the authentic culture, its food, ceremonies and language!
I like that because I find that entertaining and not the clubs, the casinos, the mcdonalds, the KFC and the western clothing.
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.