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Morocco on the other hand is an emerging market built on potential and little else. Both agree that we have a good case but the first firm and now the second firm cannot be bothered to chase it up. One of my partners went to Morocco and forced payday loans longmont co a meeting with the developers and our Lawyer did not turn up (twice). He even went to court and was told that we had to sue the agent in the UK and the developers in Spain (their head office). I understand that Spanish firms have exported a lot of their unscrupulous practices to Morocco and unfortunately the Moroccan government do not know how to deal with it or are unwilling to do so.
This has been going on for some years now and the apartments were supposed to be ready at the end of last year. Guess what, the work has been halted due to the recession. In the same period our other investments in India have doubled. For me, Morocco was an expensive lesson well learnt. Any developer who is selling off plan in the current economic climate is going to be unstable. Even if they are payday loans online payday loans same day store solvent, why finish a development where a low percentage of the flats have been sold? These online payday loans same day companies are in this for the profit, and will be prepared to engage in court cases bad credit loans san antonio if they turn out cheaper than completing an unsaleable project. Despite all this, Morocco still has excellent potential. But being a property investor is more complicated than signing a contract for an off plan apartment, and then assuming Western standards, ethics and legal recourse. If guaranteed loans bad credit you want to do business in Morocco, it is necessary to have a compatriot as one can rely on and have the right contacts. I myself have gone through a lot but now I have the right people around me... 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 cash advance loan software 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 guaranteed cash loans 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.
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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 long term personal loan 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 online payday loans same day 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 online payday loans same day shop in the souk there are no set prices displayed and that you have to bargain all the time? Do you realise that to ways to borrow money online 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? Do you realise that you cant deposit dirham into your bank account until you have a moroccan residence card? Do you realise that for any minor fault the moroccan police will ask you for bribes? Do you realise that you can go to jail for giving a bank cheque from an account with insufficient funds?
Do you realise that Morocco has big problems with prostitution, peadophilia and child labour? Do you realise that the minimum wage in Morocco if you happen to be bankrupt and work is approx 1550 dirhams? Do you realise that in August the temperatures are extreme of approx 45 degrees?
Do you realise that electric bills are more expensive in touristic areas than local areas? Do you realise that even to use a public toilet you need to tip the waiter? Do san antonio payday loans you realise that speaking a foreign language will get you in trouble to buy your produce from the souks as they will inflate the prices? Do you realise that shopping for clothes or food is more expensive on average in Morocco than in England? Do you realise alot of Moroccan migrants make there lives more economical to live in Spain, France, Netherlands, Belgium and etc than in Morocco? Got a apartment due for completion in May 2010 in Bella Vista, Cabo Negro. Google Secret Morocco and you will find my website!
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I have been reading the different posts describing an investment in Morrocco as an easy and fast way to make good money whilest I still think Morocco offers great opportunities for investment I think people will have to be prepared to follow a pathway that is not as easy as it is frequently described in the forum. The open skyes policy has really been implemented and over the years there has been an increase in number of direct,low cost flights from Europe. I normally get a return flight for around 80 loans in arizona euros. Off course anyone could decide to invest in other European countries I doubt it would be cheaper and someties you would fall into the same problems I have encountered in Morocco.
I come from the south of Italy and we have seen a lot of British people coming to buy a traditional house in the countryside or in the historical centers of very characteristic small southern Italian villages. At the begining it used to be cheap, especially for those properties in need of restauration but it lasted not even a year until Italians realized that they could make good money out of it. To my experience, when it comes to corruption the only difference between Italy and Morocco is simply that bribery in Morocco is cheaper). Five years it has taken me to bring it back to its former glory, restauring old zellije, XIV century old carved wooden balconies and plaster arch which I found condamned into a wall.
I online payday loans same day did not invest in one of the hundred of thousands of new deelopments few kilometers of the coast of Spain. I know nothing about that, apart from seeing that they all look pretty much the same and seem far away from what a lot of the tourists coming to Morocco are looking for. I see more wealthy Moroccans interested in that sort of European style living than foreigners.