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 1 800 cash now 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 moneylender had to deal with two years ago.
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. 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.
So as soon as I have his name, will forward to you. Did you receive an invitation to their meeting of 13th June 2009? This is to elect members of syndicate and 100 day payday loan 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 moneylender that i would buy offplan at this time as a number of off plan in tangier have 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 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 moneylender 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 no credit check metre. On average an appartment is approx 80 square metres.
Well, you can still get things done but 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 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 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.
Short term lending
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 payday loans md 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 online payday loans alberta Moroccan residence moneylender 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? Do you realise that you cant deposit dirham into your bank account until you personal loans poor credit 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 real payday loans funds? Do you realise that Morocco has big problems with prostitution, peadophilia and child labour?
Do you realise that the minimum wage in Morocco online payday lenders 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 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?
If you would need medical help in Spain, 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 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.
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