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The crimes in Morocco involve Drugs, robberies, deception which is alot more common, and etc. However there is alot of safety for 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 online installment loans texas 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. Indeed UK there have been alot of repossesions because credit was too cheap however there has been a softer attitude from the UK banks to deal with unpaid mortgage payments.
The chancellor of england deliberately cut the insterest rates to 0. Hence this attracts savers to spend money and invest in shares or stocks and help tackle the credit crunch. I think that finance in UK, consumer protection and the official statistic are alot more transparent and straight forward than developing countries. 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 no credit check payday loans direct lenders only 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.
You only have to look at other hotspots, UAE, Brazil, and India. However the bottom line is if you can make a profitable long term investment in those countries and be installment loans poor credit assured that we are not going to get ripped off in the process. 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 a meeting with the developers and our Lawyer did not turn up (twice).
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Guess what, the work has been halted due to the recession. In the same period our other investments in secured personal loans for bad credit India have doubled.
For me, Morocco was online installment loans texas 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 solvent, why finish a development where a low percentage of the flats have been sold?
These companies are in this for the profit, and will be prepared to engage in court cases 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 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 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 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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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 have a moroccan residence qwik cash loans 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 you realise that speaking a foreign language will get you in trouble to buy your produce from the souks as they will bad credit loans no brokers 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 need a loan today Negro. Google Secret Morocco and you will find my website! Just enquiring how off plan property in Tetouan is panning out. With the build of a link to connect to Spain, Tetouan was said to be a potential hot bed for investing in Morocco. With moroccan living, we can install a furniture package within the month at the lowest price on the market. Moroccan government has signed Open Skies agreement with EU to allow European airlines to operate at Moroccan airports without restrictions.
Year round sunshine - Hot summers, mild winters, an ideal winter sun destination.
In brief the resort will have 9 major hotels, 3 golf courses, 840 berth marina, huge commercial centre, water park, sporting facilities. Moroccan government has signed Open Skies agreement with EU to allow European airlines to operate at Moroccan airports without restrictions. Year round sunshine - Hot summers, mild winters, an ideal winter sun destination. In brief the resort will have 9 major hotels, 3 golf courses, 840 berth marina, huge commercial centre, water park, sporting facilities.
I would like to understand how the legislation surrounding guest online installment loans texas online installment loans texas houses in Marrakech works. I have heard a number of things surrounding 3 and 5 bedroom riads which leads me to believe that nothing under 5 bedrooms can be classed as a guest house and that this legislation came into play recently. As my husband and I are considering buying a riad to renovate in the mdina and then running it as a guest house to cover costs we would like to stay on the right side of the law.
We dont want to make a mistake and buy something costly which we cannot recoup any rental from, in which case we will stick to looking for something of a smaller size for family and friends but again we are unclear if we are outside of the law if we take rental from this on a regular basis. If anyone can untangle this one I would be grateful is it is holding up our decision making process until we understand this better.
Moroccan government has signed Open Skies agreement with EU to allow European airlines to operate at Moroccan airports without restrictions. Year round online installment loans texas sunshine - Hot summers, mild winters, an ideal winter sun destination.
I rather put that money towards buying, in England, Spain, South of Italy, Portugal. Atleast things dont work around the whim of the King. Ok thanks for the advice it online installment loans texas is useful to have an update on the postion in Morocco and how things have worked out over there In comparaison with other Northern African Countries (like Egypt),Morocco has a well regulated buying process and has several tax advantages such as no income taxes for the first three years from completion if you are purchasing off-plan. There are also tax advantages for new businesses, retirees. It is correct that there are no tax exoneration for the council taxes (unless it is your permanent home) but they are not expensive in comparaison to the UK or Europe. 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 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.
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