What are cash advances
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 Morocco and what are cash advances 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 no telecheck payday loans direct lenders dirhams a square metre. On average an appartment is approx 80 square metres. Well, you can still online loans no credit check instant approval 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 best payday loan for bad credit and narrow, when involved in matters of property transactions. They see payday online loans 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 what are cash advances to handle your letting for you while you are abroad. I have been in Morocco in and out for private lenders personal loans 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.
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? 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 card?
Do you realise that for any minor fault the moroccan police will ask you for bribes? Do you realise that you can what are cash advances 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 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?
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.
Yes there are some problems within society - selfishness, greed and materialism, but also there is kindness, hospitality and willingness to change. I personal loans low interest think you just pointed out some negative sides of Morocco, which a lot of them are not what are cash advances true. Weather in Morocco varies greatly- from 40 degrees in August in Marrakech to 20 degrees in what are cash advances August in Ifrane or Essaouira. If you have a property to rent - the 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, 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, what are cash advances 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 cash loan lenders kindness, hospitality and willingness to change.
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.
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