Quote:
Originally Posted by Investy
I cant see why anyone wants to even chance these unknowns. Saidia is half built, the platignum Barcelo hotel on site almost finished, the marina 70% built, its the Kings spearhead launch project to showcase Plan Azure so why take the chance on these other 'patch of sand' potential developments?
If you want to invest in these non Plan Azure sites I would personally wait until they are built. Ive found with Saidia as with the rest of the world that no capital growth to speak of will occur during the build phase especially when you factor in resale costs which are upwards of 10%, not too mention purchase costs and Taxes. So you may as well not take the risk buying off plan - wait.
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It's only the Saidia development that has seen no capital growth over the build period and that's because it was overpriced in the first place, however sales and resales on there now aren't too bad. Nearly all of the developments in the Tangier/Tetouan area have seen growth of at least 30% in the last 18 months, so that's a good reason to buy off plan.
Investy, you have to take some of the other resorts that are not Plan Azure seriously, Al Houara and Tinja are fine examples, if you want to talk quality they will win hands down over Saidia.