View Single Post
  #9  
Old 28-02-2008, 02:05 PM
The Soup Dragon The Soup Dragon is offline
Senior Member
 
Join Date: Dec 2006
Posts: 144
Default

PyramidJames. This might seem cheeky, but are you sure your friend was in Morocco and not Egypt? Several friends have been to Egypt and made that sort of remark (not leaving complex without guard), but I don’t know anyone that has been to Morocco and said the same. (Been there twice, travelling under my own steam and never felt in anyway threatened. Not even when pulled over by police – a regular occurrence if you drive there.)

Morocco has its problems and stability / perception of stability is one of them. There is an Islamic element and the fear many potential investors have is that it will come to the fore (with impact that could have on prices.) Many of us on the forum have assessed in detail where we think Morocco sits on the risk versus reward curve. Investy and I are among those having done so and subsequently taken the step of investing there. Rentals will vary. Given you don’t intend to use the property I’d say you were better getting somewhere in Marrakesh or one of the other cities where year round rentals can be achieved. Property Developer mentioned funds. One fund/loan to a developer that might of interest if Morocco is on your radar is provided by Midas PLC. Think 75% returns are available over 2 years with land being used as security for part of your investment. You can approach them directly or talk to Goldberg Global from this forum (they act as an agent for Midas.)
Reply With Quote