Quote:
Originally Posted by cpreston
Has anyone investigated the Salama Valley 2 development outside Marrakech (previously known as Gardens of Fedala 2). I am a bit confused by the number of similarly named and structured deals around. The price I am being offered seems too good to be true (Euro 94k for 120m2 2 bed property) ... with the only justification being that a previous development in the Atlas Mountains I had commited to fell through.
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I have also been offered a transfer to the Salama Valey 2 project following the failure of the Olive Grove project. I visited the site in the autumn last year and spent time with a representative of the French developer. I was assured that all legal documentation regarding land ownership, permission to build etc were completed and that building would commence in the first week of December 2007. Still no work has commenced and recent communication suggests that not all the legal documentation is in place.
The site is a good 20 - 25 minute drive from Marrakech, it is quite isolated - that may be a good point - there was no evidence of any other developments within view of the site.
My main concern is the continued delays and distance from Marrakech. Has anyone else signed for this project and/or visited the site?