Tetouan Or Saidia

[redangel7861]

I have looked at Saidia and am travelling soon to look at locations in Tetouan.

People have different arguments for and against investing in both and some prefer one to the other. Both are situated on the Medeteranian coast and both have good investment potential. I was just wondering what the views of this forum were. Your opinions would be much appreciated.

[propertyborders]

They are both very good locations it depends what your reasons are for buying ,Tetouan is closer to Tangier & Ceuta i,e closer to Spain.

Saidia on the otheir hand is a plan azur goverment backed safe investment.

[propertyborders]

They are both very good locations it depends what your reasons are for buying Tetouan is closer to Tangier & Ceuta i,e closer to Spain.

Saidia on the other hand plan azur a government backed safe investment.

[redangel7861]

I have a 5 to 7 year investment plan. I feel that Tetouan is being over developed (leading to saturation) and that there seems to be no logic or planning behind the developments. A lot of the builds seem to be of a lower quality of those offered in Saidia and there are no build restrictions in Tetouan. Saidia has better quality and a lot more thought and organisation behind the development. If Saidia takes off then this will have an adverse effect on Tetouan in my opinion. The life cycle and investment time frame in Tetouan is coming to an end (maybe 2-3 years max). In Saidia we are approximately 2 years from completion and we could have upto 5-8 years of solid returns in Saidia. With the Govt backing if Saidia realy takes off then it could become one of the biggest and most popular resorts in the world.
Saidia also has a 15 year build restriction, so over saturation of the resort is very unlikely.

Other opinions are welcome.

[Investy]

Red you pretty much echo my rationale for chosing Saidia.

There are few developments anywhere that offer the end user experience Saidia will. The marina alone is supposed to be the biggest in the Med. Onsite large medical facility staffed by international Doctors.
Sports and leisure complexes are many here which really is different to most developments. Couple that with a 500 shop centre which has many brands planned, plus cinemas, amphitheatres, many restaurants and bars around the marina, carrefour supermarkets, 3 golf courses and so on.

I'm sure that this will become a magnate with few if any competitors in the Med and as you say once it's built, that's it, they will not likely extend it and anything built nearby would almost certainly not be able to compete on scale of leisure attraction encompassed
.
Having a commodity that's in short supply is what investment is all about. People will go out of thier way to own property / holiday here once the place opens fully.

It seems that some investors just fail to recognise the key difference between Saidia and other largish developments. Praise Del Raise in Portugal is currently marketing property and one of the key selling points is that there is ONE hotel onsite. Another in Spain makes much of 3 hotels onsite. Saidia should have 11 which is an indication of just how different this project is.
Thats 11 hotels providing free year round marketing for property owners!

[Jesus of nazareth]

Originally Posted by Investy

Red you pretty much echo my rationale for chosing Saidia.

There are few developments anywhere that offer the end user experience Saidia will. The marina alone is supposed to be the biggest in the Med. Onsite large medical facility staffed by international Doctors.
Sports and leisure complexes are many here which really is different to most developments. Couple that with a 500 shop centre which has many brands planned, plus cinemas, amphitheatres, many restaurants and bars around the marina, carrefour supermarkets, 3 golf courses and so on.

I'm sure that this will become a magnate with few if any competitors in the Med and as you say once it's built, that's it, they will not likely extend it and anything built nearby would almost certainly not be able to compete on scale of leisure attraction encompassed
.
Having a commodity that's in short supply is what investment is all about. People will go out of thier way to own property / holiday here once the place opens fully.

It seems that some investors just fail to recognise the key difference between Saidia and other largish developments. Praise Del Raise in Portugal is currently marketing property and one of the key selling points is that there is ONE hotel onsite. Another in Spain makes much of 3 hotels onsite. Saidia should have 11 which is an indication of just how different this project is.
Thats 11 hotels providing free year round marketing for property owners!

ramp ramp ramp.

Many are to sell their Saidia investment before they have to complete and for little more than they signed up for two years ago.


Short supply. Are you having a laugh.




Nurse, fetch the screens I am going to piss myself!!!!!!!!!!!!!!!!

[nolu]

Originally Posted by redangel7861

I have looked at Saidia and am travelling soon to look at locations in Tetouan.

People have different arguments for and against investing in both and some prefer one to the other. Both are situated on the Medeteranian coast and both have good investment potential. I was just wondering what the views of this forum were. Your opinions would be much appreciated.

I have been investing in property both at home and abroad for the last 30 years. I am buying several properties in Saidia for the following reasons:

I visited the following areas before making my decision of where to invest: Casablanca, Marrakech, Rabat, Smir, Tangiers and of course Saidia. I have always found that the best long term investments are made by trying to guage where the big money will end up.

You only need to check out what has happened in Portugal or Spain in the last 20 years to realize that the location argument by far outweighs anything else. If you bought on Quinta da Lago in the 80's it would have been more expensive than any other development on the western side of the same coastline but the outperformance since then has been spectacular. Check out historicals in Spain.....Mallorca versus Canary Islands, Marbella versus Torremolinos. Even in the UK, you can find the same architectural style townhouses that you would find in Knightsbridge in areas like Woolwich and Lewisham but what a difference in price!!! and only a few miles in between.

I see the arguments from the flippers regarding Agadir/Tangier versus Saidia and yes you can leverage a lot more units if all you are doing is trying to make a few quid quickly but for me, the Morocco trade is a much longer term position.

Unfortunately the premium performance will always be upheld by locations with 'snob' value. The fact that Saidia will have the largest marina with the biggest berths on the med does it for me. If you are fortunate enough to own a sixty metre long yacht there are a very limited number of places where you can moor it....certainly wouldnt fit in Puerta Banus. This marina will attract people with enormous wealth and because there wont be the 'kiss me quick hat' and egg and chips brigade around (they will be in cheaper accomodation in Tangier/Agadir etc.), the rich and famous will feel very much at home in Saidia.

I am banking on Saidia becoming the most upmarket resort on the Moroccan coast and if the entry level is much higher than other sites crammed with cheap properties - that suits me fine. I am not expecting to make big returns on my investment until at least 2015+ and predict that by 2020, this place will be mega.

If I compare the villa i am buying in Saidia, the equivalent spec in Val do Lobo is roughly four times the cost. I expect this spread to narrow significantly and it wont be because the prices in Val do Lobo are coming down.

My advice would be to look very carefully at the type of property you are buying versus supply of that property throughout the resort. I made a judgement that there are not enough larger villas being built in Saidia. I have a four bed front line golf on a good sized plot of 1100+ m2. Most of the villas are 2 or 3 bedrooms only therefore any family looking for the extra bedroom will only have a handful to choose from.

Rentals: I have visited the site a few times now and cannot see how the available rentals will be able to sate the demand. I see the attraction of Morocco and in particular, Saidia creating huge demand on a global basis as it is just a little bit more exotic than Spain!!!

If you take the rental demand in Spain that is spread between hundreds of thousands of units and make an assumption that a small fraction of those renters will try Morocco instead, there just aren't going to be enough properties to go around.

[Investy]

Nolu, you make a compelling rational argument and some points I had not considered.

Jesus of Nazareth asserts that Saidia is nothing special and out on a limb. On the second point, Saidia's isolation appeals very much to me, as does the fact everything is on the one site even down to a fair sized dedicated medical facility.
Having a villa on a development that rubs shoulders with scruffy poor residential or industrial areas would not appeal to me at all. I want to escape to a little peace of heaven isolated with its own beach as far as possible from every day Morocco. That may seem insensitive to some, but when it comes to investing hard earned cash I know what I want. The local town is being transformed and I imagine will itself become an upmarket boutique kind of place.

I am not interested in flipping. Usually only small net returns are possible anyway, so just not worth the bother.
I'm in this for the long term, in fact I can't imagine ever selling as the utility value for me (and my renters) is just so high.

People talk to me about £500-£700 per month rent in high season for a golf 3 bed villa with pool. They may be correct initially but once this place gets known I am fairly certain premium rents will apply.

Why do I pay £1500+ per week for a modest 3 bed villa in Menorca or Sardinia with nearest proper beach miles away, no golf, no facilities (just a crappy mini market and 1 ok restaurant), when I could for the same money get an on golf villa with a massive beach, huge world class marina and boundless leisure facilities?

Some people say that the going rate for a modest Spannish golf villa is about £5 - £700 per week (Polaris world) however they are not in any sense comparing like with like. Such developments have very modest facility ranges, certainly no giant marina, just a handfull of shops and restaurants, no on site beach - just no comparison.

As you say the supply of Saidia standard resorts will be low, in fact I would say NO other development can match it for facilities all in one site. Royal Maroc Sport, whilst interesting and clearly upmarket I still do not see the end user experience comming even close and there is no giant modern marina either.

"BUT IT'S MOROCCO, IT'S NOT SPAIN"
This is a mute point. The end user will not make a quality / price distinction as long as the experience is good. People said Caribean islands were povery stricken so investing there was a mugs game, yet now there are hundreds of expensive enclaves OFTEN ISOLATED!!



JESUS - I am not ramping I am trying to help potential Morocco investors see the true extent of the choice they face.

[Jesus of nazareth]

You try to make a point about being remote, it isnt. You can see Saidia beach front from Algeria. If you want remote why go to Algeria especially in todays climate. With the other five plan Azur resorts on the west coast where you can get a real taste of Morocco, what makes you think Saidia is going to be this incredible success. We dont know if the budget airlines are going to fly direct from the UK. You talk about a long term investment plan, keep hold of any property long enough and you will make money.

[quote]
Having a villa on a development that rubs shoulders with scruffy poor residential or industrial areas would not appeal to me at all. I want to escape to a little peace of heaven isolated with its own beach as far as possible from every day Morocco.
[quote]

But you are ok rubbing shoulders with Algeria? We have all seen the news over the last couple of months.

I dont get it? Al-Qaeda in Algeria are going to target north Africa, Saidia is the first port of call.

[redangel7861]

Jesus.

All points are welcome - what are the other Plan Azur developments that you mention on the west coast?

Thanks

Red