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Go Back   Overseas Property Investment Forum > Africa Property > Morocco property > Mediterrania Saidia - Morocco - Owners Group Forum

Mediterrania Saidia - Morocco - Owners Group Forum This forum is dedicated to those investors who have bought property in the Mediterrania Saidia residential property and tourist complex on the beautiful Mediterranean coast of Morocco. Owners of Le Jardin de Fleur and other complexes in Saidia are welcome here and asked to contribute their purchase experiences with other members. The aim is for all to learn and share information and photos as the development progresses.

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2nd invoice VVT5

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  #1  
Old 02-07-2008, 01:43 PM
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Default 2nd invoice VVT5

I have recently received the request for the second payment for my property on VVT5. I have asked for proof that construction has started before I part with any more of my money. So far nothing has been forthcoming. Any comments.
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Old 03-07-2008, 09:47 AM
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Not sure if this helps but this is what happened in my case ...

This is something my solictor requested on my behalf when I had to pay my 2nd payment on AP15. It took about 2 months to come through and when this was validated by my solictor I paid the monies due.
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Old 09-07-2008, 12:02 AM
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I have seen photos from Property-Logic dated 27th June showing that the site has been cleared and prepared for construction, with safety meshing surrounding it. I understand that building work will be starting very soon, although I do not have a specific date.

The photos can be viewed at:

Le Jardin de Fleur

Alan
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Old 04-10-2008, 02:39 PM
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Quote:
Originally Posted by marsdei View Post
Not sure if this helps but this is what happened in my case ...

This is something my solictor requested on my behalf when I had to pay my 2nd payment on AP15. It took about 2 months to come through and when this was validated by my solictor I paid the monies due.

Hi, i have also bought in AP15 do you have any idea about completion dates.. i have heard Dec 2008 and March 2009 banded about have you heard anythihg..
regards
T
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Old 06-10-2008, 05:16 PM
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Hi there
As I am currently staying on the site for a while - I can guarentee you that no building has actually started on VVT-5. For more progress photos than LJDF, please visit saidiaholidayrentals (.) com.
Shani
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Old 06-10-2008, 05:18 PM
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Hi there

I will go & take some pictures of AP-15 in the next few days, pretty sure there isn't much there currently, but will check for you.
Regards
Shani
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Old 15-10-2008, 11:26 AM
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Those pictures on your website of the appartments with communal pool, would put me off a holiday there as the pool looks so small and insignificant. The pools in other resorts around the med are far bigger typically.
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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year
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Old 15-10-2008, 11:33 AM
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Property Logic need to become proactive if they want us investors to keep giving our money. For a start they could provide an English translation of what the Governments 'guarantee' actually means. I would if I were them.
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Old 15-11-2008, 07:14 PM
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Just to advise - there is STILL nothing taking place on VVT5. The area is completley cleared, but absolutely no construction what so ever. However, they have begun to prep the land for VVT4, and RT7 is coming on very well.

Shani
Saidia Holiday Rentals
There are recent pictures on the site.
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