Im currently thinking of purchasing an apartment in the tanjah development from Dreamworld. I went to one of their presentations and I have to say I was very impressed with the figures and how the payment plan works. 25% deposits which can be spread over the 3 years and then a 75% mortgage. This is for investment for myself... Will keep for the 3 years of construction and maybe longer, will decide depending on the Morroco property market over the next 24 months....

Any advice on anyone else that?s bought in Morroco, or even bought in the tanjah development.
Thanks
Chandler

I?m in the same position as you I think. Looked at the exchange bond, (which I understand will operate from within the UK & that made me feel more secure). Really like the idea of being so close to Southern Spain - good transport links, it's 5 star , there's no phasing on the build and there are other developments going up around it within a similar time frame - so no noisy cranes etc once built. BUT the development itself will not be stuck out in the wilderness in splendid isolation.
Like you I am looking to hold & with confirmation just received that a mortgage plan will be in place, this allows me the option of holding longer rather than flipping before completion (I hope!).
The payment plan I though innovative & because of the relatively long build time, capital growth is likely to be strong & that's what got me!! I have seen some comments on other website that have been negative about not being able to flip until you've paid 25% which could put the more aggressive investor off, but as I haven't got the time to devote to such revolving door tactics, this suits me fine.
I hasten to add that I am no big important property investor - we have had a place in Turkey for the last 5 years & that has done very well for us & I think that gave us more confidence to take the plunge on Tanjah. Apart from that, you just have to do your research & then go with your instinct in the end - scary eh??
Thanks
Brayan

hello Chandler,

I looked at Tanjer beach and went on an inspection trip, it was a bit of a shambles really. The Dream world people could not answer most of the questions put to them and they did not appear to have the written planning consent documentation.

My personal descision was not to proceed.

Agreed - bunch of cowboys imo.
C

I agree guys about Tanjah dream world have messed this up big time.

London based Moroccan agency propertyborders.co.uk refuses to even sell Tanjah becouse of this.

Property Borders have just launched thier new site have a look, it has great news on Morocco and investment advice.

What was it they actually messed up? Is the development still going ahead? What are the problems. I have decided not to invest in property in Morocco for the time being but am curious and will keep a watchful eye on some ofthe deals.
Flex

As a veteran of real estate in Marbella I have recently set up a company specializing in Morocco, mainly the Tangier area. My partner and I were looking for another country to compliment our business in Marbella and researched Morocco for 18 months before we made the right contacts and became confident to offer off-plan units. We ensure all due diligence is carried out and handpick developments for location, price, build quality and liklihood for investment gain. we dont do inspection trips but accompany clients around! Have a look at our website and let me know what you think. Page 1

Hi Admin not a bad site but have a look at this site below it has much more detail
on Morocco and is run by the only Moroccan agency in London
Morocco properties, Villa Marrakech - Marrakech Properties - Property Borders .::. Moroccan Hospitality with British Professionalismm

Thanks Admin, I will get our web guy to change that page 1 part. We want to offer our clients full information and not just offer the general stuff that everyone offers out. There are many reasons for this but not ones I would be prepared to debate on an open forum! Living in Spain I am fully aware of how the real estate agencies have cleaned up here - luckily I was never a part of it, only helping to clear the mess afterwards!!! Morocco is big news - we even have ex-pat Moroccans buying from us, a bit like selling ice to the Eskimos I guess. Have a good day.

Thanks for pointing that mistake out admin.

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