This is my first post on this excellent and very informative site. I wonder if anyone has any info on the Al-Mhamid 7 site in Marrakech? It will consist of 5000 appts., mostly 2 bed and is away from the main tourist areas and close to the airport. Prices seem incredibly cheap but the documentation from the UK agent seems to absolve them from all responsibility once the initial £4k is paid (plus another £2.5k in fees). I'd love to get my foot on the ladder in Morocco but I'm wary of making a mistake. Any advise greatly appreciated.

Website's I've got from googling this development don't look profesional and £2.5k agency charges on a £16k property seem steep. You can bet locals won't be paying that.

Have you visited the location these apartments are to be built? Are you happy renting to locals? (It is likely that few if any tourists will be interested.) Are prices reasonable when compared to existing apartments there? Considered going directly to the developer so that £2.5k agency fees aren't applicable? (I've nothing against agents that are worth their weight, but your choice of words suggest these probably won't be.)

Also consider maintenance costs. These might be similar (£) as for apartments costing two or three times that, but when expressed as a % of purchase price they will be higher for yours. That can quickly erode yield.

Hello All,

I bought into Al-Mhamid 7 back in February as a holiday home for playing golf in Marrakech. Purchasing was easy, but getting any updated information from Hiltoninvestments has been a nightmare.

hiltoninvestments give no customer service AT ALL, and I would not recommend them to anyone.

I actually nearly got some of my friends to invest so we could meet to play golf, and now after my experience I'm glad I didn't invite them to buy too.

If anyone has any new knowledge of this development, please post it here.

Thanks

Steve