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I've just upgraded my reservation to a villa on LJDF. If you're planning on keeping the villa long term and using it yourself, they look like a great buy. Appreciation will most likely be better than the USA and it's much more accessible from the UK for short holidays as well.
Plot 16A (2 bed penthouse with the larger terrace) is available again if anyone is interested.
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quote: Originally posted by fws:
I've just upgraded my reservation to a villa on LJDF. If you're planning on keeping the villa long term and using it yourself, they look like a great buy. Appreciation will most likely be better than the USA and it's much more accessible from the UK for short holidays as well.
Plot 16A (2 bed penthouse with the larger terrace) is available again if anyone is interested.
Ive gone for the villa. Some agents tell me the appartments make more investment sense. What made you change to the villa? |
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I heard the opposite - that villas will make more than the apartments, but the reason we eventually decided to go for a villa with pool was because we preferred the quiet and views for our own holidays. That's assuming that the golf buggies aren't that noisy! Plus the third phase has just been released and the golf views are all at approx £259000 and this was the last one at £223,000
Which villa did you go for and have you got aa marine berth?
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quote: Originally posted by fws:
I heard the opposite - that villas will make more than the apartments, but the reason we eventually decided to go for a villa with pool was because we preferred the quiet and views for our own holidays. That's assuming that the golf buggies aren't that noisy! Plus the third phase has just been released and the golf views are all at approx £259000 and this was the last one at £223,000
Which villa did you go for and have you got aa marine berth?
We are looking into a marina berth. I know little about them, but I have a feeling prices will rocket once the resort becomes widely known. Probably going for a 15 m berth. I trust you can sell them - on? Went for an inner - ring villa on phase 1 as a lot cheaper, although I realise wont be as popular with golfing types wanting to rent. |
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quote: Originally posted by foody: quote: Originally posted by applegate:
I am flying out tomorrow and visiting the site on June 2nd. When are you visiting the site?
Hi Applegate How did your site visit go? I was very impressed with the site and loved Asilah. Sorry we will have to wait two years before we can move in! Foody |
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which villa types did you go for??cant decide between hibiscus or bourganville. How much are the hibiscus now golf views which large plot? Thor are you an agent by any chance???
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quote: Originally posted by leppy:
which villa types did you go for??cant decide between hibiscus or bourganville. How much are the hibiscus now golf views which large plot? Thor are you an agent by any chance???
I went for Hibiscus as it was cheaper and had a large roof solarium which I hope will mean sun rays will be present even when the sun is low in winter at the beginning / end of the day, which may not reach the garden. Also want the property to be more manageable in terms of cleaning so I decided against an upper floor. Im not an agent, although I think I perhaps ought to be as a side - line given my enthusiasm! BTW, an agent is Loughton, Essex who claims to be from the Saidia area, tells me there is a ski resort within 1 hour! Anyone know if this is so? |
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Hi there, Just got back from my trip to Morocco. The site for the Paradise Beach and Golf resort is just stunning! And I am just so pleased I picked such a nice place! Fingers crossed, everything will go to plan! With regards to the site itself, some work is alreay taking place there and when I went there, there were workers on the site, pipes were being installed. So it all seems to be happening. It appears that Emaars (the biggest developper in the world - Dubai owned) is building a massive development just at the border of the PBGR (south of PBGR) and both developments will be neighbours. This new development will be much more upmarket, more expensive, it will also have a 18 holes golf course, a marina and a hotel. I was able to verify this information on the web as this development is already marketed on various websites. This development is backed by the royal family. I think that the proximity to this development can only benefit PBGR. The road works for both developments is taking place at the same as the Emaar development and the area will benefit from two golf courses, a marina and various hotels. A bit like at Saidia, except that the beach at PBGR is much nicer and that the location is so much better (international airport already operating fligts in the UK, France, Spain, proximity to Tangier, Asilah, Larache and Rabat by a newly built motorway). I was told that the building permission and bank guarantees for PBGR were likely to be granted by the end of this week and that prices would then go up again The PBGR is also backed by the Royal family (going half on the PBGR with prestige properties) and this is an extremely good point as things should happen more smoothly. Things in Morocco can be a bit tricky is there is no back up from anybody high up. I was told construction works could start at the end of August. One of my relative actually lives in Morocco and will keep me posted on how the site progresses. I will of course share the info with you all.
Applegate
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Applegate
What website did you find the Emaar development on?
Have you got your plot allocation yet?
Foody
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Asilah is just such a beautiful place, extremely well kept and clean. People there seem to be very respectful of their city. There are also a few nice restaurants there and terraces. A nice excursion from the PBGR. It is to my mind one of the nicest place I have seen in Morocco. Every summer, there is a big festival taking place there (internally known). Larache (further south, 20 mins drive from Asilah) is also very nice (with a lot of Spanish influence) but not as well kept as Asilah but I can see it changing overtime as there is a big development getting built nearby. So possibly another nice attraction within driving distance from PBGR. I visited the site early afternoon at around 14.00. It was a beautiful day.
Applegate
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Hi Applegate
We have paid our holding fees for 12 apts on PBGR (we are part of an investing group) and are still waiting confirmation of final allocations although I believe most of our properties are on Section J.
I have spoken to Prestige Properties at length about our site (we are unable to go on our inspection visit until August) as I was concerned that we could not see where the roads on our site plan were leading to. I was assured that there were no other developments within 3 miles of us and that Prestige had first refusal on the land on the commercial side of the development.
I was aware that Emaar are building a development which we are also interested in but I thought that was much further down the coast near Larache - am I wrong?
Does anyone else have their plot allocations yet?
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I have a 1-bed in sector A of PBGR. I am planning to visit the site at the end of this month.
applegate (or anybody who has been there), which sectors do you feel would be the best ones? How steep is the land? I don't have realistic expectations to get sea views from the ground floor.
Next to Larache there is Port Lixus (www.port-lixus.com), one of the 6 developments in the Plan Azur, by a Belgian developer. AFAIK still not marketed in UK. I called them in Morocco but I have still not received any information regarding prices...
I don't know the exact location of the Emaar project. Their website says 20 minutes from Tangier.
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Nice one Applegate, the info you gave is very encouraging, the most amount of info i have heard about Paradise. Lets hope all you have heard is right. We have 3 appts all in Section B, and are going out on June 19th, so now cant wait, didnt think any work would be starting yet though, so thanks for that.
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quote: Originally posted by applegate:
Hi there,
Just got back from my trip to Morocco. The site for the Paradise Beach and Golf resort is just stunning! And I am just so pleased I picked such a nice place! Fingers crossed, everything will go to plan!
With regards to the site itself, some work is alreay taking place there and when I went there, there were workers on the site, pipes were being installed. So it all seems to be happening.
It appears that Emaars (the biggest developper in the world - Dubai owned) is building a massive development just at the border of the PBGR (south of PBGR) and both developments will be neighbours. This new development will be much more upmarket, more expensive, it will also have a 18 holes golf course, a marina and a hotel. I was able to verify this information on the web as this development is already marketed on various websites. This development is backed by the royal family.
I think that the proximity to this development can only benefit PBGR. The road works for both developments is taking place at the same as the Emaar development and the area will benefit from two golf courses, a marina and various hotels. A bit like at Saidia, except that the beach at PBGR is much nicer and that the location is so much better (international airport already operating fligts in the UK, France, Spain, proximity to Tangier, Asilah, Larache and Rabat by a newly built motorway).
I was told that the building permission and bank guarantees for PBGR were likely to be granted by the end of this week and that prices would then go up again The PBGR is also backed by the Royal family (going half on the PBGR with prestige properties) and this is an extremely good point as things should happen more smoothly. Things in Morocco can be a bit tricky is there is no back up from anybody high up.
I was told construction works could start at the end of August.
One of my relative actually lives in Morocco and will keep me posted on how the site progresses. I will of course share the info with you all.
Hello applegate, Thanks for the great update you seem to have got a lot more info about the site then anyone else,can you please give us the details of the agent you bought from ? |
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Hello
Applegate thanks for the extra info on PBGR
I am going prospecting in the region and Paradise is one of the developments on the list. (I will post an update here when i return) I am trying to find out who the developer is - I read it mentioned somewhere that prestige are the developers. Why are they charging agency fees then? (to the tune of 3 grand or something like that?)
Any ideas anybody?
Thanks,
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Phoenis, my appt is also in section B! CSS, to my mind, the best sectors are A, B, D, E, which I think offer the best views on the sea. These sections are also the nearest to the beach! . Cityman, the developper is Prestige and it appears that the ownership is shared between them and somebody in the Royal family. I was told planning permission should be granted this week and payment of the 40% should only be made after the planning permission is fully granted. Some people who have bought at Royal Asilah (also by Prestige) and paid the 40% were told that the flats on the second floor would no longer exists as planning permission had not been granted as the building had more that two storeys. Hopefully these people will be able to recover their 40% without too much inconvenience. So to avoid a similar situation from happening, payment should only be made once planning permission is fully given. Does anyboy know a sollicitor in the UK knowledgeable on buying properties in Morocco? If so, I would be grateful if I could get his details to get some advice. Thanks,
Applegate
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I spoke to Prestige Properties today who confirmed that official planning had actually been received last week. Work on the site commenced on Monday with water pipes currently being laid. We have been told that the builders are a govt owned company so there should be no problems.
PBGR is being closely watched by the Moroccan govt. Prestige will only be granted further building permission if the govt approve of the quality of PBGR - this can only be a good thing for us.
Prestige also told me that investors who had paid their deposits on the Royal Asilah have been given the option to transfer their investment to PBGR.
Finally, we were led to believe that better views of the beach were from sections higher up on the development as Sections A,B and C are not as elevated as first thought and lie directly behind the villas.
Applegate, what are your thoughts on this - we have yet to go on our inspection trip so would value your opinion.
Now that you've been out to Morocco have you been asked for your 40%
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Hi all
This information was given to me when allocated a penthouse in section G No 5A. Apparently the road that runs above section B and C is terraced three meters higher than theses sections. If this is the case section G should have good views of the sea. I am visiting later this month. I will take some video footage from the different sections and of Asilah town then put what ever I have onto the net for everyone to see. If anyone visits as the site develops and wants to share photos or video, just let me have a copy or the original (I will send back honest) and we will have a website that develops at the same time. Anyone interested in this idea?
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Hi rf123
when you spoke to prestige properties was that the office in blackpool, or the developer in spain
Mac101. Also we have bought in section B and was told that A to E were the best. We have got 3 appts but if they look over bungalow roofs i wont be too pleased, considering we were told we were in early and would have one of the best views!!!!!!!!!!!!
We go next week so will look see whats what..
And your idea of getting shared info on paradise is excellant..
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mac101, great idea about the website! I have a few pictures which I took early June and am happy to send them to you! Having some family out there, I could get pictures sent over to me regularly to feed the website. Rf123, thanks for your update. It seems that what you have heard matches what I have heard too so that's a good thing. Re. the 40%, I was not asked for anything as yet and was told payment should only be made once the full planning/building permission is granted. I am waiting for the agent to update me on this. Re allocation, I am getting worried now...my allocation looked fine to me when I visited the site but maybe I should look into it a bit more carefully.
Applegate
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Hi,
I am new to this site and have found it interesting. I have recently had my deposit returned for a property in Dubai that is delayed by 18 months! So you will understand my reluctance in investing off plan again. However that said I would be interested to know the names of developers in the TANGIER area and which development is due for completion first. Is it true that Ryanair will soon be starting flights to the area? Any help you can give me I would be greatful.
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Has any one tried to change their allocation ?
I was under the impression we would be given a choice of two or three. I was given mine but when I asked if it was possible to have an alternative apartment layout they said yes but the price would go up by over £4000.00! So I have stayed with Layout D on section E as it sounds as if E is a good section.
Mac101 I think it is a great idea having a dedicated web site for photos. I have some of the site showing the roads and pipes going in if you need them.
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Hello applegate,
Thanks for the great update you seem to have got a lot more info about the site then anyone else.
can you please give us the details of the agent you bought from ?
As i may use the same one, as it will be my first investment overseas.
Thanks in advance.
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phoenis, the information about the terraced wall was given to me by someone from Casablanca properties who seemed to know what they were talking about, but I don’t know how accurate this is, sorry.
Well It looks like investors want a dedicated site so here we go 'www.pbgr.co.uk' I have put a satellite image of pbgr on there for now. The website will be available to anyone, members will be able to contribute with messages, upload images and video clips. The wesite will track the development of pbgr and hopefully keep us all up-to-date with events. If you have anything you think will be of interest before the website goes live please send to me at mac101@pbgr.co.uk and I will put it on.
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