quote:

Originally posted by flip1:
Why are you looking for a 2nd investment in Morocco have you been?

quote:

Originally posted by Blue Eyes girl:
Still looking into this one got a email from Property Borders on the fronline block 3 but unsure as yet as I dont want to stretch myself as I have already invested in Morocco.

But never say never thats me.

I have made bad investments decsions before by only buying 1 property and later wished that I had bought a second as the price went up so much on the first.

So I think the trick is if you think that prices will increase by 15 to 20% per year its best to buy 2.

quote:

Originally posted by Blue Eyes girl:

quote:

Originally posted by flip1:
Why are you looking for a 2nd investment in Morocco have you been?

quote:

Originally posted by Blue Eyes girl:
Still looking into this one got a email from Property Borders on the fronline block 3 but unsure as yet as I dont want to stretch myself as I have already invested in Morocco.

But never say never thats me.

I have made bad investments decsions before by only buying 1 property and later wished that I had bought a second as the price went up so much on the first.

So I think the trick is if you think that prices will increase by 15 to 20% per year its best to buy 2.

I am not sure about this espaecially the 15% price increase. Surely any increase in price is dependant on the hotel income rather than the property market? To me this investment is for income only and I wouldnt expect any sinificant capital growth.If thats why you are buying two then be careful is my advice. I have spoken to one agent and they suprisingly enough were the ones giving me this advice, very odd. I was put off until i read this

Hi, ive purchased on La Plage & I think I will see a minimum return of atleast 15% on my investment over the first year, reason; well its a Plan Azure Resort & prices have not yet increased, you normally find a price increase occurs once a certain number of units have been sold.

Which agent advised you would not see much growth? were they trying to push another resort in your direction.

Are you looking at buying on this resort, if so act fairly quickly, the agent i bought from advised they believe this will be a great investment, if you want details let me know.

Its odd really, I invested with them elsewhere and he was actually trying to sell me Port Lixus but as a long term project and not the capital growth that i am hoping for in Dubai. I am using a well known Spanish Agent

garetho - very odd indeed! ok best of luck with purchase, I myself do feel as though you will see a very good rate of growth on Port Lixus in first year.

quote:

Originally posted by garetho:
Its odd really, I invested with them elsewhere and he was actually trying to sell me Port Lixus but as a long term project and not the capital growth that i am hoping for in Dubai. I am using a well known Spanish Agent

Yes I went cold on P Lixus to as I cant see a lot of cap growth on small hotel rooms.

Cant see any for Dubai either - mass oversupply Im afraid. People in Spain cant sell on due to oversupply and with Dubai its a case of tens of thousands of investors all hoping to sell onto to someone else - a long bet.

I see cap growth on the units tied to both the success of the hotel AND the actual location of the hotel (azure plan resort, front-line location). This is actually more of a commercial property with a built in profit share so I see this stacking up much better than a stand alone apartment or villa.

quote:

Originally posted by Thorr:

quote:

Originally posted by garetho:
Its odd really, I invested with them elsewhere and he was actually trying to sell me Port Lixus but as a long term project and not the capital growth that i am hoping for in Dubai. I am using a well known Spanish Agent

Yes I went cold on P Lixus to as I cant see a lot of cap growth on small hotel rooms.

Cant see any for Dubai either - mass oversupply Im afraid. People in Spain cant sell on due to oversupply and with Dubai its a case of tens of thousands of investors all hoping to sell onto to someone else - a long bet.

I dont agree with you on Dubai, Bought, sold and made good return on JBR now I believe Sports City is early enough for the same growth. I was there last month and it seems that there is a shortage of property and rentals are very high whci kind of proves that fact. Lets not forget Dubai isnt all about holiday makers unlike Port Lixus. Having said all that still not dismissed it yet and my agent tells me they have plenty available at the initial release price.

quote:

Originally posted by hobiecat:
I see cap growth on the units tied to both the success of the hotel AND the actual location of the hotel (azure plan resort, front-line location). This is actually more of a commercial property with a built in profit share so I see this stacking up much better than a stand alone apartment or villa.

I felt it is high risk building a hotel as your very first development which is ok if the price reflects this risk to the early founding investors.

Even once built hotels can be buggers to make a profit out of. Lets say the hotel goes under - what happens to your capital then? At least with a normal freehold property you always own the asset.

You are effectivly Bank rolling the project - a Bank would want a deed to the land should the developers go t2ts - up. Individual investors will have no such protection I guess.

Also Im already exposed in Morocco and the extremist tensions globaly might escalate (Paddy Ashdown believes this)so I felt it was more prudent not to take a further position in Morocco.

Im not worried that my rental flow might be interuppted as tourists temporarily stear clear following any terroism, no, my concern is that terrorism could impact greatly on any developer causing them to go belly up before I get the keys!

The Moroccan Government better make bloody sure they have 100% focus on this.

Im intrigues why terrorism in relation to Dubai property never gets mentioned? Anyone know why?

Here we go again try putting people off resorts just becouse its not Siadia, if there is a problem in Morocco its Morocco likely to come via Siadia as Algeria is next door to your beloved Saidia and before you mention the security they would not be able to stop the flow of people crossing this large border.

bravedave, my opinion, Saidia will be a world class resort & I see why Thorr always talks about it, however I also believe Port Lixus will be on the same level, at the moment Saidia is well known, alot of money has been spent on promoting the resort, & more progress has been made, give Port Lixus 6 - 12 mths & more & more people will be looking at buying there, at this time prices on units people are buying now will have increased, ive gone for a studio, ive a good feeling ive done the correct thing.

Jaysol I agree Port Lixus will be a great investment and people will see this as soon as some other developments are for sale in Port lixus as they will be priced more expensive then la plage

quote:

Originally posted by bravedave:
Here we go again try putting people off resorts just becouse its not Siadia, if there is a problem in Morocco its Morocco likely to come via Siadia as Algeria is next door to your beloved Saidia and before you mention the security they would not be able to stop the flow of people crossing this large border.

Brave Im not trying to 'put people off' - Im sure they have thier own minds!

I had reserved in La Plage but on reflection withdrew.
Yes the resort looks fantastic - every bit as good as Saidia, but the prospect of Bank rolling a first time developer on a hotel just didnt appeal and I feel the price of the small rooms is too high to realise sufficient cap growth.

Horses for courses eh

Thorr, fair comments however as I understand the developer behind LJDF is also new to "developing" & I believe Saidia is their first project, with all this in mind the developer behind La Plage will do all they can to be sucessful, dont you think?

Well said Jaysol, I was thinking the same about the developer of LJDF. The fact is most developers now in Morocco are new and testing the market, but the good thing on Plan Azur the king will have his eyes wide open.