Hi Stella,
Welcome to the forum let me answer your very valid points. I note that you agree with me on the majority of them.
Before I go further let me tell you that I am not torned wether I buy or not. I also understand the Macro economics that you wrote about.
I AM NOT WORKING FOR FADESA OR HAVE EVER WORKED FOR THEM AND KNOWING THEM AND HAVING DEALT WITH THEM OVER THE LAST 10 YEAR (FROM A SMALL FAMILY COMPANY TO STOCK MARKET LISTING) I HAD GIVEN THEM THE BENEFIT THAT THEY WOULD WOULD HAVE LEARNED AND IMPROVED THEIR MANAGEMENT AND CUSTOMER RELATIONS BY NOW AND APPLIED IT IN KABILA, MY FINDINGS WERE THAT NOTHING HAD CHANGED. AND IT IS FOR THIS REASON THAT I AM NOT BUYING THERE.
I note that some people on the forum are blaming the agents. The question is how did the agent know, and who released this info to the agents. Fadesa is well aware of the mess and have not made any effort to resolve themselves from it.
On the contarary Fadesa is being party to the confusion by saying things which they Do/dont know, e.g aircondtioning Included or not, non clarity on prices, vat, lack of planning permission etc. You might not beleive this that on my visit to Fadesa office they did not even have a photo copy machine, they had plans in the office of the site/phases and they denied having it with them
As you are working in Portugal you may be aware of it professionally of the suffering that british are facing in on the coast etc. these are the same people whose developers/agents say that they leave their brains at gatwick airport. I see this happening in morocco and for all those who are buying I am happy for their sake that I am wrong.
I am not dampning people as you rightly said. I am not buying there and dont have to spend my own time on this forum and let people learn from their experience, It not easy when buyers have established an illusion of what they are buying and when the reality hits home.
I am not insular about it. as I am not a developer, nor an agent and I can say for sure that perhaps I am the only one on the forum who had dealt with fadesa over 10 years and can speak from experience. I can say this for certainity from the type of mail that I read .
In terms of Mocro economics, yes prices will increase at least by RPI, let us not forget that a very large number of these propertiesby fadesa or others will be handed over to the owners in 2007/08, there will be a glut in the market starting from Saadia down to the Atlantic coast and in an untested market, Have a guess what will sell ? of couse any thing can be sold if the price in right i.e what one is willing to pay or accept for it.
I am sorry if I may have gone on a tangent a bit