by timmi_man » Sat May 02, 2009 10:49 am
Hi Davmel/riaz,
I agree with your logic. But how do we go about do this?
The last time I looked at GBP/MAD it was 12.5 (16.5 in 2007 25% increase), and with the include in VAT to 20% (from 14%) the whole investment has cost about 31% more than it was in 2007.
Also, looking at the whole development (looks like a building site) is there going to be rental demand on AP1? If a mortgage is taken out and there's no rental demand then the MAD mortgage will need to be paid in GBP converted to MAD.
Rgds