MY REPLY IN BLOCK
Shak,
You're losing me as one of your advocates...
NO, DONT DO THIS AS I NEED ALL THE FRIENDS I GET ON THIS FORUM.
Either Morocco is a seriously under supplied market or every property expert this side of Mars is completely and utterly mad.
I RESERVE MY VIEWS
I don't have any doubts that Fadsa will sell every single unit on Alkudia, and their next development and their next one... The only risk they have is if the quality of the first few units is poor, which is why I don't think they will be.
WE WILL JUST HAVE TO WAIT AND SEE.
If you think that the current number of developments being built now, or being built in the next 5 years will satisfy demand for apartments in Morocco, then I suggest you do more of your due dilligence on the tourism industry and foreign inward investment forecasts for the region...
MY FINDING HAS A DIFFERENT SLANT ON IT.
Secondly, those willing to take the risk of buying off plan are in the minority - hence the healthy resale markets in Spain or anywhere else for that matter.
EVEN AT THE HEIGHTS OF SPANIAH PROPERTY BOOM SECOND HAND PROPERTY WERE ON THE BOOKS OF THE AGENTS FOR AVERAGE OF NINE MONTHS AT PRESENT ITS WORSE, OFCOURSE IF YOU GIVE IT AWAY THAN THE SITUATION CHANGES
As such, even when Alkudia is only partially finished, there'll be a ready supply of buyers wanting to jump the queue and buy a finished or near finished apartment.
WE JUST WAIT AND SEE
Look, I completely agree with you that buying on Alkudia is risky. I wouldn't be showing any interest if it wasn't because no risk = no serious
ANY THIRD WORLD COUNTRY IS RISKY AND I AGREE NO RISK NO GAIN HOWEVER I DO BELEIVE TAKING A CALCULATED RISK AND MINIMISING KNOWN RISK FACTORS WHICH ONE CAN.
profit... The apartments might be crap when they're finished, but I'll bet my car with you right now that it will still sell for at least 20% more than I pay for it, within 2 years.
DEPENDS WHICH CAR YOU HAVE??????
IF YOU DECIDE TO NOT TO ADVOCATE FOR ME. I EXPECT IT WILL NOT BE ON THE GROUNDS OF DIFFERENCE OF OPNION AND NOT FOR ANY OTHER REASON.
shak Posted: Fri Oct 06, 2006 2:40 pm Post subject: no of units