by romablade1889 » Tue Dec 19, 2006 2:01 pm
There are 18 blocks as I've now bee allocated an apartment in AP1 Block 18.
However, I've gone from having a sea view (if only between two other apartment blocks) and overlooking the pool to having neither if these things.
Also, I agree that the new AP1 looks overcrowded and a the height of the season, the worse case scenario is this:
18 blocks of four storeys each with four apartments per story. Average of 3 people per apartment = 18 x 4 x 4 x 3 = 864 people all wanting to use the pool at the same time.... Even if only 1% wanted to use the pool, that's still 9 people in the pool...
I am pulling out guys as the business case no longer flies....
No pool view, no sea view, no air conditioning, no bank guarantee, no proof of land ownership, poorer located apartment equalling lower resale value and lack of distrust about Fadesa's competence... All this equals too much risk for me. There are better, lower risk investment opportunities around.
My advice - look elsewhere at the alternatives before signing up... Be sure this meets your original criteria.... Be sure you'll get the right level of return you wanted.... Check out other parts of Morocco, especially resales on Marina Smir and nearby.
It pains me to say it, but Shak was (partly) right all along...
PS: If anyone wants my apartment on AP1 and have been asked to pay more for another apartment elsewhere, drop me a private message and we'll do a deal.... I'll sell you my reservation.
Last edited by
romablade1889 on Tue Dec 19, 2006 2:08 pm, edited 2 times in total.