unlikely to be able to flip - Morocco needs to mature - it is not like Poland for example with a very strong domestic market coupled with european style finance options and legals. There is no deliverance date or penalties on fadesa contracts, let alone planning permission and clean land title - so it will be hard to flip. Realsiticly need to hold for 5yrs.
Plus - anyone actually found a decent finance package or hoping to sort out 2 yrs down the line?!
Also - there is an admin charge for flipping a fadesa contract of 3,000 euros.
Also for those who feel that fadesa is a safe bet and a company that would not rush into things without carrying out any due diligence - be aware of what is about to happen in Saidia
" no completions are being forced as building licenses have still not be sourced - at the moment 10 month delay"
"fadesa has sold plots of land to other "reputable" developers - well they have just realised that these other developers have not built anything yet - and are now1 yr in breach of their contracts and are looking to re-voke the credited land purchases with these guys - especially as their projects do not even conform to the basics needed to gain planning permission" - run down of developers who Fadesa sold land and compromised the first Azur project;
Jardin de Fleur - not built a single thing in 2 yrs - is mis-selling his properties as residential when they are in fact touristic (restraints on usage of land) - owns 12 plots
Oasis - not built a single thing in 2 yrs - in fact have still not got planning for units that, like jardin de fleur, they have collected 20%. - owns 4 plots
Helios - owned 2 plots of land 2 yrs ago - and have handed back the plots to fadesa.
want background checks did Fadesa do on these guys?!!! How can you sell units you don't even have a clue weather they will be there or not coupled and have a clue how much to sell them for if you still have not sourced a contractor to price the units out?? pie in the sky.
________
TOYOTA HISTORY