moneyman

For those of you considering investing in La Plage in port lixus, just a word of warning. I've been looking at this project as well, albeit a little late into it! I came across it when researching port lixus and the various projects in the area.

One of the agents marketing this project was / is Essential Morocco (Essential developments). Having been through various forums, i've read that firstly, the project is not that sound as it seems, and is not really that good an investment - its a small hotel with limited capacity, plus there's not much info on the developers or financial backers, so whether it will ever get built is another question.

However, the main point is that some of the investors who have reserved on this project have had a hard time getting their money back from essential. Surely if the development and developers were sound, they would have no problems in refunding people's money.

Just a word of caution to those considering this investment. I'd do my research properly and confirm a few things whilst on a visit to morocco than just buy blind.