camel

Planning delays are a serious issues and to be fair to "Tangah" a lot of developers are in the same boat.

Its a developers ideal senario that they can sell every unit before a brick is laid. A lot of developers in order to steal a march on the competitor are doing this in Morocco. Personally I feel that this is counter productive and fatige sets in and the prospective buyers in practise find it difficult to get their money back and the bad taste sets in.

Finally if than the unit/s that they expected to acquire do not come up to their expectation its become a bit of a downer. I am pretty certain that some of the projects in Morocco will fall short of promises made before the money was parted from the future buyers.

By Moroccan law as I understand a guarantee must be at hand before a deposit reservation is paid. The Banks will not extend guarantee until 40% of the project funds are offered. As the developers are not willing to put this money up front they, try and obtain from our contract or as much as they can to acheive the 40%.

If you are not a gambling person than you should just walk away and do not fall for the so called pre launch prices irrespective of the development/per.