Morocco Property Forum - Property investment in Morocco - View Single Post

traceyw8727 · 18-09-07, 02:34 PM

Im not sure you would be able to secure a 2 bedroomed apartment on the Oasis site for 100, 000 Euros, Pounds maybe( unless you bought very early on?)

I do not consider 500 euros (approx £350) to be unrealistic in the high season given the nature of the resort ie 5 star with great facilities, not when you compare what you would pay for quite a basic apartment in Spain, Turkey etc. I also believe there will be potential to rent in the low season as the weather is still reasonable and there will be other activities available. Also long week ends would be a possibility.

Whether all mortgage payments will be covered is not so clear as there will be maintenance charges and income tax payable (UK income tax)! Much will depend on how the resort takes off and as the whole site will not be finished until 2010 I think you have to accept that for the first few years at least you may have to contribute personally towards the mortgage.

My main concern is whether there will be enough airlines flying into the area to meet the no. of beds which will be available!

18-09-07, 02:34 PM	#3 (permalink)
traceyw8727 Junior Member Join Date: Sep 2007 Posts: 3	Re: Rental Occupancy in Oasis Beach? Im not sure you would be able to secure a 2 bedroomed apartment on the Oasis site for 100, 000 Euros, Pounds maybe( unless you bought very early on?) I do not consider 500 euros (approx £350) to be unrealistic in the high season given the nature of the resort ie 5 star with great facilities, not when you compare what you would pay for quite a basic apartment in Spain, Turkey etc. I also believe there will be potential to rent in the low season as the weather is still reasonable and there will be other activities available. Also long week ends would be a possibility. Whether all mortgage payments will be covered is not so clear as there will be maintenance charges and income tax payable (UK income tax)! Much will depend on how the resort takes off and as the whole site will not be finished until 2010 I think you have to accept that for the first few years at least you may have to contribute personally towards the mortgage. My main concern is whether there will be enough airlines flying into the area to meet the no. of beds which will be available!