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

investingary · 19-09-07, 12:29 PM

hey moroccobound,

I appreciate the honest, upfront comments and advice. It is definitely invaluable to me in making my decision. I have been given two different fronts on this whole issue - one from octanorm and one from you.

On the one hand, octanorm is proof of the fact that it can be done and if well planned, you can also make good money out of buying and developing. On the other hand, the points you have put across just can't be ignored either. I always had a feeling that things can't be as easy as pie in a country like morocco. it's only recently opened up and there are a lot of bureaucratic hurdles to overcome. Some of my friends who have visited morocco and tried to investigate this issue have come back losing 10 years of their youth!!!!

The DIY option is always the best option if things could go smoothly. In the UK, at every stage your investment is protected. There are rules and regulations to cover you in case of any fraud, and systems are in place which enable you to efficiently handle a project. Sadly, that doesn't seem to be the case in morocco. I hope that these issues will be resolved soon, but until then, most of us may have to be satisfied with the off-plan route. Lets be honest, even that does give you a healthy profit if timed right!

Octanorm and moroccobound, you guys (or gals as the case may be!) have been a tremendous help in guiding me. I think for the time being, I'm going to give the DIY option a miss and look at some off-plan projects. Octanorm, you did PM me and advised that my budget would not be enough anyway. So definitely the off-plan route is the best option for me now.....

Thanks once again for all your advice.

19-09-07, 12:29 PM	#17 (permalink)
investingary Junior Member Join Date: Aug 2007 Posts: 15	Re: Buying land in marrakech hey moroccobound, I appreciate the honest, upfront comments and advice. It is definitely invaluable to me in making my decision. I have been given two different fronts on this whole issue - one from octanorm and one from you. On the one hand, octanorm is proof of the fact that it can be done and if well planned, you can also make good money out of buying and developing. On the other hand, the points you have put across just can't be ignored either. I always had a feeling that things can't be as easy as pie in a country like morocco. it's only recently opened up and there are a lot of bureaucratic hurdles to overcome. Some of my friends who have visited morocco and tried to investigate this issue have come back losing 10 years of their youth!!!! The DIY option is always the best option if things could go smoothly. In the UK, at every stage your investment is protected. There are rules and regulations to cover you in case of any fraud, and systems are in place which enable you to efficiently handle a project. Sadly, that doesn't seem to be the case in morocco. I hope that these issues will be resolved soon, but until then, most of us may have to be satisfied with the off-plan route. Lets be honest, even that does give you a healthy profit if timed right! Octanorm and moroccobound, you guys (or gals as the case may be!) have been a tremendous help in guiding me. I think for the time being, I'm going to give the DIY option a miss and look at some off-plan projects. Octanorm, you did PM me and advised that my budget would not be enough anyway. So definitely the off-plan route is the best option for me now..... Thanks once again for all your advice.