| Re: Morocco property prices double in one year
Esmeralda: I once again share your views and your strategy, i.e.
1) one should not rely on holiday rental income.
2) Saidia will have to many similar properties onto the market & if you do not have a large net work to pull in the tourist you will be struggling.
3) The building works are going at a frantic pace to meet the 2010 deadline. I fear for the quality and the finish.
It is for the reasons above is that I believe that in a market cycle like Morocco its better to get the top end development and the best property. When the push comes to shove these development will hold value |