[Investy]

Alfonse

Even in the UK there is nearly always a number of properties on most new developments that remain unsold, however these sell once the place is fully built.

It's no surprise to me that stock reamins unsold on Saidia. I'd explain this in terms simple Human psychology.
It is well documented that even scientists faced with a new idea are very slow to accept it, indeed studies show the bulk of older scientists NEVER accept new ideas as thier subconsious is absolutely 'hooked' into the existing ideas, themselves once new and unlikely seeming.

Property is exactly the same, because Human psychology is exactly the same in terms of how people robotic subconscious controls everything they do, although 99.9% of people would not think this applies to them.

Saidia is a very new destination and currently only for the few who can accept a good degree of uncertainty. The logic underpinning thier brain computation is in my opinion robust and for us early dare devils rewards should be attractive.

Unsold stock may well hang around now until the resort starts being used by en - mass by tourists - it is then that the remaining stock will sell I suspect.

I always come back to basics, when I start to feel jittery;

1) Is demand for tourism growing?
Answer = yes and not just from Brits but from Europe, former Soviet nations and the middle East

2) Is supply of beds keeping pace with Morccan tourism growth?
A = no way according to the official stats

3) What will the end user experience?
A = I think he will be hard pushed to find anything like Saidia. If he wants masses of things to do in a self contained quality enviroment with a beach and reportedly the Meds biggest marina

4) Ask yourself this........ Where can you go right now and get winter sun, within 3 hours and have a large beach, 3 golf courses, massive marina, unrivaled sports and leisure facilities, the use of 11 other 5* developments (for LJDG Clubcard holders), 500 quality shops, medina, western supermarkets, bowling, cinemas, amphitheatres etc etc?

I struggle to find anywhere with this breadth and depth.

5) Renting - It seems to me a great effort has been disharged in order to get the resort to attract year round trade and the fact there will be onsite dedicated rental agents and 11 hotels feeding us with future lets, gives me great confidence.


6) The Kings showcase to the world
How many other developments in the Med would have this kind of impetus and motivation behind them?
A = none