[realestatemart]

Originally Posted by redangel7861

I am an investor in Hania and nothing more or nothing less.

Queenie, not putting my eggs in one basket was meant as not over exposing myself to the moroccan market. I've purchased a two bed penthouse in Marrakech (5 star Atlas golf resort with solarium) and had put down a refundable deposit in a new development in an area called Saidia on the norther Medetranian coast of Morocco. It was a beautiful two bed penthouse with a solarium over looking a golf course, and was going to be on a super resort with over 3,000 luxury apartments and villas and 11 five star hotels. I decided to pull out because the aprtment was over £120,000 and the Saidia reort was a new development that could have taken over 8-10 years to establish itself. I believed there were cheaper alternatives with better capital appreciation in the short term. I've invested in Brazil in a development called Turtle Bay and have turned my attenyion to Eqypt, Harnia beach. My first rule of investment is always put down as little of your own capital as possible and use a dveloper or Bank mortgage where possible.

I did look at regency beach as it did meet my criteria in terms of frontline beach, small development and five star. But there was no mortgage available. Hania are offering 60% mortgage, Frontline beach, Five star developemnt abd an escrow account for investor security. It's also a british developer so payments are made in sterling so not exposed to currency fluctuations.

If you are aware of cheaper developments that are five star with mortgage please let me know.

hi Red
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