
15-03-2007, 07:48 PM
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Active Member
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Join Date: Feb 2007
Posts: 13
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casablanca
Quote:
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Originally Posted by andyk2
Best investment/exit strategies are going to depend on how much risk you want to take, how much money (cash/finance) you want to invest, how soon you want to see a return on your investment, what yields you want to see etc. As with every country there are good and bad, and my criteria may be completely different from yours. Would suggest however that safe and secure would cover Oasis Beach & Golf or the Jardin de Fleur Golf Villas, where the exit strategy is straightforward.
In my opinion (and being prepared to get shot down in flames) avoid areas around Tangiers, Rabat, Casablanca, Marrakesh and Tetouan unless they are the kings resorts or Emaar product. My reasoning behind this is that there is a lot of bottom end product being constructed there, which will be great is you are going to holiday there 4 times a year, but, in two years time, will be flooded with buy-to-let and resale property - much the same as has happened in Spain. The kings resorts and Emaar product "should" be the top end of the market and attract the majority of the rental business because of the quality of the build, on-site facilities, marketing etc. Therefore, the "low-end" of the market will not only be over supplied, but unable to attract decent rental yields, and therefore be difficult to resale.
Hope this helps, but it is an opinion (albeit based on historical evidence in Spain) and as I said would be interested to see contrasting views from other forum members.
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Hi andyk2,
you mentioned to avoid areas like Casablanca, unless it is the King's resort or Emaar product - what about the 15km stretch of beach, the so-called official tourism zone where ex-Las Palmiers and Sunset beach are located? or would it be better to go for Emaar's Bahia Bay and the Marina de Casablanca? thanks.
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