Quote:
Originally Posted by Lsab
Hi Lou,
Zorba won't be able to PM you until he's an 'active member' - that goes into effect after about half a dozen good posts.
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Thanks Lou,
I need to do a little bit more analysis on this, but basically the major question for me is security of the off-plan investment.
I've briefly looked at IPI website and they seem to be still a relatively young developer. Within the current tough times on credit markets it doesn't take long for developers to go into financial difficulties... (for example latest news on giants like Barrat in the UK...)
Marsa project seems to be very large and done in parallel with Zafarana project, which raises the question whether the developer is not overstretching himself... Have you done proper due-diligence on finances etc.? Is there any payment protection scheme like bank guarantees or escrow agents for this development?
Best Regards,
Zorba