[lady in red]

I had a solicitor go over my contract, there were questions asked about lack of bank guarentees but as I have discovered in Morocco, bank guarentees do not really exist, so it seemed asking for one was irrelevant. My friend bought on Le Jardin de Fleur and the contract looked pretty much the same and she signed that without a bank guarentee, as did many other people.

I remember when she first bought on Le Jardin, over a year ago, she was one of the first to buy, and similar questions were being asked about Property Logic, as this was their first project.

Like a lot of investors who invested in Le jardin de fleur we have made a lot of money on paper and paid our 20% without any work being done.

I see Sunset Beach as a simialr investment, the first of its kind in the area, these always make good investments, and whilst there is a risk, my solicitor was happy, as he felt the money back option was a sound one. I have bought property in several places now, and have signed some real wooly contracts, but I have now also made a lot of money, as I am prepared to take the risk.

I made a desicion last year not to go ahead with a resort in Tangier, called Playa vista, I really regret not going ahead with that, but I was somewhat swayed by chat rooms, and a solicitor who insisted I should have a VEFA contract, I now know these again are rare, but I listened to someone whom I paid £750 for his sound advice and I lost out big time, My friend continued with her sales and recently sold one and made a cool £25,000 profit on selling her frontline apartment. So whilst I do listen the legal beagles, I also research the area and use gut instinct. I have become a bit street wise, at my age as well, I try where possible to speak to the developers or at least the local planning department, it is amazing what you can find out there, and discover who is who in the area, and what else is going through planning consent. This can be quite fun. Hence my descision to continue with SBC and to recommend it to my fellow forum of investors, We call oursleves the OLPC ( Old Ladies Property Club)who are looking for that special property investment for our retirement.

By the way I believe from the original plans that I saw in the planning office that Les Palimiers did not get planning consent as it was 4 strories high and did go up to the extended end of the 15 km. What you must think about is the whole of this area is going to be developed, which will just send these original prices on SBC up quite considerably. I do know that the area about 2 miles towards Casablanca will be released later on this year with similar 2 bedroom apartments starting at about £80,000. How do I know? I know who bought the land.
I am awaiting eagerly, the Emaar release in the Tangier area, does anyone know when this will be released?