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Old 06-09-2006, 10:10 AM
logan logan is offline
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Join Date: Aug 2006
Posts: 24
Default Morroco Advice Wanted ? Tanjah

Hello kristopher,
Am in the same position as you I think. Looked at the exchange bond, (which I understand will operate from within the UK & that made me feel more secure). Really like the idea of being so close to Southern Spain - good transport links, it's 5 star , there's no phasing on the build and there are other developments going up around it within a similar time frame - so no noisy cranes etc once built. BUT the development itself will not be stuck out in the wilderness in splendid isolation.

Like you I am looking to hold & with confirmation just received that a mortgage plan will be in place, this allows me the option of holding longer rather than flipping before completion (I hope!).

The payment plan I though innovative & because of the relatively long build time, capital growth is likely to be strong & that's what got me!! I have seen some comments on other website that have been negative about not being able to flip until you've paid 25% which could put the more aggressive investor off, but as I haven't got the time to devote to such revolving door tactics, this suits me fine.

I hasten to add that I am no big important property investor - we have had a place in Turkey for the last 5 years & that has done very well for us & i think that gave us more confidence to take the plunge on Tanjah. Apart from that, you just have to do your research & then go with your instinct in the end - scary eh??
Thanks a lot
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