Marina Smir, Morocco

[ur avin a laugh]

Hi folks, very well run and informative forum this, one of the best I've seen. I'm about to invest in Morocco and have narrowed it down to Marina Smir area. Nothing against Saida or Atlantic coast but this area seems to have a bit of a head start with existing infrastructure, hotels etc. There are a number of interesting developments down this stretch of the coast and I have been looking at the Fadesa Alkudia Smir development. Has anyone else considered this area and and if so what are your thoughts and conclusions. Thanks

[trent]

Hi There,
Do you have a link to any developers websites in Marina Smir?
Regards
Trent

[ur avin a laugh]

Hi Trent, most the Moroccan players are pushing Mediterranean developments around Tetouan. Try these for starters, although none of them carry any personal recommendation from me.
MoroccanProperty.eu
Property Abroad
Marina Smir Morocco Properties
Morocco-Property.com
Alcudia Smir — La Luz Property


Are you 'avin a laugh?

[trent]

Thanks for that - I will look in more detail this evening.

[Investy]

Marina Smir will be in competition with hundreds of similar developments over the next few years. All pretty indistinguishable from one another.

However, there is only one Plan Azure (The Kings own babies) site on the close to home Med' and thats Saidia which also happens to be the Kings premier Plan Azure showcase resort.

Ive nothing against Smir I just dont think the rentals or growth will stack - up when there are so many other similar propositions.

[ur avin a laugh]

Investy, fair comment but I guess its down to your exit strategy and timing. Plan Azur units are significantly higher priced cos you're paying for the credo and long term infrastructure. I stll think Smir has a lot to offer and much lower gearing if the right development is chosen

[bess]

Have you looked at Kariat Smir? I looked at the site earlier, it is in a good position, they have started work and I am in the process of buying a flat- my solicitors have not found any problems. But any of these investments are a leap in the dark to a certain extent. I think this is a good area however, especially with the nearby large port being built and the tunnel in the future possibly. There will be a need for accomodation for the experts coming to work on these projects, as well as holiday lets. I personally do not find a resort that is holiday only particularly interesting, it is nice experiencing Moroccan life in their towns and enjoying the friendliness of the people.

[ur avin a laugh]

Hi Bess, yes looked Kariat Smir. Smaller and more expensive but still a good location. Morocco is a leap of faith by and large at the moment. Contracts etc leave much to be desired but ....

Are you 'avin a laugh?

[Investy]

Avin

What are the prices at Smir?

A 2 bed 2 bath appartment (110m2+) with garden, good sea views, set right into the golf range and with clubhouse membership (thats a big deal btw) and 10 year build guarantee is about £107000 in Saidia

and remember thats going to put you on a site with three 18 hole golf courses (designed bt Segales), small hospital, designer shopping centre, biggest marina in the Med (by m2), cinemas, small footie stadium, 2 Carrefour supermarkets and exposure to the guests of the 11 on - site 5* hotels with no further private property being allowed for 15 years

[ur avin a laugh]

Investy, yes Ok but the thread was asking about Marina Smir not trying to compare with Saida. 3 bed 2 bath at smir is 115000 EUROS seeing as you asked. To repeat, I've nothing against Saida just wasnt the question I asked.