TANGIER - City Center Apartment's

[misch.chief]

There's some great deals in Tangier. Around a year ago I was talking to guy from Compass and he told me of the great deals...

[Na Fianna]

I have been told by my solicitor that they could not establish good title on the Tangier City Apartment, furthermore it appears that investors are being requested to sign open contracts. My solicitor left the decision to me to sign or not to sign so read below let me know wht you think?

I am now thinking of processing a letter to forward to the Moroccoan Government with a view to highlighting the poor behaviour of the developer and agent of the development. Not for any other purpose than to highlight the fact that the Kings 2010 Plan Azur is being destroyed and so is Morocco's reputation as an investment area by such bad behaviour.


From day one these companies appear to have undermined the trust relationship by refusing to adhere to the legal requests from my Moroccan solicitor in establishing good title. The developer has withheld the information required to bring about a resolution to the problems. They argue and the may have a point, but I don't think so (let me know what you think) they will not refund the reservation because I did not complete and submit the "open contract" they forward to me.

They claim that I have not adhered their requests to sign the contract and I am not entitled to a refund because the property could have been sold in the interm and that my reservation states that I am not entitled to refund after the cooling off period. Legally they have a point!

But here is the interesting thing.

The developer has intrapped investors by designing the contract to either keep your reservation fee.

Or drag us through the long build process.

The developer can walk away from the Tangier city development tomorrow and investors can do nothing about it if you have a clause in your contract in the PRACTICAL EFFECT: 2. states (company name in section). will not be held responsible for any unforeseen delays. In short that leaves the contracts open ended and if completion was summer 2007 they can complete in 2020 once you have entered their contract so it appears.

(1) If there is no new completion date given this means the development can drag on for years regardless of what you are told.


(2) In my contract the description of the property being purchased is unclear again another problem, it has been highlighted to me that indicates that the legal department is unsure of what property I am actually purchasing because the contract does not specifiy correctly in its wording. MIGHT BE DIFFERENT FOR YOU FOLKS NOT SURE.


(3) Did any of you recive the full plans to the development with your contract. I have not received the plans to the development or the apartment I am purchasing. Did everyone get their plans with their contract?
Again how can something be legally registered if you have no set boundries with your plans. (Problamatic?)

Did anyone esle encounter these problems? (Just to make it clear that I have no axe to grind with the developer or the agent. Niether am I an agent using the forum for proganda usage). But I now suspect that the delay in the completion date for example might be due more to the ownership of the land on which the development is being constructed. If good title cannot be established legally this often indicates that the developer can not pass on what he does not own? Not sure but I think I might have to cut my losses what do you's think?

[sdvpm]

.

Originally Posted by Na Fianna

I have been told by my solicitor that they could not establish good title on the Tangier City Apartment, furthermore it appears that investors are being requested to sign open contracts. My solicitor left the decision to me to sign or not to sign so read below let me know wht you think?

I am now thinking of processing a letter to forward to the Moroccoan Government with a view to highlighting the poor behaviour of the developer and agent of the development. Not for any other purpose than to highlight the fact that the Kings 2010 Plan Azur is being destroyed and so is Morocco's reputation as an investment area by such bad behaviour.


From day one these companies appear to have undermined the trust relationship by refusing to adhere to the legal requests from my Moroccan solicitor in establishing good title. The developer has withheld the information required to bring about a resolution to the problems. They argue and the may have a point, but I don't think so (let me know what you think) they will not refund the reservation because I did not complete and submit the "open contract" they forward to me.

They claim that I have not adhered their requests to sign the contract and I am not entitled to a refund because the property could have been sold in the interm and that my reservation states that I am not entitled to refund after the cooling off period. Legally they have a point!

But here is the interesting thing.

The developer has intrapped investors by designing the contract to either keep your reservation fee.

Or drag us through the long build process.

The developer can walk away from the Tangier city development tomorrow and investors can do nothing about it if you have a clause in your contract in the PRACTICAL EFFECT: 2. states (company name in section). will not be held responsible for any unforeseen delays. In short that leaves the contracts open ended and if completion was summer 2007 they can complete in 2020 once you have entered their contract so it appears.

(1) If there is no new completion date given this means the development can drag on for years regardless of what you are told.


(2) In my contract the description of the property being purchased is unclear again another problem, it has been highlighted to me that indicates that the legal department is unsure of what property I am actually purchasing because the contract does not specifiy correctly in its wording. MIGHT BE DIFFERENT FOR YOU FOLKS NOT SURE.


(3) Did any of you recive the full plans to the development with your contract. I have not received the plans to the development or the apartment I am purchasing. Did everyone get their plans with their contract?
Again how can something be legally registered if you have no set boundries with your plans. (Problamatic?)

Did anyone esle encounter these problems? (Just to make it clear that I have no axe to grind with the developer or the agent. Niether am I an agent using the forum for proganda usage). But I now suspect that the delay in the completion date for example might be due more to the ownership of the land on which the development is being constructed. If good title cannot be established legally this often indicates that the developer can not pass on what he does not own? Not sure but I think I might have to cut my losses what do you's think?

Hi,

There are 6 blocks of apartments ours is the last to be completed in upto 3 months.
The last time I visited the other 4/5 where inhabited. I will assume that they have the title deeds in place.
It may take longer for our block because I think there was a delay in getting the habitable licence.
The developers need to complete the appts as soon as possible to get the remaining 50-70% completion money.
I am not too worried, but very frustrated all the same.

[Tangier]

I i am from the Uk and have now sold my property in Tangier tell you what i will never buy here again its a pain in the ass / waite till you come to sell your property you must hold it for 8yrs or you pay 20% tax when i had mine it was 5yrs- you think buying is had selling is even better i have been here 5yrs soon to goooo. the agents tell you that its a place to invest but hope you all have better luck then me.

[MoroccoInvestor]

Originally Posted by Na Fianna

I have been told by my solicitor that they could not establish good title on the Tangier City Apartment, furthermore it appears that investors are being requested to sign open contracts. My solicitor left the decision to me to sign or not to sign so read below let me know wht you think?

I am now thinking of processing a letter to forward to the Moroccoan Government with a view to highlighting the poor behaviour of the developer and agent of the development. Not for any other purpose than to highlight the fact that the Kings 2010 Plan Azur is being destroyed and so is Morocco's reputation as an investment area by such bad behaviour.


From day one these companies appear to have undermined the trust relationship by refusing to adhere to the legal requests from my Moroccan solicitor in establishing good title. The developer has withheld the information required to bring about a resolution to the problems. They argue and the may have a point, but I don't think so (let me know what you think) they will not refund the reservation because I did not complete and submit the "open contract" they forward to me.

They claim that I have not adhered their requests to sign the contract and I am not entitled to a refund because the property could have been sold in the interm and that my reservation states that I am not entitled to refund after the cooling off period. Legally they have a point!

But here is the interesting thing.

The developer has intrapped investors by designing the contract to either keep your reservation fee.

Or drag us through the long build process.

The developer can walk away from the Tangier city development tomorrow and investors can do nothing about it if you have a clause in your contract in the PRACTICAL EFFECT: 2. states (company name in section). will not be held responsible for any unforeseen delays. In short that leaves the contracts open ended and if completion was summer 2007 they can complete in 2020 once you have entered their contract so it appears.

(1) If there is no new completion date given this means the development can drag on for years regardless of what you are told.


(2) In my contract the description of the property being purchased is unclear again another problem, it has been highlighted to me that indicates that the legal department is unsure of what property I am actually purchasing because the contract does not specifiy correctly in its wording. MIGHT BE DIFFERENT FOR YOU FOLKS NOT SURE.


(3) Did any of you recive the full plans to the development with your contract. I have not received the plans to the development or the apartment I am purchasing. Did everyone get their plans with their contract?
Again how can something be legally registered if you have no set boundries with your plans. (Problamatic?)

Did anyone esle encounter these problems? (Just to make it clear that I have no axe to grind with the developer or the agent. Niether am I an agent using the forum for proganda usage). But I now suspect that the delay in the completion date for example might be due more to the ownership of the land on which the development is being constructed. If good title cannot be established legally this often indicates that the developer can not pass on what he does not own? Not sure but I think I might have to cut my losses what do you's think?

Hi,

Its disturbing to read Na Fianna’s reply above. I wish to god i had used the same solicitor as Na Fianna. I am losing faith altogether with this development. I have had no update from Siroco Estates on what’s happening. Last spoke to them in May and at the time they were saying it will be complete in couple of months. We are nearly in Sep and nothing yet. We have paid over £32k already in deposit for two apartments and there is no sign of completion. My business partner is going over again to see the progress on the 25th August. Will let you know what he has to say. Na Fianna if you are writing to the Moroccan government let me know and I too was thinking of doing the same.

[Tangier]

I told you this company call me 3 times a week trying to get me to buy a apartment there but told them its not a place that i would live not alone live there thay have even offerd me 1 apartment a penthouse for less that 30,000euros never would i live there.

All the agents tell you this block is the bust buy in tangier but look at where it is
1st, the builders are haveing the same prob as in Spain England France if you buy offplan thay dont have to complet the building. There are a number of buildings left as thay cant sell the apartments the thing that Moroccans are doing is buy a apartment offplan say with 3000euros then hope to flip the property befor thay compleat the apartments but now thay cant sell as the property buyers are drying up no one is buying in the last 4months 6 agents selling property in tangier have closed. what will that tell you.

Ps one more there is 1 price for Moroccans and 1 price for us.

[sdvpm]

Originally Posted by Tangier

I told you this company call me 3 times a week trying to get me to buy a apartment there but told them its not a place that i would live not alone live there thay have even offerd me 1 apartment a penthouse for less that 30,000euros never would i live there.

All the agents tell you this block is the bust buy in tangier but look at where it is
1st, the builders are haveing the same prob as in Spain England France if you buy offplan thay dont have to complet the building. There are a number of buildings left as thay cant sell the apartments the thing that Moroccans are doing is buy a apartment offplan say with 3000euros then hope to flip the property befor thay compleat the apartments but now thay cant sell as the property buyers are drying up no one is buying in the last 4months 6 agents selling property in tangier have closed. what will that tell you.

Ps one more there is 1 price for Moroccans and 1 price for us.

Sorry but you are talking absolute rubish as is Nia fania.

Nia looks peeved that she cant get her deposit back and your just talking sh*te. especially about where I have bought as I have been there on many occasions and will be a sound investment.
The apartments are finished and awaiting title deeds. This has been the hold up. Block 5 has just been granted the title deeds and we are waiting for our block 6 to be processed.
Its Morocco not London

[Tangier]

Originally Posted by sdvpm

Sorry but you are talking absolute rubish as is Nia fania.

Nia looks peeved that she cant get her deposit back and your just talking sh*te. especially about where I have bought as I have been there on many occasions and will be a sound investment.
The apartments are finished and awaiting title deeds. This has been the hold up. Block 5 has just been granted the title deeds and we are waiting for our block 6 to be processed.
Its Morocco not London

HA HA LOOK AS I SAID GOOD LUCK TO YOU IF YOU ARE HAPPY THEN WHAT CN I SAY.

I HAVE LIVED IN TANGIER FOR THE PAST 5YRS I HAVE BEEN THERE FROM THE START OF THE BUILD- THIS IS NOW THE SUMMER AND ITS FULL OF mOROCCANS NOT SAYING THAT IS WRONG BUT ITS NOT A PLACE I WOULD LIVE BUT LIKE YOU SAID YOU KNOW THE PLACE WELL / I WOULD NOT EVEN WALK THERE AFTER DARK.

GOOD LUCK

PS THE ONLY PRESONS THAT POST AND REPLY HERE ABOUT THE PROPERTYS ARE THE AGENTS SELLING ???

I THINK YOU ARE TALKING THE SH-T NOT ME U JUST COME AND GO AFTER A FEW DAYS COME AND STAY FOR A FEW MONTHS

[sdvpm]

Originally Posted by tangier

ha ha look as i said good luck to you if you are happy then what cn i say.

I have lived in tangier for the past 5yrs i have been there from the start of the build- this is now the summer and its full of moroccans not saying that is wrong but its not a place i would live but like you said you know the place well / i would not even walk there after dark.

Good luck

ps the only presons that post and reply here about the propertys are the agents selling ???

I think you are talking the sh-t not me u just come and go after a few days come and stay for a few months

so, just as i thought you are a selling agent.

1) tangiers city - full of moroccans, whatever next
2) you were offered a penthouse for 30,000 euros, yeah right
3)scared after dark, get a night light
4) you are talking sh*te,people who know me on this board know i'm not a selling agent.

Good luck, i hope u get a few sales for your new developments in afganistan.

[Tangier]

Originally Posted by sdvpm

so, just as i thought you are a selling agent.

1) tangiers city - full of moroccans, whatever next
2) you were offered a penthouse for 30,000 euros, yeah right
3)scared after dark, get a night light
4) you are talking sh*te,people who know me on this board know i'm not a selling agent.

Good luck, i hope u get a few sales for your new developments in afganistan.

Thats right 100%.
I sold my Property last year would NEVER BUY in that place.
I have nothing to sell.
I Looked at the apartments from Block 1 now block 6.
NO Lifts in the blocks.
What are you on....
I have not put 1 add on this page for sale-LETS see what you get for your property when its for sale in 5-6yrs.
As i said before i have lived in tangies for over 5yrs been comeing for the last 22yrs what about just a holiday with a hope to buy make a bit of money on the side i think its you that is the agent not me its you that said that thay are a good buy not me.
The Blocks are Moroccan houseing.
For what you paid i would have got a viller with a pool and room for a pony in Spain not Tangier.

But there you are a pony full of Sh*t.

LET ME TELL ANYONE THAT WANTS TO BUY ANY THING IN TANGIER DO YOUR HOMEWORK 1ST. ITS NOT EASY TO SELL IN MOROCCO GET ANYTHING WITH A VIEW ITS WORTH EVERY PENNY NOT OF THE NEW TRAIN STATION AND A SH*TY RIVER.