The Spanish Real Estae investors are allured by Morocco

[rowlandsbb]

In the current economic mess perhaps it is best to keep to mainland Spain
Good deals in good locations can be found for you
Less risk
Unless you are an experienced dealer just now buy only for life style reasons and make sure you get a good deal

it might just be getting near to the point where it is worth looking if you are able to buy and want to for full/ part time living or holiday home and get yourself set up for using it in 2009

But keep away from anything outside the established EU...the so called emerging markets will be worse that the established ones for the simple reason that no bank for some time will want to lend to anyone in these spec markets
The established EU market is not expected to start moving again until late 2010...for the rest...well not worth thinking about it!!!

[manor park]

Brian

I agree with your last paragraph.

As for Spain? I am still not sure it has hit rock bottom, I am registered with a few estate agents as I have been thinking of buying in Spain for the last three years but held off as I believed prices were too high.

At the moment, all the emails I get are for price reductions and vendor happy to deal in sterling and there are some good deals but I think when the emails start slowing down, I might start looking closer.

MP

[rowlandsbb]

MP
You are probably only getting e-mails about the poor properties which were probably never in a good location anyway

In times like this you have to look at the best loctions and whilst the deals may not seem on the face of it as good value, medium to long term they are better buys
We never know when the bottom comes!!!
Whilst most who can sit tight and do not sell, this means a lot of the good stuff just does not come on the market...and it is seeking out those that do where you find a good buy in these times
There are developers with good sites who can afford to sit tight also but they have to trade so again there are some good deals here

Now if you are just a dealer then I assume that you know the market and at a time which you like best you will buy but for those buying for life style reasons or a bit of both , then really taking a look just now may well turn out to be a good time...ready for next summer or even in by Xmas!

Yes in theory the value may dip a little [ who knows!] but in the years to come in a good location it will be OK and then there is the enjoyment side

But keep away from the guaranteed rentals, sales at 50% below bank valuation so you can get 100% mortgage, two for the price of one etc etc

May be the odd bargain but in general not so!

[Investy]

rowland

recent scientific research carried out at Berkley indicated the older you are the less able you are to comprehend new ideas and change.

Your assertion that outside EU is a no go because Banks will be less willing to lend, displays a high level of ignorance.

The EU has bloated boom led prices whereas places like Morocco have had no such experience. Morocco has rising GDP and falling unemployment whereas Spain has the opposite.
Spain has masses of competing property whereas the Plan Azure mega developments in Morocco have no competetion.

For the price of an inland villa in Spain, I get an ongolf, on beach on marina in Morocco with large western purpose built hospital in secure devlopment with hugely more sports and leisure facilities than the stuff you peddle in Spain.

Channel Fours 'A Place In the Sun' has just produced a list of the worlds (that WORLDS) best golf developments and Saidia Morocco is mentioned as number 3 and its barely even built yet.

Honestly, try and get out more and streeeetch that brain a litlle. The world is not fixed in aspic - things change. Your impression of Morocco is all wrong.

[Jesus of nazareth]

ramp ramp ramp

rowlandsbb - pay for a premium membership if you want to ramp you cheapskate.

Investy - Editorial has always gone hand in hand with money spent on advertising in print media. A place in the sun must be doing well out of Saidia.

[Investy]

Jesus, one mans ramp is anothers robust debate. How dull would be the world where strong opinions were kept out of debate.
I for one love Punch and Judy politics