Rixxy said:
I appreciate the views above re Saidia, if you then wanted to resell you will run into difficulties - it seems a great development but at the moment there is no actaul way of getting there and it is very close to the Algerian border in the middle of no-where. If you are ok with a self enclosed resort then fine - be aware you will be competing with hundreds of others if and when you come to sell. Alternatively a regenerating bustling town such as Tangiers offers a wide variety of prospects frontline units with fabulous sea views and a wealth of foreign business puoring money in.
But Saidia is the first Government backed 'plan Azure' project of which there will be 6.
The Plan Azure label will become synonemous with quality and exclusivity. Dont forget these are the 6 projects that the King is involved with, indeed he is forever on site at Saidia hen pecking the builders.
With the Plan Azure sites very significant infrastructure accompanies them.
In terms of resale:
1) There will be 6+ on site COMPETING agents where as the stand alone non Plan Azure sites will have to rely on outside UK and Spannish agents which are involved with hundreds of developments
2) No further building is permitted around Saidia for 15 years
3) The stand alone developments will all be in competition all pretty much the same, where as the Plan Azure resorts will be the Ascots of the Moroccan property scene.
Issues such as health facilities are vital. Saidia will have a very large ON SITE exclusive small hospital. The stand alone resorts will have very very limited facilities so tourists will have to take there chances at the local Moroccan hospital.
GOLF:
Ok many if not all the one off developments mention being close to or next to golf. THIS ISNT THE SAME AS 'IN' THE GOLF.
Saidia owners AND THIER TENANTS get to use 3 top courses which are on - site. They can litteraly tumble out of bed onto the greens - this is a crucial differentiator. Also owners and tenants get to play for 15 euros.
You will find many smaller developments mention golf but in the end nothing will be delivered.
SELF CONTAINED:
Many tourists like the idea of a vast self contained safe proposition. They have busy stresful lives so the thought of touring crowded hot Moroccan cities in search of chintzy ornaments really isnt important.
They want to roll out of bed, take coffee on thier terrace whilst thier kids play on the private beach in complete safety. They want a safe sanctuary away for hussle and bustle.
Dont forget Saidia will have over 20 independant restaurants set around the largest most impressive marina in the Med.
CHEAPER ALTERNATIVES
Buying in the stand alone non Plan Azure sites will be cheaper, but at what cost?
I like to eliminate as much risk as possible so I took the decision its better to be on the Royal backed premium brand developments. Indeed many more exclusive resorts in Spain started more expensive but now the returns are much higher and rental so much more robust than the myriad of small middle of the road developments all competing for attention.
SUMMARY:
For me the Plan Azure label will set apart the 6 Royal resorts and on - going quality and maintenance will be assured. Capital growth and rentals will be clearly reflected. Crucially I will be able to sleep at night better.
