Search results

  1. SaidiaSpy

    SaidiaSpy reports on Med-Saida - all developments

    Latest update Oh dear. I had reason to be in Saidia on Saturday. This is what I found: 1) The road outside AP6 is still spewing raw sewerage in to the road. The smell is nauseating. 2) AP6 itself had no water. Ironic? Related to point 1 above? 3) AP2 had no electricity. 4) The...
  2. SaidiaSpy

    Hi and congrats on seemingly getting money back off GFM. Could you please tell me exactly how...

    Hi and congrats on seemingly getting money back off GFM. Could you please tell me exactly how you did this so that I can help other people do the same? Anything you care to share can only be of benefit to others. I look forward to hearing from you. Saidia Spy PS. I'm as amazed as...
  3. SaidiaSpy

    SaidiaSpy reports on Med-Saida - all developments

    Ho hum, we trundle along... In a blow to the resort, Saidia Holiday Rentals have announced that they will be closing down at the end of this month. They were the biggest, best and most honest short-term rentals agents on the resort by far. They have cited the unsustainable viability of the...
  4. SaidiaSpy

    Withdrawing Receipts From Rental Income

    RedAngel, I hope whoever you that is around when you want to sell. The theory is this: if the amount of foreign exchange involved is less than €200k, then after filling in a series of forms and chasing people up, after some time, your monies can be repatriated. If the amount involved is...
  5. SaidiaSpy

    Withdrawing Receipts From Rental Income

    RedAngel, Should you not have asked that question at the time of buying? Saidia Spy
  6. SaidiaSpy

    Withdrawing Receipts From Rental Income

    Hi Mark What you have been told is correct. Morocco, like most 3rd World countries has exchange control. You can NOT have your property's mortgage serviced by its rental income - legally. You HAVE TO send foreign exchange in to service the debt. Many people have made the mistake of buying a...
  7. SaidiaSpy

    SaidiaSpy reports on Med-Saida - all developments

    Just a quick reply and update... 1) Mitch, YES, class action lawsuits are very common in Morocco. However, they tend to be fruitless victories. If the loser appeals, this can take up to a year to resolve. So as a stalling tactic, appeals are just as common. The loser, usually the property...
  8. SaidiaSpy

    SaidiaSpy reports on Med-Saida - all developments

    A couple of points of note and interest. 1) The problems that Paris Oujda (PO) have been causing have got me thinking. Why are they doing this, essentially upsetting owners and workers alike? Can it be that they want to get thrown off the resort because they've realised that they're out of...
  9. SaidiaSpy

    SaidiaSpy reports on Med-Saida - all developments

    Oh dear. It seems Paris Oujda are being prats again. Here's their latest howler: Latest news from Saidia - a.k.a. the SaidiaHolidayRentals blog No resort needs this.
  10. SaidiaSpy

    Saidia (The Greens) rental incomes and occupancy

    Mr Ri, you can sit in North Carolina and pontificate on the theoretical make-up of buyers on the resort as much as you want. You haven't been on the resort in almost 2 years. I have met the vast majority of buyers on the resort, across all the developers. I would say that 90% on Azur are...
  11. SaidiaSpy

    SaidiaSpy reports on Med-Saida - all developments

    From my latest trip out to Saidia I can share the following: POSITIVES: 1) There are more restaurants and shops open in the medina next to the marina. 2) The golf course is open, its restaurant is good and the course itself is excellent. Bit tricky to play though. Still no pro shop and balls...
  12. SaidiaSpy

    Saidia (The Greens) rental incomes and occupancy

    Doylie, I take no pleasure from people suffering. However, sometimes it is necessary to suffer - we learn more from our defeats than from our victories. Buying off-plan comes with a discount because there is a risk premium involved. Due diligence is required to weigh up whether or not the...
  13. SaidiaSpy

    Failure to get cancellation money back

    Christine, the courts of law in Morocco are joke. The only way you will get redress is if you (and others) manage to get a letter to the King of Morocco. I'm not going to get in to a debate on this - this approach is the ONLY one that will work. Anything else is a waste of time. SaidiaSpy
  14. SaidiaSpy

    Saidia (The Greens) rental incomes and occupancy

    Would anybody buy a property in the UK without seeing it? Why have so many people done exactly that - not see it for themselves in Morocco? Why do people, who would spend months researching a gadget, spend years of hard-earned income speculating in property abroad - without doing their...
  15. SaidiaSpy

    Saidia Property purchase issues

    There is another twist in this seemingly never-ending saga coming...
  16. SaidiaSpy

    Saidia (The Greens) rental incomes and occupancy

    Doylie, you need to consider a few factors that are general and some that are specific to your plot: 1) Consider the maturity of the development (i.e. grounds, unsnagged properties, other unknowns because it is new, etc.) How long before it is really lettable? Getting snags fixed in Morocco...
  17. SaidiaSpy

    Barcelo's gone missing

    Mr Ri's was an old post. Things have changed today in Saidia. Go to Barcelo site -> Select 'Morocco' from dropdown -> Select 'Saidia' You can make bookings from today. However, there is still a small army of workmen on site, so it might be a bit noisy. The kitchen staff from the Barcelo...
  18. SaidiaSpy

    SaidiaSpy reports on Med-Saida - all developments

    Some good news at last. The AP6 owners voted in a management company of their choosing. Well done AP6. That plot now has a chance at showing how things should be done. Owners will be rewarded by having people visiting the resort wanting to rent, vacation or own on AP6 because it should turn...
  19. SaidiaSpy

    SaidiaSpy reports on Med-Saida - all developments

    Iba, all contributions are valuable because they raise the level of knowledge and improve standards. Firstly, I must correct you on one very important point. Proxy voting IS possible. The cd that GFM sent out has this form on it. However, it is in French. I know that few people on AP2 are...
  20. SaidiaSpy

    Jardin de la Fleur- Your help / mis-adviced

    This past weekend the first of the Magnum (RT1) apartments built by Fadesa (GFM) were handed over to their owners. They were told the RT stipulation no longer applies. I hope they got that in writing. The handover was to a Spanish pressure-group of about 20 owners who came to an arrangement...
Top