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Home Page > PROPERTIES FOR SALE > Morocco Properties > 1 - Bed Apartment/Flat for Sale in Saidia (Ref: 16489)

1 - Bed Apartment/Flat for Sale in Saidia (Ref: 16489)

1 - Bed Apartment/Flat for Sale in Saidia (Ref: 16489)
Country: Morocco
Province: Med Coast
Price: 85,955
Availability: Available: Yes
Description
This development of 254 residential apartments is situated on the stunning Mediterrania Saidia resort on the beautiful Med coast of Morocco. The Mediterrania Saidia resort is 1of King Mohammeds 6 planned luxury resorts along both the Med and Atlantic coasts.  The resorts are designed to drastically increase tourism throughout Morocco and are the basis of the so called "Vision 2010". Mediterrania Saidia is the only resort located on the Med coast and is seen as the Jewel of the Kings "Vision 2010" overall plan. The Med based resort is also the most advanced of all the 6 planned resorts with construction well underway on may internal projects. Investors are excited about Morocco as they can see the potential ROI that property purchased here at this stage can offer, in addition rental potential with quality property is expected to be high especially initially on the Med coast as it is able to utlilize the existing communication structure enjoyed by the South of Spain. The Apartments in the Tasa Mediterranea Saidia AP-1 are constructed to a high quality and consist of 1 - 3 bed duplex apartments. Financials Reservation fee: 1.000 + 14% TVA required immediately to reserve the unit and freeze price. Deposit: 10% (+14% T.V.A)10% After 1 year (+14% T.V.A) 10% After 2 years (+14% T.V.A)10% (+14% T.V.A) prior to signing the contract60% (+14% T.V.A) on contract Finance Q&A Q: Is it possible to obtain a mortgage as a non-resident in Morocco?A: Yes. Moroccan banks sometimes lend up to 100% of the purchase price, although 60% is more standard. Please speak to an advisor for advice. Q: What is the local currency?A: The currency of Morocco is the Dirham (DRH) Q: Shall I need a bank account in Morocco?A: You will indeed, arrangements can be made on your behalf locally. Q: How can I transfer money to Morocco?A: You can use your own bank or money transfer broker. Additional Costs: You should budget for about 5% to 6% over the purchase price (+14% TVA) to cover: Stamp Duty                2.5%Legal fees                  1.1%Notary fees                0.5%Land registry             1.5-2%Dispatch fees            about 500 DRh or 30Misc (certificates)     about 500 DRh or 30 Reasons Why Tasa Mediterranea Saidia AP-1 Is A Good Investment: Current capital growth in Moroccan property of between 15 30% per annum. Minimum 60% mortgages available. Amazing value. Highest Quality standards on all units, finishes and furnishings, fixtures and fittings. A safe and secure investment. Being within a Kings Resort, a government guarantee is in place with the absence of Bank Guarantees in Morocco. Desirable location in an area of outstanding natural beauty. Easy access to the greatly expended Oujda International airport, only 30 minutes away. Increased low-cost flights available due to the Open Skies Agreement. Local amenities on site, including shopping centre, Marina, 3 Golf Courses, Luxury hotels, Beach clubs, health spa, gymnasium, medical clinics, a variety of sports facilities and lots more. No capital gains tax to family. The Governments Vision 2010 is due to vastly increase tourism in Morocco, boosting the economy and property prices in general.  By completion in mid 2009, your property will be well-placed to ben

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