| Message | Posted by |
| Brendan, did you take any photos? Be good to see what it is looking like now. | trickyv |
http://www.thepost.ie/breakingnews/business/mhgbsnqlgbau/
sorry this is the link | brendan11 |
| Just back again and still a few weeks to go and the area is being tidied up ,on another note Fedesa which has a lot of building sites in and around Smir has gone belly up,not sure yet if he is our man. | brendan11 |
| News at last.!!!! Habitation licence granted as of today 12th June. Purchasers ( us ) now have 3 months to complete. Other news!!!! Life time aftersales of which we thought we were members appears not to be the case.It seems the annual fee has been discontiuned and replaced by an individual charge for any or each of the items that used to be included.i.e.snagging,cleaning, collection from the airport, or other services. | Paul65 |
Hello all,
Given the stage that PM is at, I am very surprised at the lack of postings on this site.
Has anyone any news?
Any Pics?
Anything?
If so, please do post.
Many thanks,
sunnyguy
| sunnyguy |
| March 31st. completion date has come and gone. We are now heading for at least the end of April. before completion .After that I believe the developer has to obtain the habitation licence which apparently is required after inspection by some officals who confirm that the complex is completed. Has anyone any knowledge of this licence or how long it takes ? | Paul65 |
Hello again,
the good news is
the money has surfaced. It is on route from the Tetouan notary to the Spanish solicitor.
The bad news is
it is going to take 7 to 10 days to make the journey.
Which is rather odd as you can probably do the journey from Tetouan to Spain in car and ferry in a couple of hours!
Perhaps it is having a break and taking a med cruise first.
In comparison I have sent money from the UK to the US in two days or UK to a Bulgarian village in 1 day, so not sure why electronic transactions take so long between Morocco and Spain.
Best regards,
dzs
15th January 2008
| dzs |
Hello,
Happy New Year to you all.
Has anyone had their money back that canceled in September as yet?
I was one of the many that chose to cancel when forced to choose between bank guarantee and penalties. Not only that, but I was sold a beach front apartment with pool and community/childrens area for delivery June 2007.
It looks like what will be supplied is just an apartment in Feb 2008, for the same price.
Well it is 13th Jan 2008 now ( 15 weeks after the contract was canceled ) and I cannot seem to get a straight answer as to where my deposit money is right now.
Notary?
Solicitor?
Developer?
But one thing for sure is it is no longer covered by the bank guarantee that I needed before investing abroad and was assured the development would have.
I find it hard to believe that the Morocan system of controlling exchanges by authorisation takes this long to process a simple cancellation. If it was the proceeds of a sale and tax calculations and witholding tax was involved then maybe it would take a little longer.
But I have yet to find anyone that can justify the length of time.
I wonder who is benefiting from the interest from mine and presumably others deposit monies for the last 4 months? Capital value would be in the Euro hundreds of thousands.
The UK Moroccan embassy is helping me now.
I will post back here when the funds are returned so people can get an idea of the length of time for getting money out Dirhams / Morocco.
Or maybe it is something to do with my team of people working on this. Who knows?
Anyway it will be food for thought for people that are looking to invest.
Best regards,
dzs
13th January 2008 | dzs |
| Latest news from developer on Puerto Marino ,says completion date mid Feb.08 | Paul65 |
HI,
As our Puerto Marina site has been suspended, I assume for the usual reasons!!!!!!!!!!!
perhaps we can continue to use this forum and NOT mention THAT company by name?
That way the good folks at eyeonworldwide should not be faced with legal action?
Thanks,
Sunnyguy.
| sunnyguy |
fyi,
I just had a call from the Morocco office.
It appears the agent has got the developer to do a u turn on the penalties, bank guarantee and cancel decision of September.
If you agree to come back to the fold then you get penalties and the bank guarantee ( as per my understanding of what we should have had anyway ).
I wonder what prompted the u turn?
Still no further news on compensation for the pool we were sold that is now not going to be built.
8th November 2007 | dzs |
Hi, Puerto Marina should now be back on the the MRI site, with some, not so new pics.......... but at least something!
Please also see the Puerto Marina site for more info, ( P432).
Thanks | sunnyguy |
Hi everyone
Has anyone noticed that Marina Puerto development has vanished from MRI's development reports in Morocco? Has anyone any thoughts on the significance of this? | Christina47 |
| just to say that i have deciced to pull out | kishan |
| I have noticed from another forum that quite a lot of buyers have pulled out. Just wondering if there are is anyone using this forum going ahead. | Christina47 |
| it will be in dec/jan08 and thier is no pool that has been confirmed | kishan |
| buying through mri | kishan |
| does anyone now when in december the development will be ready. Also i have heard nothing reference the pool and if it is not happening what is being done as compensation etc. I guess if we all stick together we will have more of a compelling case. Franco | franco |
| Furniture packs Have found a new provide who does morocco and even does an investors option for those looking for rental income contact me on richard@allnewmorocco.com for details prices start from £3500 installed and delivered .. | Gordon Gekko |
HI, please remember to read the entries on the forum for Puerto Marina............. as it is the same place as Marina Puerto!
I wonder if the two can be combined somehow?
The hot topic seems to be the bad news about the pool, and I see that the comment before this one is the content of the statement/email from MRI.
Keep posting! | sunnyguy |
Firstly, the apartments are on track to complete in July as expected without delay.
Secondly, the swimming pool as you state is in the air at the moment. The developer was always putting in a pool to the rear of the apartment block, however, the environmental agency has said there is a natural stream of water on the particular plot of land in question and under Moroccan law, the environment must be protected. This has resulted in the licence application for construction being initially refused. I have been told that the developer intends to take some kind of action to rectify the situation with the authorities to allow the licence to be awarded.
Ultimately, although it is a disapointing situation it has not affected the value of the apartments as the location to the beach is the real investment here and not the pool. It certainly will not affect the rentability of the units for the very same reason as your market here is Moroccan and they are beach lovers, not pool. We can re-sell these units for you should you wish.
I hope this answers most of your questions and appologise on behalf of the developer for the pool situation. If it is any consolation, I can tell you that the cost per square metre in the area now is between 2000 - 2400€. You paid 1400€. The whole area has seen huge growth and your property already has proven to be a great investment. | Gordon Gekko |
yes .Seems to be a problem about a river where the pool was going to be so the local environment agency said no but think developer still trying.Lets hope he is successful.
Trev | teejay |
Hi teejay
Is that true? No pool? We have it in writing that there will be one.
Richard | trickyv |
| just found out there is not going to be a pool.Not good | teejay |
| No update apart from trying to organise mortgage and have been told all on time. | teejay |
Anyone had an update recently?
Are we still on schedule for the apartments, pool and kiddies area to be completed by June 2007?
19/01/2007.
| dzs |
Anyone had an update recently?
Are we still on schedule for the apartments, pool and kiddies area to be completed by June 2007?
19/01/2007.
| dzs |
| ok sounds good then.Will be interesting to see how it develops as hopefully should be ready by June so good for main season. | teejay |
| We bought through MacAnthony Realty. As far as I know we bought the last one. | trickyv |
| if I may ask who did you buy through ? Was told development sold out but still see it advertised | teejay |
| if I may ask who did you buy through ? Was told development sold out but still see it advertised | teejay |
| no not yet - am still waiting | trickyv |
| hi has anyone had any indepth plans yet of development | teejay |