Morroco | Zentrica Real Estate Investment Club Blog

Morroco, could be a great point for investors, depends on the place

Morroco could be an interesting point to invest, but not anywhere. Big spanish companies have big problem there. One of the big problems that have the spanish promoters companies is that they are trying to sell final product at european price, without take care of the investors interest, thinking that investors are stupid and they will buy like they have done is Spain.

The difference is that the spanish speculators are mainly local investors and is difficult that the local investor move to different locations and countries that they don´t know to invest with “credibility” companies, the big promoters in Spain is difficult that have credibility for investors, more when they try to sell thinking that the spanish investor is going to re-sell to someone else.

The price that they try to sell to investors is similar to price that the spanish Real Estate Investor is accustomed to pay in Spain, with financial options. This financial options is difficult to have in the same way in other countries, and the promoters are trying to have alliances with banks to offer the product and the financial option, but when you have a price more expensive than 60.000 euros the banks not offer options, because this are usually personal credits with a bigger interest than mortgage credits (not offered today by banks).

Another problem that Spanish promoters are having in Morroco is that they think that having money they have all done, when the Real Estate Market has million of years and there are important cultures like Arabian, Chinese, or others that are doing business in this market for years. A lot of promoters are having actitude problems with local goverments, and this is a very bad point of beginning to do business in a different country ;)

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