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Off-Plan in Morocco in Saidia
The Deposit In order to secure your property in Saidia, you need to advance an initial holding deposit of £2,000/€3,000 (£7,000/ €10,000 for the Grands Villas Resort) for a maximum period of 14 days. The Stage Payments On exchange of the contracts: 20% (less the initial holding deposit) Construction start (end 2007): 20% Completion (end 2009/early 2010): 60% The Investment: There is a new and exciting concept of investing into a luxurious and holiday home in the Saidia development, in the sense that the investor is offered a leaseback scheme when purchasing a property in the Saidia Resort. The Lease Information Lease agreement: - 9 years, tourist lease-back renewable -Rents payable per annum Delivery: end 2009/early 2010 Minimum annual guaranteed rental return of 4% gross revenue for 3 years Estimated profit share of 7-11% ROI from touristic rental revenue Personal occupancy: 10 weeks for the owners, families and friends.
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