With the continuing worldwide rush to buy overseas properties and real estate in general, this zine is here to publish what is rumoured to be going on, state some opinion on what might or might not be a good idea to invest in right now...
[more]
With the continuing worldwide rush to buy overseas properties and real estate in general, this zine is here to publish what is rumoured to be going on, state some opinion on what might or might not be a good idea to invest in right now, and generally comment on the industry and the factors effecting it.
Hi Folks! Apologies for our lack of posting of late, however albeit a little slow, we bring the news that our old chums MRI Overseas Property Limited in the UK would have appeared to call it a day! Yup, closed the doors. (Oh no, hold on a minute, the offices they were using are now mysteriously being used by DCC International Property, another property company that happens to have some former MRI directors involved ) Announced it would seem by the infamous Dominic Pickering on the 12/10/2009... Read Full Story
Being a fairly popular blog, we have a reasonable number of subscribers now, amongst which a sizable number are unsurprisingly people from within the industry. One such reader is Chris McCarthy, man behind Viva Estates. We had heard a few stories of a return, and having written about Viva Estates and Chris in the past and him having commented on our musings, we thought we would fire over an e-mail and get some input from the man himself in a bid to get some direct comment from one of the old... Read Full Story
Hi Folks, Hopefully (although unlikely) this will be the final episode in the Bait and Switch series. We say unlikely on the account that there appears to be no limit as to what gets said or done by the "Leading Overseas Property Company" We have our Legal Beagle at the ready as you can see to carefully look at what we write and make sure we are being good. Last week CaboVerde24 had a letter issued to its hosts by MRI's lawyers, demanding that they take down/remove content about them, not... Read Full Story
Well folks, pending the consolidation and final draft of our story on "Strange Bulgaria Seminars" we thought we would wrestle with the very confusing situation regarding VAT on furniture in Bulgaria. So far (that we know of) we can only find a couple of companies that appears to be the cause, and you guessed it, it's MRI, and loosely mentioned are Bulgarian Dreams. Now, as per usual, we need to insert a disclaimer here. Apologies for any boredom it might cause, but it has to be. Investment... Read Full Story
As most of you will have seen in the press by now, Fortuna Estates in it's various guises has been widely reported on by the press in most of Europe, with several bloggers and apparent authorities simply copying and badly translating the El Pais article, each adding some interpretation or another as they go. Now some of that has died down, The Investment Property Rumour Mill brings you the actual story, with many tantalizing connections to the boiler room industry, A world famous arms dealer... Read Full Story
Well after a quite couple of weeks, we return with some relatively positive news for the overseas investment property business, at least for buyers anyway. The NFOPP is extending its free to list portal to overseas agents. For those that aren't aware, the NFOPP (National Federation of Property Professionals) are about as close as it gets to some kind of regulatory body for the property industry. Individuals have to qualify to become members, and adhere to codes of practice. They can be... Read Full Story
A very quick post here tonight folks! It would appear some of our suspicions here at the Investment Property Rumour Mill are starting to gain some momentum after a conversation last night with some good friends in the industry, and also a few phone calls that has bought a couple of things to light. We received a call earlier from someone working at one of the largest developers in the Emirate state (and beyond) claiming mass lay offs of staff were underway! We won't name the company... Read Full Story
Well after last nights rant at the TV we thought it appropriate that we bring you what is possibly the largest farce regarding the investment robbery world. The tale of Inside Track, Instant Access and all its other brothers and sisters. There are numerous reports on all of the companies involved from many sources, so for convenience we will list them at the bottom of this article. The articles mention several companies that all seem to be interwoven like a plot for an Eastenders Christmas... Read Full Story
During the past 12 months we have seen some significant changes going on in the overseas property business, most notably of course the global stock market dives and changes in lending, but the high flying sales business that is investment property has gradually started to alter the way it works. Many new web based companies or "portals" have popped up in the past few years, Properazzi , Lead Galaxy , Property Index and the like to name a few. Not companies you may remember as the public... Read Full Story
Now that the press have blabbed on about it enough, the world is officially in a recession apparently.... Or are we? Not according to Emirates Business Salem Almoosa, Chairman and CEO of Falconcity of Wonders! Last week (20/10/08) we saw possibly one of the most preposterous pieces of PR ever seen come out of the United Arab Emirates. Statements such as "In my opinion prices will never ever go down" and "I believe there will not be a price correction in the market. Who is saying this? I have... Read Full Story
