Property News · July 24, 2019

UK authorities fail to reassure investors in what could be the country’s biggest property scam this year


Investors in holiday homes and student accommodation projects in the United Kingdom have been left disappointed after authorities, including the Serious Fraud Office, failed to provide a satisfactory response in what could be the country’s biggest property scam this year.More than 100 investors are seeking redress from marketing agency Emerging Property and developer and manager A1 Alpha Properties (Leicester). They said A1 Alpha stopped paying them promised rental ­returns of 8 per cent to 10…

Source : South China Morning Post
Read more…UK authorities fail to reassure investors in what could be the country’s biggest property scam this year

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