Property Investment Companies

There seems to be a dearth of trustworthy property investment companies at the moment. Our email inbox has been inundated with spam recently as property investment companies go belly up and sell their mailing lists to the highest bidder. This seems particularly prevalent amongst the Dubai based companies where the level of desperation is high.

If I have seen a headline stating that a recovery is under way or that prices are about to skyrocket once, I have seen it a thousand times. This is not going to happen and in the unlikely event that a bubble does start forming again, the government Inc will step on it - and hard. They have not finished paying our way out of the last one yet, and the Hong Kong government acted pretty swiftly this week to increased the deposit needed on a luxury property from 30 to 40% after a high ranking Chinese government official paid the highest price ever for an apartment in Asia, causing concern that another bubble was forming. One swallow does not a summer make, but this was pretty aggressive on the part of the authorities.

Still the issue remains of finding a trustworthy property investment company. With the banks in Spain, the USA and a number of other countries holding vast - and I do mean vast - stocks of properties, this is not going to be an issue easily overcome. We recommend taking a good hard look at the fundamentals before making any sort of investment based on a real estate agent's advice right now.

There are too many property investment companies prepared to white wash the truth for comfort and it will probably take another  year or two to weed these bad apples out.