buyer be beware
Hello Friends,
I invested in Dubai via an agent with a deposit of ?12k. After some time we realized that the agent had told a few untruths. I.e. mortgages are not easy to come by, interest rates are high and that the freehold was in question (now resolved). We were also told that we could sell on before the property was built-again false information. We are now in a court battle trying to recover our deposit. My point is that whilst overseas property can be lucrative, one should be very careful. My advice would be as always buyer beware and do not go through any agents.
Good luck
Nelson
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