The glittering dream of property investment continues to tarnish for many of the hopeful 'dream catchers' who were blinded by the never ending upward surge of the property market.
Guaranteed rental income lured hundreds of wannabe property investors into new developments in the North West that have never been built.
One such dream provider, Dylan Harvey Residential Ltd (DHR), which is part of the Dylan Harvey Group, went into administration two weeks ago with debts of £100 million.
This has left 500 property investors without a property and without their cash deposits, of up to £20,000. Nightmare!
Many are uncertain as to whether they will be refunded any money after the collapse.
Dreams can come true, but often they don't..... Life hurts,.. I'm off for a snooze.
Read the full article in the Times
Buying off-plan development tips
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