Saturday, Mar 21, 2009
Nice to Know You
Property Week News: Nice Group In Administration
Nice Group , large buy-to-let investor in East London has been put into administration. There was a classic BBC program which followed the directors around London buying up houses and turning them into HMO's. Presumably the protagonists are now less smug.
Posted by jezzer187 @ 01:03 PM (370 views) Add Comment
1 Comment
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1. crunchy said...
The biggest BTLer in Britian (can't remember name) was smart enough to get out on time selling off chuncks of he's property to hedge funds and the like.
He has been quoted as saying if he had got out later it would have cost him 200 million in lost profits.
He was an east end lad with average education but ample common sense. Some people will never GET IT!