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What's really happening in the real estate world in Spain? The EOS Team are going to be keeping you up to date with everything that's happening from a market perspective.

Darragh MacAnthony’s US dream in trouble
Monday, February 21, 2011 @ 2:16 PM

The Olive Press can reveal that one of the beleaguered mogul’s company’s, MRI Property International, based in Florida, has closed down.

And at least one property scheme linked to MRI is being probed by the Florida State Attorney.

The development in question, Los Jardines Del Sol, was offered to British buyers as an off-plan investment despite apparently not having planning permission.

Prosecutor Stephen Menge told the Olive Press: “We have had a lot of complaints about Los Jardines Del Sol and our investigation is continuing.”

One buyer Denise Cutler revealed how she had lost her life savings in the development promoted by MRI.

She was taken on a buyers trip to Florida by the company in 2005 and persuaded to invest 70,000 euros in a luxury home which never materialised.

“We were told that there were only two houses left and if we did not sign there and then we would miss out and the prices would going to go up,” she said.

Read more...



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2 Comments


Sandra said:
Monday, February 21, 2011 @ 2:29 PM

'Darragh MacAnthony’s US dream in trouble'

What goes round comes around.


Sandra said:
Monday, February 21, 2011 @ 3:45 PM

'Darragh MacAnthony’s US dream in trouble'

What goes round comes around.


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