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Less than 3 months ago, I last wrote about my experiences with EstateGuru, so why am I writing again so soon? Because a lot has happened, and unfortunately, nothing positive. While there were 3 projects pending a few months ago, there are now already 43!
That’s quite a lot, and unfortunately, also a significant amount of money. Yes, (almost) everything is secured by a first-ranking entry in the land register, but as experience has shown so far, it can take an eternity for a project to be auctioned and for you to get your money back. To be precise, I don’t even know, because not a single project has been auctioned yet; all are stuck in an endless loop. This is actually quite concerning.
I have initially stopped all new investments until I see that money is actually being returned. At the moment, I wouldn’t recommend EstateGuru for this reason.