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Prop Tech Startup BrickVest seeks to cut out specialist funds and banks

In reality, investing in commercial real estate has never been as simple as Monopoly makes it seem. Individuals generally can’t buy directly into commercial property development deals at all. But now U.K. startup BrickVest is seeking to do something vaguely reminiscent -- it’s bringing big-time commercial real estate development direct to Europe’s monied masses. The company officially opens for business today, with a crowd-funding model that will allow individuals to fund projects around the world with as little as a 1,000 euro ($1,114) investment. They can later use the platform to sell their stakes, creating a more transparent and, if all goes according to plan, liquid, market than currently exists for such investments. The company, which is regulated by the U.K.’s Financial Conduct Authority , is hoping to attract deals in the 500,000 pound to 50 million pound range. "Traditionally, commercial real estate investment has suffered from issues around quality, transparen...

Brexit ,purplebricks.com investor, impacts on the property market overall and on aggregate consumption in the economy will be limited.

A paper discussing the United Kingdom’s relationship with Europe and the impact of ‘Brexit’ on the British economy. Britain’s relationship with Europe is of increasing importance to UK investors. It is a complex, emotive and highly political debate – and one that we have been frequently asked to comment on from an investment and economic perspective by our investors. Who are Capital Economics? It is also one that is capturing the imagination of Twitter if the poll that we conducted yesterday is anything to go by. More than 18,000 of you took part, with over half expecting the impact to be negative and only 28% positive. Surprisingly, there isn’t a great deal of objective, independent research on the economic impact of Britain either staying in the EU or coming out. That’s why we commissioned a leading economic research consultancy, Capital Economics , to write a report for us looking at the likely impact of Brexit on the UK, purely from the perspective of economics. We ...

Robert Durst Real Estate develeoper , Indicted on Weapon and Drug Charges in Louisiana

1982 headlines , disappearance in New York property developers wife, Kathleen Durst Real estate heir and murder suspect Robert Durst pleaded guilty to a federal gun charge in New Orleans on Wednesday, setting the stage for his return to California to face charges in the 2000 death of a longtime friend. Durst, 72, could be sentenced to seven years and one month in prison under his plea agreement, followed by three years of supervised release. He was charged with being a felon in possession of a firearm after a search of his New Orleans hotel room last March turned up a handgun. Shackled and wearing an orange jumpsuit, Durst appeared frail and thin at a hearing before U.S. District Judge Kurt Engelhardt. He told the judge that he could not hear well and was taking many medications. Engelhardt set an April 27 sentencing hearing, noting that he hoped to have Durst in California by mid-August. Prosecutors there want him in connection with the 2000 killing of writer Susan B...

How BlockChain may solve fraud in Real Estate property industry #CRE

When a TV documentary from channel 4 aired early this year , it involved under cover reporters , emphasising london's property boom is partly being funded, by overseas buyers, laundering money. Two undercover reporters posed as unscrupulous Russian government official called “Boris” and his mistress “Nastya” whom he wanted to purchase an upmarket property in London for. The couple [featured in video below]– Russian anti-corruption campaigner Roman Borisovich and Ukrainian investigative reporter Natalia Sedletska – viewed five properties ranging in price from £3m to £15m, on the market with five different west London agents, in Kensington, Chelsea and Notting Hill. Despite being made aware they were dealing with ill-gotten gains, the estate agents agreed to continue with a potential purchase. In several instances the estate agents recommended law firms to help a buyer hide his identity. One estate agent named a “very, very good lawyer … the last person I ...