Macanthony Realty International reviews and complaints

We've just got a client their money back...
We can provide proof of this (unlike some companies out there...) and also anyone else who wants to try and get money back should get in touch and we work on a no win no fee basis. So you've got nothing to lose!
email me at sam.cpcholding@europe.com and I'll make sure we do what we can for you.

Sam

I fully agree with the complaints that have been stated regarding MRI's business practices. We paid thousands of dollars to MRI to provide furntiure for the apartments we purchased off-plan in Spain, as well as for rental management services. They have not delivered any of these goods and services and refuse to respond to repeated inquiries. As US citizens we will pursue your suggestion and seek justice throught their US corporation, if possible.

We had a similar situation in 2007 in Morocco, MRI took a deposit and then a £23, 000 down payment, before saying single females can't get a mortgage, when asked for money back, they said it had been given to devolper not kept in legal holding place! Lost £23, 000

For anybody who has invested money in this project and have lost their faith after the decision of the Judge Beatriz Fernandez to drop the case due to a lack of jurisdiction, it is possible to bring the case in UK and take to court Darragh MacAnthony once and for all.

For anybody who may be affected by this you may contact me for further information.

These guys are bad, very bad. Just ask the 1068 members of the MRI Support Group http://www.mri-sg.org

* Promoting awareness of the many problems buyers may or have faced as a result of sourcing property overseas and especially through MRI Construction (as an agent or as a developer).

* Lobbying for change in the EU to eradicate what is perceive as unfair practices in the International Real Estate industry.

* Bringing together individuals to and raising funds to sponsor Class Action against offending companies in the EU.

Have you lost money through your dealings with MacAnthony Realty International (MRI) Group of Companies?

Just make sure you check the facts, before you make a move forward with Macanthony Realty!

FYI: The Orlando, Florida flagship office on International Drive is now empty. It looks like they have shut down and no (CEO) Dominic Pickering in sight.

Please visit http://www.mri-sg.org for more information on MRI.

We basically bought from second-hand car dealers and vacum cleaner salesmen who re-located to Spain - worked in timeshare, honed their sales tactics and went into 'real estate'. Ocean Estates was another boiler room type operation.

However its our own fault for falling for it. How was buying on the coast of Bulgaria ever going to be an investment? I remember headlines like 'Booming Bulgaria' in the property mags. It was only booming because we plebs were buying there - not because there was any local demand. How were these properties ever going to be filled with tenants or potential buyers? Where was the secondary market ever going to come from? Maybe if we loved Bulgaria it would have made sense to have a home there. But we bought to make "loads a money", which could never happen there (unless of course you're someone like Darragh MacAnthony). It was dumb. Most Brits bought some kind of dream and didn't buy with their heads. I bought simply because it was cheap. But that's not a good reason. Maybe if I had bought a property in a decent up and coming capital like Budapest or Warsaw, or even just locally in the UK would at least have some kind of demand, even if the property dropped in value due to this crisis. Bulgaria is in the EU, but it shouldn't be, its not ready. Of course we have difficulties now. Also the coast now is a long ugly ghost strip. Sunny Beach can have some action in the summer, but outside of the central areas there is nothing.

However MRI and others should of course be held to account for any legal infringements or clear scamming.

MRI are/were crooks. They have disappeared off the scene to the USA. They sold us a holiday apartment. That was the last we heard of them. They used apparently independent financial consultants who were not independent, but run by persons related to the family. They showed us and sold us one apartment, and when the documents came it related to a much smaller inferior one. They sold us a full clean of the apartment. It never materialised. They promised after-sales service ...

Scam. Bring them to justice.

Hi Maji
Sorry a bit late in posting but telling Mugged up not to be stupid is a bit rich! MRI are demanding 66000 euros off me -well the last half plus whatever extra secret costs they pile on, and there are always plenty of them believe me- for a bog standard apartment that isnt even finished, that will have on their own admission NO facilities, and isnt even guaranteed to be built since the Bulgarian Govt is threatening to pull down any that dont have Act16 in about 2 years time. How stupid is it to hand over more of your cash to MRI without a fight? Very very stupid. I agree some people have been able to make deals with the developers. This was where the developers were NOT MRI and in cases where MRI had told investors ths developers were useless in order to get them to transfer their money to an MRI Construction Company development. Crooks, Pikeys? Not a strong enough word to describe them..

Hi Muggedup

Do you mind me asking which development you're involved in in Bansko? MRI have defaulted on certain contracts and I am proceeding against them through the Bulgarian Courts and have already had a hearing to secure my position and prevent MRI dealing with the property. MRI appealed the actions but the appeal was dismissed by the Sofia Court. I too received a letter from their English Lawyers earlier this year which threatened to sue via the English Courts and I told them I would welcome the opportunity to go through our courts as this would give me the opportunity to counter claim... so bring it on. Didn't get a response not surprisingly. My lawyers in Sofia have told me that the Bulgarian Courts have full juristdiction in our case and the English courts could not deal with it. MRI are good at putting the "frightners" on people ... If anyone feels vunerable they should get together with other support group members and get some good legal advice (sharing costs) and fight back.

Hi Muggedup,

I think you will find they are right, I own a property in Almeria Spain and could not complete on my 3 bed penthouse apartment due to the banks removing the mortgage product! They are now pursuing me through the Spanish and UK courts to recover the money and force me to complete. Bulgaria is no different due to it now being a part of the European Community and these new laws fall with EU regualtions. So if I where you I would be careful how you handle this situation and actually work with the developers and not against them.

And it will not take years either, more like a few months. The developers have the rights and the law on their side so be aware, dont be stupid.

Check this web site out, if you want the real scoop on the MacAnthony Realty gang

MRI Support Group - Misled Realty Investors Support Group.

http://mri-sg.org/

we have been invited by mri construction to a meeting in Birmingham or London in August.
This is to discuss the completion of our property in Bansko, we have put down 50% deposit but cannot get a mortgage now for the balance.
A very arrogant and rude man named David Jenn from Mri construction said if we didnt turn up for the meeting we would be taken to court in Bulgaria and then consequently have a judjement against us in the UK to seize our assets. We will probably go to the meeting just tell him what we think of MRI. I can't see how any court in Bulgaria can have any ruling in the UK, plus it will probably take them years to get to court.
Has anyone had any similar conversatiions with MRI regarding property in Bansko?