The Bernie Madoff Syndrome

London, UK ( PressReleaseCollection ) January 26, 2009 -Bernie Madoff’s Ponzi scheme offers many lessons for those considering buying “super-prime” property in prime central London. Although homebuyers have not lost money on the same scale, millions of pounds are wasted or lost every year.

“Unfortunately the property market is rigged against buyers.” says Jeremy McGivern, Managing Director of the internationally renowned property search agency, Mercury Homesearch . “Buyers of ‘super-prime’ property are no exception and overseas buyers, who make up 60% of these purchasers, are even more vulnerable.”

The mistakes made by those investing in Madoff’s fund, which apply to homebuyers in Prime Central London, include:

• Following the Herd
• Not Understanding the Market in which They Were Investing
• Relying on Inaccurate or Limited Information
• Failing to obtain independent valuations
• Failing to remember: If Something Looks Too Good To Be True It Probably Is.
• Judging a Book by its Cover
• Ignoring Warren Buffet

For more information on these mistakes and how your readers can avoid them to ensure they acquire the finest residences their money can buy, please contact Jeremy McGivern on +44 (0) 7780 696394.

Jeremy has featured in numerous publications including The Financial Times, The Times, The Daily Telegraph and Spear’s Wealth Management Survey.

Contact:
JEREMY MCGIVERN: +44 (0) 7780 696394
jeremy@mercuryhomesearch.com

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