Property club investors due compensation

Andrew Callen, partner at Powell Callen, claims that although property clubs are not party to a contract of purchase, they do still hold some responsibility under the law of agency. Property Clubs have become popular over the last decade as house prices have increased rapidly in many parts of the world, but Callen says many have over-promised and under-delivered, with investors losing out on millions. “Investors have experienced huge losses as a consequence of investing in properties via property clubs and organisations and now face sleepless nights worrying on the basis that promises mad...