Landlords Lament ; All 49 Flats in This Block in Manchester Are Owned by Amateur Investors - 37 of Them Thanks to One Property Club. Now It Is Feared That Their Value has Slumped by Half - or Worse - in Four Years

Mail on Sunday › March 16, 2008

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Summary

THE get-rich-quick advertising of property investment club Inside Track has persuaded more than 100,000 people to attend seminars in the past few years. But profits at the privately owned club, which are generated mainly by recommending newly built properties to feepaying members, are sliding. And the number of people prepared to sign up for its Pounds 2,500-a-time seminars has plunged.

The firm, Britain's biggest property club, last week axed 44 staff and announced it would cease offering free taster seminars held at hotels and conference centres.

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Landlords Lament ; All 49 Flats in This Block in Manchester Are Owned by Amateur Investors - 37 of Them Thanks to One Property Club. Now It Is Feared That Their Value has Slumped by Half - or Worse - in Four Years

But it is not just Inside Track that is suffering - so are some of its clients. Falling property values, a shortage of tenants and an oversupply of certain types of homes mean some landlords are losing money fast. Lenders are even tu...

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