has a really good track record when it comes to bad debt recovery and so far no project has caused a loss to investors. But that might change because of EstateGuru’s adviser and minority shareholder (0.1%) Mihkel Roosme.
Inflated valuation for "Zīļu iela 10, Rīga" project that is now in default?
15.04.2019: 296k EUR (valuation by SIA Balsts Expert)
31.07.2020: 70.5k EUR (valuation by VCG EKSPERTU GRUPA SIA for forced sale)
Change in valuation: -76%