BRIC Group

BRIC Group is a real estate investment company based in various countries including UAE, USA, and China. However, they don’t provide any information about the qualifications of their portfolio managers, have shady customer reviews, and manipulative terms and conditions.

The following BRIC Group review takes a skeptical look at this company. You’ll learn if this real estate investment firm is worth your time or not. Spoiler alert, it’s definitely not. 

BRIC Group – What is it?

BRIC Group claims to be a real estate investment firm. They claim to offer services that make it easier for you to invest in real estate. BRIC Group offers a ton of services and features to its clients. 

But their offered services have many issues. Otherwise, I wouldn’t have written this review at all. 

The managing director of BRIC Group is Dingenis Poppeliers. However, there isn’t any information on Dingenis’s qualifications, experience or skills anywhere. 

BRIC Group hasn’t shared any information on their website about Dingenis apart from his face and name. For an investment consultancy, BRIC Group certainly likes to hide a lot of information from its clients. 

And the same goes for all the other team members working at BRIC Group. Other notable people at the BRIC company are Luke Baudouin, Sara Nogueira, Aida Castany, and others. 

All of these people are senior portfolio managers at the firm, but there’s no information on their experience and qualifications. 

BRIC Group doesn’t give any details about its experts’ qualifications or experience. You can’t know what kind of consultants you’re working with when you choose the BRIC Group. 

This is quite a drawback. Because BRIC Group claims to be an investment consultancy firm. 

When you’re hiring an investment consultant, you’d want to know about their skills and qualifications. 

An inexperienced or unskilled consultant would have a high chance of making mistakes, which would be very expensive for you. You wouldn’t want to risk your finances because of a consultant’s lack of skills or experience. This reason alone is sufficient for me to suggest avoiding the BRIC Group. 

BRIC Group Countries: Where They Operate

BRIC Group was started in the Netherlands in 1996. Since then, they have expanded to various BRIC Group countries including the United Arab Emirates, Spain, Brazil, Hungary, China, and the US. 

They have 12 offices in different countries. Their headquarters is in Nueva Andalucia, Malaga. 

BRIC Group Countries’ office addresses are: 

  • Brasil: Rua Osvaldo Cruz, n.1 salas 1501-1504 Beira Mar Trade Center, 60.125-150, Fortaleza, Ceará, Brasil.
  • Spain (Barcelona): Carrer del Bruc, 21, Principal – 2 A 08010 Barcelona.
  • China: Asheng Building, Room 1203, No. 188 Jiangning Road, Shanghai.
  • Spain (Marbella): Centro de Negocios Puerta de Banus Oficina 39 – Bloque E, 29660 Marbella. 
  • USA: 320 Wilshire Blvd. Casselberry, FL 32707.

If we go by these office names, they have expanded their services substantially over the years. But having multiple offices only doesn’t mean a firm is a client-centric company. 

On top of that, there isn’t any way to verify the different BRIC Group countries’ offices. Third-party business listings don’t reflect BRIC Group’s name when you look up these addresses, which is another red flag. 

This company has resorted to multiple shady tactics to promote itself. And that’s definitely not a good sign. 

The first red flag was the lack of data on their MD and portfolio managers. Are their portfolio managers operating without any certifications? If so, you can’t trust their advice. 

On the other hand, if they are certified, why isn’t the company displaying that information? It puts their credibility in question, regardless of the offices they have. 

As we’ll discuss the different BRIC Group reviews, you’ll find out why this real estate consultancy firm is not the best choice for you. 

BRIC Group Reviews: Suspicious Positive Reviews 

If you’d look up BRIC Group reviews, you wouldn’t find many reviews on this business. For a company that has been operating since 1996, they have very few reviews on their services. 

BRIC Group Reviews on BRIC-Group.com 

You’ll find a dedicated page on BRIC Group’s website that lists out their various BRIC Group reviews. When a company posts its own reviews on its website, you know you can’t trust them.

After all, why would a company share its criticism on its website? 

On BRIC Group’s website, you’d find a ton of BRIC Group reviews that you can’t verify. There are 20+ reviews on their official website, which they claim are from their clients. 

However, there’s no way to verify these reviews. These people don’t give any ratings or share any insights about the company. They only sing praises of the company. 

BRIC Group reviews fake

All you’ll see is a set of random names with long paragraphs praising BRIC Group as the best investment advisory company. There’s no way to know if these are real people or not, you have to take BRIC Group’s word for it. 

For a company that has been operating for 20+ years, they have no single customer that can share a picture of themselves with their testimonials.  Is BRIC Group legit? I don’t think so. 

BRIC Group Reviews on Trustpilot

Trustpilot is a popular review website. However, their credibility has always been in question because of their business model. 

On Trustpilot, BRIC Group has a 3.8 out of 5 stars rating: 

BRIC Group rating

That’s not all. 

The reviews of BRIC Group you’ll see on Trustpilot are quite sketchy. First, they are all 5-star reviews. But they don’t share any specific details about their experience with the company. 

Why am I raising suspicion on BRIC Group’s Trustpilot reviews? 

Because of this: 

As you can see, it’s very easy to get positive reviews on your Trustpilot profile. All you need to do is shell out a few hundred bucks. 

If you’d notice BRIC Group’s reviews on Trustpilot, you’d see they are from accounts that haven’t posted any other review. This means, they created an account solely to post a 5-star review on BRIC Group’s Trustpilot profile. 

BRIC Group reviews

Have you ever created a dedicated social media profile only to post a single 5-star review on a business? Chances are, you haven’t. Because it doesn’t make sense to put in so much effort for a single review.

On the other hand, if someone is paying you to do the same, it would make a lot of sense to create an account and post a 5-star review. 

Due to these reasons, BRIC Group’s positive reviews are quite suspicious. You should read them with a grain of salt. 

BRIC Group Real Estate Consultancy: Shady Terms and Conditions 

BRIC Group is a real estate consultancy firm. They claim to provide you with personal portfolio consultancy that helps you determine which investments match your requirements the best. 

They also help you with in-house compliance and assist you at all stages of the purchase. 

But when you hire a portfolio manager, you hire an expert right? It seems BRIC Group doesn’t trust its portfolio managers itself.

On their website, they have an entire section for their investment portfolio with different investments. 

According to their terms and conditions, you shouldn’t take any information on their website as financial advice. 

Their T&Cs also mention that you can’t hold them liable for their recommended investments. All the decisions you make while following their recommendations, will be on you. 

So, if their portfolio manager recommends you a poor investment, you can’t hold them liable. 

This is certainly a shady tactic. Moreover, the prices of the properties you see on their website can change anytime, according to their T&Cs. This clause gives them another opportunity to scam investors.

Suppose you decide to buy a property through the BRIC Group company. You can’t trust the price you see on the website because it can change anytime. And once the seller knows you’re interested in the property, can’t they increase it at the last minute? 

Would you walk away from that deal if your BRIC portfolio manager is constantly recommending you to buy the property? 

The terms and conditions of this company make it very difficult to trust it. That’s why it would be best to avoid working with them altogether. 

BRIC Group Real Estate: Verdict

BRIC Group has too many red flags for an international real estate investment firm. The company’s terms and conditions put all the liability on the client. Their website gives no information on the qualifications or experience of their portfolio managers. 

Moreover, the positive BRIC Group reviews are too sketchy to trust. 

It would be best to avoid this firm because they are too unreliable. You can easily find a company that offers you real estate investment services without putting you through so many hurdles. 

3.8 Total Score
Not Worth It

BRIC Group is a shady investment firm that provides little to no information about itself. They are using shady tactics to promote their business and are have manipulative terms and conditions. They are not worth the risk.

2.7Expert Score
Honesty & Transparency
2.5
Trust Factor
2.5
Verifiable Customer Experience
3
Market Reputation
2.8
4.9User's score
Honesty & Transparency
4.8
Trust Factor
4.8
Verifiable Customer Experience
4.8
Market Reputation
5.2
PROS
  • None
CONS
  • No information about the experts’ qualifications or experience
  • Shady terms and conditions
  • Suspicious positive reviews
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6 Comments
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  1. 0.6
    Honesty & Transparency
    10
    Trust Factor
    10
    Verifiable Customer Experience
    10
    Market Reputation
    20

    From the looks of their website, BRIC Group is definitely a fraud. If they are real estate investors why don’t share details about their investments? What are th qualifications of their experts? I suspect this company will vanish in a few years after it has scammed enough people in the US and Europe. Or, they will change ownerships like @JOOP’s comment points out lol.

    Helpful(0) Unhelpful(0)You have already voted this
  2. 0.6
    Honesty & Transparency
    10
    Trust Factor
    10
    Verifiable Customer Experience
    10
    Market Reputation
    20

    My grandpa had invested with a Dubai-based real estate company last year and his experience, how should I put it, was horrible to say the least. Those people made him believe he was investing his money into some of the best real estate available in Dubai and Brazil.
    Nevertheless, my grandpa had no idea they were scammers. They took almost all of his savings and were lying about the properties all the time.
    So, when it comes to foreign real estate companies that target customers here, in the US, I have zero trust.
    You need to show me real proof and real properties. I don’t know that company’s name, but I’ll be sure to tell others about this one.
    Beware of these foreign real estate companies people. Not all of them are legit. From the looks of this review, BRIC Group doesn’t seem legit either.

    - CONS: Seems like a scam
    Helpful(0) Unhelpful(0)You have already voted this
  3. 5
    Honesty & Transparency
    100
    Trust Factor
    100
    Verifiable Customer Experience
    100
    Market Reputation
    100

    I purchased with BRIC Group way back in 2011 – Two properties in Florida (Orlando & Tampa) and I have to say I have been handled with nothing but professionalism and transparency.

    The purchase went very smooth through escrow. Fidelity title company. I received my title deeds 4 weeks after closing and have been receiving rental income with tenants from the moment I invested. The property management is great and is very fast and efficient.

    Overall my experience as a client has been first class.
    My portfolio manager is still working at BRIC Group since I purchased so obviously the company are doing something right to keep him.

    Overall my experience as a client is 10/10 –

    Take it from me. A client of over 10 years! Nothing bad to say at all!

    I decided to invest as the company owns all the real estate assets in-house. Projects. Resorts. Apartments. Condos. All in the ownership of BRIC Group – makes it a lot easier if you want a clean / smooth purchase.

    Eddy

    + PROS: A client of over 10 years. Nothing bad to say at all. Honest Reliable Transparent Credible
    Helpful(1) Unhelpful(0)You have already voted this
  4. 1
    Honesty & Transparency
    20
    Trust Factor
    20
    Verifiable Customer Experience
    20
    Market Reputation
    20

    When a company has so many reviews on its own website, you know something’s fishy. I’m surprised Coffeezilla hasn’t covered this group yet. I’m pretty sure he’ll find some very interesting things. Like, how can a company like this justify having manipulative clauses in its TnCs. I’m guessing companies like BRIC Group target retired people or those who are close to retiring age and promise them a “great deal on a foreign property”. Sounds fishy, doesn’t it? Let’s just home Coffee covers this company soon.

    Helpful(0) Unhelpful(1)You have already voted this
  5. 5
    Honesty & Transparency
    100
    Trust Factor
    100
    Verifiable Customer Experience
    100
    Market Reputation
    100

    I have bought true Bric group, I think this comment is not reflecting my experience with them.

    + PROS: Excellent service
    - CONS: None
    Helpful(1) Unhelpful(1)You have already voted this
    • Didn’t know BRIC Group already changed ownership like that. Are you praising your company or insulting it by giving it a 5 star rating and saying that your comment doesn’t reflect your experience with them?? I’m confused.

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