Andrew May

Real Estate Investor

Andrew May • ZZP

Jan 2003 - Dec 2025 • 22 yrs 11 mos

Most investors don't lose capital on bad markets. They lose it on one assumption nobody tested; a yield figure that wasn't stress-tested, a regulatory cost that wasn't modelled, an exit pool that doesn't exist when you need it. I've spent 23 years building a personal portfolio across residential and commercial assets in Germany, Dubai, Spain, the UK, and select emerging markets,not as a broker or asset manager, but as the independent analytical layer between a promising opportunity and a capital commitment. 86 acquisitions across multiple cycles including the GFC. Some theses held. Some broke. The ones that broke taught me more than the ones that held, specifically what breaks first when the macro environment turns against you, when the regulatory framework shifts, or when the exit pool is thinner than the marketing suggested. The framework is the same every time: Macro → Jurisdiction → Asset → Granular Data. If something breaks the thesis at any level, that's what you hear first. What makes this different from what a broker, wealth manager, or relocation consultant will tell you: I have no inventory to move, no allocation targets to hit, and no transaction fees at stake. My only incentive is to get the analysis right. 23 years. 86 acquisitions. 14 markets. 4 continents. No brokerage. No commissions. No agenda.