A must-read guide to protecting your investment
When buying property overseas, excitement can quickly cloud judgment. Scammers know this—and they use it to their advantage. Whether it’s a too-good-to-be-true beachfront villa or a “limited-time” developer deal, real estate fraud is a serious risk for international buyers. But with the right knowledge, you can confidently steer clear of traps.
🔍 1. If It Looks Too Good to Be True, It Probably Is
Be cautious of listings with unusually low prices or luxury properties priced far below market value. Scammers often use these to lure interest quickly, especially in high-demand areas like the Costa del Sol or the Algarve.
🚩 Red Flag: Listings that are vague, overly polished, or push urgency (“only 1 unit left!”).
🧾 2. Always Verify Ownership
Before making any deposit, confirm the seller or agency actually has the legal right to sell. Request the title deed, and verify it with the local land registry office or through a reputable lawyer.
✔️ Tip: Use a bilingual, independent legal advisor—not one recommended by the seller.
🏢 3. Vet the Agent or Developer
Do your homework. Reputable agencies and developers should have a digital footprint, verified business registration, and reviews on platforms like Propertiso.
Ask yourself:
- Do they have a business license?
- Is their office traceable?
- Are they listed in official directories?
💸 4. Be Wary of Unusual Payment Requests
Scammers often request money via untraceable methods like wire transfers to personal accounts, cryptocurrency, or foreign banks unrelated to the project.
🛑 Never send money until legal checks are complete and escrow conditions are verified.
📜 5. Review All Documents with a Legal Professional
Purchase contracts, deeds, and developer guarantees should be reviewed with a legal expert familiar with the local law. Do not rely on translated or simplified versions without reviewing the originals.
📸 6. Don’t Trust Photos Alone
Digital tricks are easy. Always arrange an in-person or live video viewing—especially for new developments or off-plan properties.
🤝 7. Use Verified Platforms
Look for listings on platforms that vet agencies and offer transparency—like Propertiso, where companies go through a verification process, and users can leave public reviews.
✅ Final Checklist: Questions to Ask Before You Buy
- Is the seller or agent verified and licensed?
- Is the title deed clean and checked?
- Has a lawyer reviewed all contracts?
- Is the payment method secure and traceable?
- Have I seen the property myself (or via a trusted representative)?
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