Protecting Yourself From Property Scams

Keeping you and your money safe is our top priority, and we have stringent safeguarding measures in place to help protect all our customers. But there are also steps you need to take to protect yourself from fraud.

To help you identify potential scams and stay safe, we're publishing a series of articles on fraud protection. This article looks at how to protect yourself from property scams.

What is a property scam?

Property scams are a type of fraud where scammers deceive buyers into making payments for property deals that are misleading, overpriced or entirely fake. These scams often involve promises of high returns, exclusive investment opportunities or a dream home abroad. When purchasing a home overseas, criminals know that buyers are often unfamiliar with local laws, rely heavily on digital communication and are under pressure to make quick decisions. These factors create the perfect storm for fraud.