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Property scams unearthed in Dubai

Property owners have turned to the police following failed attempts to recoup owed rental funds from at least two Dubai property firms they hired to rent and manage leased property units.

No buyers but soaring prices: A scam called Mumbai realty

Not just buyers, but Mumbai developers too are feeling the pinch of the overheated real estate market owing to poor sales. This is evident as three property exhibitions have been cancelled in Mumbai until further notice.

Fake distressed sellers cheating property buyers in Dubai

Parag Deulgaonkar Emirates 247 30.12.2010
Five Tips For Avoiding Real Estate Scam Artists In Miami-Dade County

​Yesterday, law enforcement officials finally busted the criminals behind one of the most brazen real estate scams in the state that has the second-most cases of mortgage fraud in America. Ayda Young, Yohany Garcia, Zoraida Abreu and Johnny Bou-Nassar were criminally charged in a multiple-count racketeering and grand theft indictment for stealing $2.4 million from 15 victims. After thoroughly reading the indictment, Banana Republican is amazed by the sheer audacity of the racket and the grand stupidity of its victims.

Fake distressed sellers cheating property buyers in Dubai

All property transfers need to be done through the Dubai Land Department, a senior government official has said.

Loan scam may spur private equity funding in real estate

Moumita Bakshi Chatterjee The Hindu Business Line 06.12.2010
British government intervenes to help expats caught in Spanish property scams

The UK government is currently dealing with more than a dozen different action groups made up of disenchanted expats who have lost hundreds of millions in property scams throughout Spain.

Loan scam may spur private equity funding in real estate

With the ‘bribe-for-loan' scam casting a shadow over builders' access to bank lending, real estate funds and private equity (PE) players now sense a business opportunity.

Rise in scams adds to problems for tenants

Chiara Cavaglieri 03.10.2010
Rise in scams adds to problems for tenants

As hundreds of thousands of university students make the mad dash to find rented accommodation for the new academic year, they are warned to watch out for rental scammers and rogue landlords.

Miami Real Estate Investors Charged With Running Scam

A Miami firm promoting Florida real estate investments was actually running a $135 million Ponzi scheme, the Securities and Exchange Commission charged this week.

 
Wily Sunisa and The Grand Property Scam in Jomtien Soi 7

Property in Thailand is probably one of the most lucrative investment arenas, worldwide, with prices almost 1/3 of an equivalent unit in most top Western destinations. This particularly applies to Pattaya where the total value of condos sold leapt from US$12m in H1,2005 to an astounding US$222m in H1,2008 (Bt 392.4m-7,258.33m), with prices rising from US$1,929 prices per square metre (psm) to US$3,264 psm (Bt63,096.51 - 106,767.98). In one case, The Cove topped Bt220,000 psm; the equivalent of top Bangkok prices. Being such a lucrative arena, however, makes the property market highly susceptible to scam merchants, one such we will elaborate on after giving you the background to the Pattaya Property Market.

 
 

 




 
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Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.