Around 145 buyers caught in an alleged real estate fraud scheme in Palmela, Setúbal, are demanding legal reforms to protect down payments made on housing purchases. The victims, who estimate their collective losses at roughly 15 million euros, called on the government to mandate surety insurance (seguro de caução) on promissory purchase agreements (contrato de promessa de compra e venda). The proposed requirement would ensure that home buyers recover their deposits if property developers go bankrupt or abandon construction projects.
Palmela Property Fraud Victims Demand Mandatory Deposit Insurance
Sunday, 25 October 2026AI summary
