Property scams: 'Many people buy homes and pay the deposit without even checking whether the seller is the owner'
A property fraud in Palmela is believed to have affected more than 120 people, causing losses of over €26 million. The case concerns the alleged breach of promissory purchase and sale agreements in several developments in the Palmela municipality. Jorge Silva, President of the Notaries' Association, warns about the importance of registering CPCVs (promissory purchase and sale agreements) to avoid scams. Listen to the podcast here.
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