Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 16th July 2020
Home Property Scams Estate agent arrested for property fraud

Estate agent arrested for property fraud

Scam AlertAN estate agent has been arrested on suspicion of defrauding two property buyers out of approximately €290,000.

The estate agent, a 39 year old foreign woman from Paphos, was arrested last Tuesday when she arrived at Larnaca airport aboard an incoming flight.

Two complaints have been filed against the woman, both by foreign nationals. The first involves the purchase of a house in Paphos with an estimated value of €82,000. The victim deposited €79,079, but the Title Deeds of the property in question were never transferred. The second complaint involves another buyer who paid the estate agent around €213,000.

The estate agent appeared before Paphos Magistrates on Wednesday where she was set on bail pending her court case.

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