International real estate market has always been distinguished for its specificity, which is primarily expressed in the lack of harmonized international legal framework. Differences between countries in the demographic, social, economic and finally legal situation are the main sources of so-called legal chaos of global real estate market.
Before the end of the last century, the situation was normal, because the problem of international harmonization of the sale and possession of real estate did not exist. Real estate sale transactions, which included non-residents have not been mass phenomenon.
But in the last 20 years the number of people wishing to have home outside of their country has increased greatly. Without knowing the rules and practices of other countries, non-resident buyers face a multitude of problems, which sometimes lead to sad results.
The market's reaction was instantaneous: specialized companies and private consultants came into being, among them, unfortunately, there are bad actors. What is meant here is a scam.
Fraudsters use various schemes, which intent to make a buyer pay for services that were not provided at all or partially rendered.
This section we devote to this particular problem. We will not only tell you about how to buy real estate abroad, but also will inform you of fraudulent schemes, and about the fraudsters themselves.
We want to make international real estate market more clear and open.
