South Africa’s property industry says these types of crimes are on the rise

Since the onset of the Covid-19 pandemic the switch to digital and Proptech has accelerated and while it has made it easier to search and shop for property, it coincides with a reported tripling in cybercrime, fraudsters and fake news.

Seeff said tenants, landlords, sellers, buyers and property agents all have to step up their vigilance because fraudsters and scammers are getting smarter. The cost of clicking on a link and accidentally changing your banking passwords or transferring a house deposit to a fake account can be devastating.Seeff highlights some things to beware of:such as dramatic claims or wild statements about how well or bad the market is doing which is often second-hand and distorted could be used to trick you.

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