Real Estate Scam in Tenerife

Buying a home is one of the biggest investments you will ever make. Sadly, there are people who take advantage of buyers, especially in popular areas like Costa Adeje and Tenerife South.

A recent case in Santa Cruz de Tenerife shows why it’s so important to choose a real estate agency you can trust.

Fraud in a Property Sale in Adeje

A man has been sentenced to one month in prison and ordered to repay €105,000 after taking money from a Russian couple for two duplex apartments and parking spaces in Fañabé, Adeje.

The couple believed they were dealing with an official agent for a new property development. In reality, the man had no permission to sell the homes. He took their deposit and kept it for himself. The victims never received the Tenerife properties they paid for.

How the Fraud Happened

Back in 2007, the apartments were still under construction. The couple paid €105,000 as an advance. The man claimed he passed the money to the developers, but there was no proof. The court confirmed that the funds never reached the construction company.

Fake contracts were signed in a sales office, but the man had no legal authority to do so. Even the signatures were described as scribbles meant to look official.

Why a Good Real Estate Agency Matters

This case is a clear warning for anyone looking to buy Tenerife properties. Without a trusted real estate agency, you risk losing your money. A good agency in Costa Adeje or anywhere in Tenerife South will always:

- Work with full legal authorisation

- Use valid contracts signed by the right people

- Protect your deposit and provide proof of payment

- Guide you through the process with honesty and transparency

Avoid Risk - Work With Professionals

Don’t let a dream home turn into a nightmare. If you are planning to buy in Costa Adeje, Tenerife South, or anywhere on the island, work only with an experienced and reputable real estate agency.

At 4Life Properties, we are here to help you find the best Tenerife properties safely and with full legal security.

Contact us today to start your search with a team you can trust.