Foreign buyers transferred deposits. Four real estate employees arrested in Alicante

Spanish police have arrested four employees of real estate agencies in Alicante on suspicion of fraud targeting foreign buyers.

Investigators believe deposits were collected for properties that were either not legally owned by the sellers or were never on the market. Victims transferred substantial sums before any notarial signing.

The investigation remains ongoing. Authorities urged potential victims to file official complaints.

Market context

More than 700,000 property transactions were registered in Spain in 2025. Rapid market growth often correlates with increased fraud attempts.

Economic and document-related crimes have shown a growing trend, with foreign buyers among the most exposed groups.

In several high-profile court cases, losses reached millions of euros. In some instances, private investors lost more than €1 million.

Alicante province remains an active and attractive property market. However, strong activity also creates opportunities for fraudulent schemes.

The main vulnerability remains the lack of independent legal verification before transferring funds.

Stricter oversight of the sector may ultimately strengthen trust in transparent and professional agencies.

Adv: Work only with reliable professionals in the region.

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