New scam when looking for an apartment in Berlin - financial expert warns of legitimation procedures!

New scam when looking for an apartment in Berlin - financial expert warns of legitimation procedures!

According to a report by www.berliner-zeitung.de, criminals have developed a new scam to deceive tenants when looking for an apartment in Berlin. The ING-Diba Bank warns in an information to its customers that more and more interested parties in the greater Berlin area are being asked to verify themselves via an authentication process in order to be invited to a viewing appointment that is supposedly automatically assigned.

This scam can have far-reaching effects on the real estate market in Berlin. Potential tenants could fall victim to financial loss as a result of the scam, which could lead to a decline in demand for rental properties. This in turn could lead to an oversupply of rental apartments and ultimately lead to a fall in rental prices.

In addition, potential tenants' trust in the real estate market could be weakened, as they could feel unsure whether the apartments on offer actually exist and are reputable. This could cause potential tenants to delay their housing search or consider alternative locations. The real estate market in Berlin is already characterized by a tight housing market, and the scam could further exacerbate the situation.

It is important that potential tenants and property buyers are aware of scams and only contact trustworthy real estate agents and landlords. Working with reputable real estate agencies and thoroughly checking all offers can help prevent fraud and protect the real estate market from the negative effects of such scams.