New government data shows that children ages 18 to 39 account for almost three-quarters of rental fraud reports as the latest stage of stops across the country! I think a scam campaign will be launched.
According to Hanson's Minister of Fraud (pictured), rental scammers target victims by providing access to properties that do not exist or rent, often offering prices far below the market rate. 
£9 million lost
To secure property or arrange viewing, they usually ask for deposits or rent for the first month, making upfront payments so you don't miss out as many people are eager to find a home.
The resulting fraud loss reached around £9 million last year across around 5,000 reported cases. The 18-29-year-old group accounted for 48% of rental fraud cases reported in England, Wales and Northern Ireland last year, with the 30-39-year-old group accounted for 25%.
Additionally, rental fraud is often carried out through real estate advertised on social media websites, so the government is calling for tech companies to be even faster to tackle fraud on their platforms before holding their next joint fraud task force meeting later this month.
These figures underscore the need for greater action from the government to fully regulate property agents. ”
Lord Hanson said: “Rental fraud is a totally shameful crime, and this new data should serve as a harsh reminder that anyone can become a victim. It doesn't matter how tech-savvy you are on the street, scammers reach people who don't stop and think before handing over their money.
Nathan Emerson, CEO of Propertymark, said Neg: “These figures highlight where regulations already exist, such as the need for greater action from the government to fully regulate real estate agents and the need to take enforcement action on agents in Scotland and Welsh.
“Expanding and enhancing regulatory requirements for all agents require a license to operate, not only providing greater protection for consumers, but also arming the executive with the information needed to rule out fraudulent operators.
“In addition, the government should be doing more to promote professionalism in the sector, and we encourage those looking to buy or sell homes to use Propertymark Conservation Agency.”
Find out more about STOP! Think of fraud.
