Greycoat Real Estate has managed to make a name for itself as an authority in its industry. Its presence in the London housing market has been a reassuring factor for many grateful observers. The volatility of the market has been much easier to bear thanks to its valuable aid and counsel.
As such, the firm has been hailed as a true institution. This means that a firm such as Greycoat Real Estate warns of danger, people tend to take it very seriously. The firm has recently issued a series of alerts concerning some property scams that have been perpetrated on people looking for rental properties in London.
As was reported by some agencies last month, some potential renters have lost up to £13,000. These scams are not to be taken lightly. They represent a black eye for the real estate industry. Once aware of these incidents, Greycoat Real Estate and other firms have gone out of their way to publicize them.
Their intent is to make sure that renters are aware of what not to do. The more education a renter receives, the less likely they are to get scammed, Greycoat real estate agency assures (Bisnow).
This is the noble mission that Greycoat Real Estate has been forced to adopt. This is action that has had to be taken in the face of rising scams. The situation seems to be getting worse as home and rental prices rise all through the city of London. It is an issue that will probably be a source of consternation for years to come.