A Freedom of Information request to the Land Registry has shown that there have been 678 claims for property fraud over the last 14 years.
The total pay-out across England and Wales has been £73.3m, averaging £107,669 per claim.
As a comparison, online scams set the average victim back £600.
The FoI request was made by ABC Finance, which also found that the Land Registry received over twice as many fraud claims as it had prevented since 2009.
Altogether 279 property frauds were prevented by the Land Registry in the ten years to the end of 2018.
A typical property fraud is where someone else assumes the identity of the rightful owner and gets the deeds altered, often going on to be a fake seller; or diverts buyers’ funds by hacking into solicitors’ emails.
Properties most at risk are where the real owner is not present and include rental and vacant homes; high-value properties; and those without mortgages.