AIPP • CONTENTS
CONTENTS
4 The role of the AIPP How the AIPP is working to help you buy property overseas safely
6 What does this badge mean? What the AIPP logo means for buyers of overseas property
8 The role of the agent Who they represent and how they can help
9 The role of the developer What to expect when buying from a developer
10 Choosing where to buy abroad Where on earth to buy? What to consider to narrow it down
12 What to buy Buying new-build, off-plan, resale or fractional
16 Inspection trips
How to get the most from your inspection visit
18 How much will it cost? The real costs of buying and owning an overseas home
20 Legal matters
The legal advice you need – the lawyer and notary role explained
22 Transferring currency How to save money on currency exchange
47 AIPP Member Profi les See where these businesses specialise and how they can help
58 Ten things you should never do Avoiding the pitfalls of buying abroad
34 “What is the best piece of advice you could give?” Inside tips from those in the know
37 AIPP Members directory Find members in our A-Z listing
Lindsay Hopkins Chair
Association of International Property Professionals
Association of International Property Professionals Ltd
St Clements House, 27-28 Clements Lane, London EC4N 7AE
Tel: +44 (0)20 3207 9095 Fax: +44 (0)20 3207 9182 Email:
enquiries@aipp.org.uk Web:
www.aipp.org.uk &
www.aipp.ie
UK Company Number: 5677417 Copyright © 2010 by AIPP. All rights reserved.
23 Choosing the right mortgage What fi nance options are there?
24 Understanding Taxes A simple introduction to your tax liability
26 How to let overseas Make some money by letting your property - how to go about it and what you need to know
28 AIPP Awards
Which companies came out on top in 2010?
30 Code of Conduct Read what our members agree to follow
32 “How and where would you spend £200,000?” We ask our members where and what they would buy
Welcome from Lindsay Hopkins
As an industry association, AIPP was formed to establish a professional framework and a clear code of practise for companies operating in the international property arena. Part of our work is also to provide education and guidance to the buyer of overseas property, to help ensure that they are informed and aware when pursuing the purchase of property abroad. There is much a buyer can do to help protect themselves as they navigate this process, from seeking independent legal advice to ensuring they are fully aware of the fi nancial implications of their purchase.
With this in mind it is with great pleasure
that we publish our 5th annual consumer guide and members directory. Over the coming pages you’ll fi nd much needed advice on various aspects of the buying process; things that you may not have thought of or fully considered. Of course, we also highlight the benefi ts of buying with AIPP members. We hope you fi nd this an essential reference guide as you search for the ideal property overseas, and whether it be for investment or leisure, we wish you well with your purchase.
AIPP CONSUMER GUIDE 3
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