WELCOME
Welcome to the AIPP’s Consumer Guide for 2013 - ‘How to Buy Overseas Property Safely’.
The AIPP was set up at the beginning of 2006 by a group of like-minded people working in international property who shared a real desire to improve the professional standards and customer service of all companies involved in the business.
We soon realised that one of the ways in which we could also support potential buyers was by providing relevant and first-hand knowledge on how to purchase property safely.
So this Consumer Guide sets out to pass on invaluable buying information to anyone planning to buy a property overseas whether for retirement, as a second home or for investment.
We know that buying a property overseas is one of life’s landmark moments and that some simple safeguards can be forgotten. Do remember that there are few, if any, guarantees when buying property, at home or overseas and please take steps to make sure you have covered the fundamentals. Do use an independent lawyer – one with only your interests at heart. Please do the finances; take into account the fact that mortgage rates can change; check on the rental returns promised and take expert advice on how fluctuating exchange rates will affect your payments and the cost of your property. Not all agents and developers belong to the AIPP and have signed up to a code of conduct. So ask the agent or developer you are buying from to provide references and do take them up and, if buying off-plan, make sure you are clear about how the development is being financed. Finally, bear in mind that if you are buying property overseas as an investment (as many people have done in recent years), big returns may come with significant risks. Be careful to assess the possible downsides to an investment property as well as the exciting investment figures promised should all go to plan. For every negative story about buying a property overseas, there are many, many more successful tales of happy buyers enjoying their purchase. Good luck and enjoy!
Sue Ash Chair
Association of International Property Professionals (AIPP)
And a thank you to our advertisers
21st Century Overseas A Place in the Sun Akbuk Resort Group Assetz Cape Verde
Australian Property Alliance Avante Property Investments Barton Wyatt
Black Lion Property Services Casa Sol Real Estate
Casacalida Property Group Colordarcy Investment DLR Properties Overseas Dream Homes Orlando
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16 44 16 50 38 16
EPP Signature Property Promotions 32 GoBMV IMG
Laurel Property Development Let’s Group
Luz del Sol New Properties Marena Murray -
The Property Specialists Monopoly Property Group My French House
Orlando Property UK Overseas Connections
Premier Properties Tenerife Properties of the World Property Frontiers
Ripoll & Mateu Solicitors Mallorca Sanctuary Belize Smart Exchange Snobby Homes
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
UK Company Number: 5677417. Copyright © 2011 by AIPP. All rights reserved.
Spanish Property Choice Spencer James Residential Stratus International Properties Survey Spain Target Markets
Tenerife Royale Estate Agents Turkish Connextions Two Summers UV10
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AIPP CONSUMER GUIDE 3
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