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Buying a property overseas may be the fulfilment of a dream but it is rarely that easy. Each of the steps along the way have their challenges and it is with these in mind that the AIPP produces its Consumer Guide - ‘How to Buy Overseas Property Safely’. We hope it will provide you with invaluable advice to guide you through the process. 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.


It was soon apparent 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, 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 work through your 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) AIPP CONSUMER GUIDE 3 Sanctuary Belize Dubai Real Estate Institute Spot Blue My French House Tenerife Royale Properties of the World Acropolis World Luz Del Sol Laurel Property Developments Aphrodite Resales Ripoll & Mateu Javea Home Finders HighGround Property Investment Orlando Property UK Target Markets USA-Bound Property Investment House A Place in the Sun page 10 16 18 18 18 20 20 20 20 22 22 22 22 24 24 24 38 38


Association of International Property Professionals Ltd Clutha House, 10 Storey’s Gate, Westminster, London SW1P 3AY. UK


Tel: +44 (0)20 7222 6172 Email: enquiries@aipp.org.uk Web: www.aipp.org.uk


UK Company Number: 5677417. Copyright © 2011 by AIPP. All rights reserved.


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