THE ASSOCIATION OF INTERNATIONAL PROPERTY PROFESSIONALS (AIPP)
They’re not here to sell property, they’re here to make sure it’s sold properly.
HIGH-END TRAVEL COMPANY LAUNCHES OVERSEAS PROPERTY DIVISION
Things can’t be too tough at the top of the market. Abercrombie & Kent has just launched A&K International Estates, a specialist real estate company. The new division will capitalise on the company’s brand, which has been at the forefront of luxury travel for 50 years and has over 250,000 high-net worth clients on its database. The company will predominantly focus on resort developments, many of which will be off-plan, though the above lodge in Bequia is fully complete, at £3.7m. “There are many synergies between luxury travel and high-end second home
ownership, and this expansion has been on the agenda for a few years,” says Robert Green, who is heading up the new arm. “There is plenty of pent-up wealth, and people have been waiting for the right time to invest. Many still regards bricks and mortar as the best medium-to-long-term investment.” (
www.akinternationalestates.com)
SPANISH TOURISM ON THE UP
It’s unemployment fi gures, banking sector and property market may not be in the best of nick, but Spain’s tourism sector is in rude good health. The country experienced an all-time high in international
tourist arrivals in July – an increase of 4.4 per cent over the same month in 2011, according to recent data by the Survey of Tourist Border Movements (Frontur). This echoes a year-on-year increase of 3.3 per cent,
showing that we all still love taking trips to the Costas, Barcelona, Tenerife, Ibiza et al. Don’t miss our guide to how much you can currently borrow in Spain on page 31
OZ HAS THE WORLD’S MOST LIVEABLE CITIES
Australia has been conducting one of its biggest migration drives in 40 years, with this summer seeing a reduction in the points “pass mark” for migrants, as well as a widening of occupations included in the skilled migration scheme. It’s easier than in the past to apply for a visa,
and there are still plenty of business and career opportunities in parts of Australia, along with
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that famed quality of life and climate that migrants seek. In fact, the latest global liveability survey (conducted by the Economist Intelligence Unit) has revealed that Australia has the lion’s share of the top 10 most liveable cities in the world. Melbourne came top, with Adelaide, Sydney and Perth also featured.
You will have noticed that this issue of A Place in the Sun magazine includes the free guide How to buy overseas property safely,
courtesy of our friends at the Association of International Property Professionals (AIPP). So how might it help you? The AIPP is an independent trade association set up to help regulate the industry, with members who are agents, developers and service providers working in the overseas sector.
All 316 AIPP members have voluntarily signed up to a professional code of conduct requiring them to be transparent in their business dealings and to act with honesty and integrity. What this means to you is that if you are buying through an AIPP member, you have the reassurance that there is recourse to a disciplinary process if something goes wrong with your overseas property purchase.
Each year, the AIPP publishes the guide How to buy overseas property safely, outlining how to go about buying an overseas property and the steps you should take along the way. It covers the whole buying process, explaining the role of the agent, questions you need to ask on an inspection trip and the difference between a lifestyle and investment buy; it looks at everything from the legal advice you need to take, through to how to protect yourself against currency fl uctuations.
It is independent and easy to follow, so if you are serious about buying abroad then it’s a great place to start. The guide also includes a full list of AIPP members in the UK and overseas. More information about them and the organisation can be found at
www.aipp.org.uk
NEWS
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