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This month sees the launch of The Association of International Property Professionals (AIPP), a new trade association looking to guide and regulate the multi-million pound international property industry.
In a speech to the OPP Live Gala Dinner in December, AIPP Chief Executive Paul Owen referred to the findings of a recent survey by Barclays that 2.2 million Brits are definitely expecting to buy property overseas. But, according to Owen, these investors currently suffer considerable worry and uncertainty at the prospect of purchasing property abroad.
"The survey tells us that they are worried about legal matters and tax implications," Owen said. "They are worried about the security of the property. And they are worried about coping with a new culture and, often, a new language. They are also concerned about being taken for a ride and paying too much for a property," he added.
For these reasons, AIPP has been set up as a non-profit organisation to boost public confidence in the overseas property industry by promoting the highest standards of professionalism. By adhering to the strict codes of conduct set out by AIPP, property companies can earn the AIPP mark of approval. This trade mark is then intended to help the consumer make informed and confident choices.
Owen said, "The ultimate goal is that people won't buy overseas property unless they see the AIPP logo displayed on adverts or shop fronts. To be a member, companies need experience and qualifications, where applicable. The public will be able to see the code of conduct and disciplinary procedure online, as well as AIPP members."
You can visit the AIPP online at www.aipp.org.uk. To find out more about joining, email memberinfo@aipp.org.uk or call 020 8288 6847
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