AIPP: Factors to consider when buying property abroad

Those considering buying property abroad may like to take heed of some advice from the independent non-profit group the Association of International Property Professionals (AIPP).

Those considering buying property abroad may like to take heed of some advice from the independent non-profit group the Association of International Property Professionals (AIPP).

Speaking to the Daily Mail, the organisation's chief executive Paul Owen said that now could be "a great timer to buy", but there are some things to bear in mind.

"People shouldn't lose their heads and forget the basic rules of safe buying abroad," he adds.

Potential investors should refrain from rushing into a contract to get a low price and check to make sure their property agents offer them some means of protection.

Also, those properties which appear to be particularly competitive have been reduced for a reason, he adds, so buyers should try to work out why this is before making a decision.

Finally, using an independent lawyer is essential, as they protect you from potential problems and can also hold your deposit in a third-party account until the property plans come fully into fruition.

A poll conducted last month by Foreign Currency Direct, found that almost 25 per cent of British adults would like to move abroad to live and work.

This article has been brought to you be Sambala; the developer for Cape Verde Property.

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