Overseas property buoyancy predicted in second half of 2006

The Association of International Property Professionals (AIPP) is predicting that there will be a higher level of buoyancy in the overseas property market in the second half of this year.

A survey of all of the AIPP’s members has also shown a belief that the second home buyer market has returned, according to Overseas Property Professional.

Around half of the organisation’s membership said that business activity was beginning to increase among people looking to buy holiday homes abroad rather than a property simply for investment.

A trend was also identified in the research for customers who are interested in buying a property abroad and then emigrating to use their purchase as their primary residence.

Paul Owen, chief executive of the AIPP, said: “The general business buoyancy is good news for the industry and better still the autumn looks promising.”

Some areas were identified by the AIPP’s members for the future, such as the need to exercise more professionalism during the sales process to assure buyers of the safety of their transaction.

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