AIPP survey on property buying

Last year, a survey on property buying of consumers was conducted by the Association of International Property Professionals (AIPP) has. They asked the consumers what they are looking for, their fears on buying property abroad, and how can they be made to feel more secure. These are the results of the survey:

Section 1 – What are buyers looking for?

Top 3:

Political stability                                                                               71%

Good capital growth                                                                        59%

Better climate                                                                                  50%

Section 2 – What worries them when buying overseas?

Top 3:

Unreliable or misleading information                                                69%        

Unfamiliar legal process                                                                  59%

Inability to independently check information                                    44%

Section 3 – How can they be made to feel more secure?

Top 3:

Independent legal advice before signing contract                               78%

Legal ownership of land / property confirmed in advance                  76%

Payments held in safe accounts                                                         69%