Internationalisation of Developments and Residential Estates - Professor Mark Sharp
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The document provides an overview of the Association of International Property Professionals (AIPP). It discusses global property trends, the objectives of AIPP for 2011, and their plans to further develop standards, provide member benefits, and increase consumer protection and confidence going forward. AIPP aims to be the united voice of international property professionals through a code of conduct and complaint/dispute resolution procedures. Their goals for 2011 include introducing country-specific panels, enhanced professional indemnity insurance for members, and defective title and occupiers liability insurance for consumers.
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Internationalisation of Developments and Residential Estates - Professor Mark Sharp
- 1. Global Perspectives Professor Mark Sharp AIPP Chief Executive
- 3. Overview of global trends
- 4. AIPP 2011 objectives
- 7. Set up to improve the standards of professionalism in the international property market.
- 10. Honesty
- 11. Integrity
- 14. Reprimanded, fined, suspended, expelled.
- 21. Where UK is spending 2007-2012 comparison (units in 000) Dept of Business, Innovation and Skills 2010
- 22. Who is buying international property by age - UK Dept of Business, Innovation and Skills 2010
- 24. UK consumers are now knowledgeable about the market and the do’s and don’ts of international real estate.
- 25. USA
- 27. Generally better than it was a year ago.
- 28. Reluctance to buy off plan.
- 29. Sceptical with regards to investment claims.
- 31. At a recent UK Exhibition 91% of UK consumers looking to buy are aware of the AIPP.
- 32. Business
- 34. AIPP now ‘actively involved’ in fractional ownership and so welcomes the fractional industry.
- 35. Home ownership
- 37. Membership enhances profile and consumer confidence.
- 38. Consumer Guide
- 40. Code of Conduct established now introducing standards as a guide to members.
- 42. Provision of enhanced PI insurance.
- 43. Introduction of Latent Defect Insurance for overseas property (much aligned to NHBC warranty).
- 48. Established a National Qualification Framework (NQF)
- 49. On-line (modular) training for both members and consumers
- 51. Data collection and usage are needed.
- 52. UK Data collection for research dissemination and consumer knowledge outputs.
- 54. KPI’s to monitor performance of the industry
- 55. Benchmarking
- 57. Undertake AIPP training and it will increase consumer confidence in you and your product.
- 60. Identified the global trends
- 61. What UK buyers want
- 62. 2011 Development