Experts warn of overseas property investment pitfalls

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Financial advisers are being warned of the pitfalls of investing their clients' money in property overseas.

The warning comes from industry experts, including Paul Owen of the Association of International Property Investors (AIPP), who say more and more advisers will be asked for advice in this specialist sector in the coming years. Cases of bad practice in recent months have enticed the issue of overseas property regulation – virtually non-existent in some nations – out into the open. The warning forms part of the International Property Investment (IPI) Report 2007, which was put together by a panel of industry experts which, along with Paul Owen, also included Mark Roberts, head of financial ...

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