Key figures from the overseas property industry gathered in the heart of London last week to create tighter regulations, and make Fly-to-Let buying a stress free and safer process.

There have been several recent property scandals which have brought losses of millions of pounds to British investors. It is exactly this kind of negative publicity which puts off the average buyer; which currently is one in five of the British population.
The event showcased newly launched ‘International Development Registry’ (IDR) Ltd, designed to restore confidence in the industry.

Free to property buyers, IDR reports give an eight page online summary of the legal and financial health of a project. To become accredited, a developer must pay a fee and meet a set list of criteria.

This includes title deeds, track records, building permission. Michael Masterson, MD of IDR Ltd commented: “It’s all about the confidence factor. Today’s sellers desperately need support. Agents want to stand out. The IDR product fills that gap.”

Former professional footballer turned developer, Tony Dorigo, told the audience why he bought his IDR Report with Title Insurance. “It’s fantastic. For me it gives buyers instant credibility. I’ve opened my books to the most stringent checks – but people need this and I stand out.” Despite the global credit crunch, the UK’s senior figures have embraced what they now forecast a ‘cleaner and meaner’ industry.”

Paul Owen, CEO of the Association of International Property Professionals (AIPP), said: “We hope to emerge bigger and better than before. The AIPP is a growing non-profit organisation of international agents, developers and trade partners who share a common belief to operate under a code of conduct. Until now, there was no way to tell the good from the bad.”

The industry vision is to crack down on illegal operators and stamp out corruption.
To download an IDR brochure now, click www.idrgroup.uk.com

© Fly2Let.net Ltd 2010 l Terms of use l Contact l Free Subscription l Webmaster
Brazil l Bulgaria l Canada l Cape Verde l Croatia l Cyprus l Dubai l Egypt l France l Germany l Hungary l India l Italy l Morocco l Portugal l Romania l Slovakia
South Africa l Spain l Thailand l Turkey l UK l USA l Other Countries
Investment Property l Off Plan Developments l Ski Property l City Apartments l Golf Property l Beach Front Property l Land Investment
Cheap Flights l Car Hire l Property Finance l Property Insurance l Travel Insurance l Property Maintenance l Overseas Removals l Currency Exchange l Exhibitions & Seminars