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NAEA Propertymark comments on the public register for overseas owned properties

Thursday 18 January 2018

PRESS RELEASE: Commenting on the public register for overseas owned properties, Mark Hayward, Chief Executive of NAEA Propertymark said:

“It’s excellent that this register will be up and running by 2021, ensuring dirty money can no longer be used to buy property under the guise of a shell company. Houses bought with laundered money often sit empty, taking homes away from the market that could be used for families and as such impacting the wider community. It’s important to know who the ultimate owner of a property is if we wish to maintain integrity in our property market”

-Ends-

For further information contact:

NAEA Propertymark Press Office

Tel: 020 7566 9777

E-mail: propertymark@lansons.com

About NAEA Propertymark

NAEA Propertymark (National Association of Estate Agents) is the UK’s leading professional body for estate agency personnel; representing members who practice from over 11,500 offices in all aspects of property services. We are dedicated to the goal of professionalism within all aspects of property, estate agency and land. Our aim is to reassure the general public that by appointing a NAEA Propertymark Protected agent to represent them, they will be safeguarded and receive the highest level of integrity and service for all property matters.