Investing in a property off-plan means buying it before it’s been built. This might seem a perilous approach to property investment, but, in a market where prices are on the up, it can result in substantial rewards. This guide gives investors an overview of how to ensure an off-plan property investment stays on-track for high returns.
Other advantages of investing in new-build off-plan properties include:
• They generally come with a warranty
• They require less time and money to be spent on maintenance than older properties
• The market value could increase from the moment the proposed property is purchased
• Paying up-front typically entitles the purchaser to a wider choice of available properties as well as a discount on the buying price