Buying Off Plan Property
Buying property off-plan means buying a concept that a builder has before a brick has been laid. Often referred to as buying pre-construction, off-plan property can provide a vehicle to wealth.
Investing in off-plan property can be very rewarding method of maximizing capital returns. Buying off-plan property often means low prices before the ground is even broken.
Overseas property investments are often bought off-plan, property in Dubai is a great example of the off-plan investment concept. Most projects are bought off-plan and investors are seeing great returns some are selling before work starts on the project and still making a profit.
Most overseas property developers require an initial deposit followed by staged payments. Off-plan property payment schedules vary according to the individual developer. Some give set payments dates and others require a percentage at each milestone of construction. This allows the savvy investor to make the most of their funds.
It is worthwhile approaching a developer with cash purchase (i.e., not using staged payments this can often secure further discounts. Off-plan purchases are also a great way to buy multiple units on a development. Some investors buy at the launch of a project and once it is sold out, sell their property before construction even begins.
Off-plan investors should check the credentials of the developer via a reputable agent , independent source or by taking out an International Developer Information Pack
Investors will always compare like for like overseas property W websites are great place for this. Researching a before investing is also key we provide numerous property guides and advice found on each country home page . We also recommend the following investment advice websites
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