CAPITAL CITIES - THE NEXT BIG THING IN OVERSEAS PROPERTY

Capital cities are the rising stars of luxury residential real estate, offering promising investment prospects for those investing in overseas property in 2014”, predicts Laura Henderson, editor of essential guide to luxury resort property, Abode2.com.
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What are the benefits of off-plan property and why is it so cost-effective to purchase in this way?

More often than not, the most economical way of purchasing property is to buy it off-plan - which, to anyone not yet enlightened on the subject, means exactly what it says. To buy off-plan is to purchase property after having seen only the architect’s plans - as opposed to a completed house, apartment or villa. Particularly fashionable in the overseas property industry but also common-place with development property here in the UK, off-plan is a popular purchase option for shrewd investors and those seeking a holiday home alike. So, what are the benefits of purchasing in this way and why is it such a cost-effective option? There are numerous reasons why people choose to purchase off-plan, with finances featuring at the top of the list. Prior to construction, developers often sell their property at substantially below its market value, giving early investors the opportunity to buy the same property as those...
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