Is now the time to buy off plan?

Alan Forsyth from Property Secrets has provided this informative article about Off Plan Investing. Buying off plan was very much the way to invest several years ago, and worked very well in a rising market. For instance I bought off plan in Leeds city centre 11 years ago, as new build apartments were just starting to be built - and sold on 6 months after completion making a good profit. This type of investing worked well for investors in Dubai, and many emerging European markets over the last 7-8 years up until 2008 - with investors seeing excellent return on investment before they even completed. This investing then suffered as the credit crunch kicked in.  Investors hoping to secure 85-95% mortgages then saw loan to values reduce to 65-75% meaning extra funds were required on completion, and this affected some end values. So done well it can work very well,...
Rate this blog entry:
Continue reading
1232 Hits
0 Comments

Off-Plan, New-Build or Traditional? - What to buy and why

Knowing whether to buy new-build property or a traditional home is often tied to the reason you’re purchasing property abroad but if you’re buying abroad as an investment, then there’s no better option than off-plan.
Rate this blog entry:
Continue reading
837 Hits
0 Comments

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...
Rate this blog entry:
Continue reading
877 Hits
0 Comments

How Investment in Off-Plan New Build Property Can Seriously Improve Your Wealth But Carries Risks

Off plan investing is defined as buying property from developers before the building is completed, sometimes well before the foundations are laid. Whilst in a poor property market this method of investment is much less used, it is a strong tool for the property investor in times of growth. This method of buying has been utilised by a large percentage of property investors over recent years to seriously increase their net worth through property investment - so what are the benefits and what are the risks in doing so? Benefits of Off-Plan Investing : Developers will often offer Assetz for Investors a genuine discount in return for bulk purchase of units in a development, particularly if it is early on. They do this as development finance is easier to obtain and cheaper if the development is partially or completely pre sold. These discounts provide you, the investor, with a cushion of profit in case of...
Rate this blog entry:
Continue reading
1081 Hits
0 Comments