New Developments

Buying off plan or pre-construction can be highly rewarding financially, we have had many clients who re-invest with us as soon as we have a new development on the books. The reason for this is that a new development will a have a number of price increases during its construction.

The first one is when the company has received their building licence and can start to build, they usually increase the price by 5%at this stage. When the main structure is up they usually increase then by 10% and when the project is in its final stages with the gardens in, pool finished and cleaning started they may increase again by another 10%.

Investors who are familiar with this process can use their money to gain a handsome profit. They can reserve one or more apartments off plan before the building licence has been granted. They usually have to put down 30& of the total purchase price during the construction. The remaining 70% will be paid by mortgage, but the investor may well sell resell the property prior to completion to take there rewards.

 

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