| |
Investment Information - Buying Off Plan
'Off Plan' purchases have provided excellent returns for many people and in many countries. The real key as to why buying 'Off Plan' can be such a good investment lies in the fact that normally you only have to pay a small amount of the purchase price as a deposit, and then often nothing until completion of the property, when the rest can be financed with a mortgage if necessary.
Buying Off Plan has benefits for both the developer and the purchaser. The developer is able to attract working capital for the project, with less potential reliance on bank finance and the purchaser will generally buy at a discount to the expected market value of the property upon completion. It is also not uncommon for the buyer to sell the purchase on, even before it is completed.
|
|
