Posts Tagged ‘Market Increases’
Advantages of Purchasing Property “Off Plan”
An off plan property is a property that is sold before it has been constructed and where the buyer only have the property plans provided by the architect as a guidance of how the finished property is going to be. Today off plan property refers more or less to all new developments that are sold before the termination of the construction of the property and not as it used to be only properties in the initial stage before the construction had started.
One of the biggest differences between a resale property and a property in a new development is the seller. Off plan properties or new developments are sold directly by the developer whereas traditional resale properties are normally sold by a private owner.
What are the advantages of purchasing property “Off Plan”?
Reserving a property at Off Plan stage (typically you will have just the Architects floor & site plans, elevations and specification to base your decision on) has proven popular with a variety of investors and home-buyers for many years.
Buying property Off Plan offers a number of benefits. The major benefit and attraction for potential purchasers is the capital growth which can accumulate from the Off Plan stage through to physical completion of the property.
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