Overseas Property

Off Plan Investment Property

All about Buying Overseas Off Plan Property

It might be a little off-putting to pay for something that doesn’t physically exist, but off-plan purchases are escalating in popularity as well as profitability. No longer an innovative procedure, off-plan property purchases are commonplace and common practice. So, what’s involved?

Off Plan Property - Whats Involved?

After seeing the initial designs and specifications of a proposed property, you, the buying investor will pay a reservation fee of around £1000, which is usually refundable before a clearly specified no ‘u-turn’ point of the transaction. After that point, well, you could stand to lose your deposit as originally agreed.

The completion date of any proposed development can only be estimated of course, as nothing can be taken for granted in the construction business, however, before you make your initial down payment, your properties expected completion date will be made known to you. Somewhat reassuringly, these dates are generally quite accurate. Nearer to finalisation, a guaranteed date for your move will be announced, with any outstanding payments to be made upon full completion.

Off Plan Property - The Benefits

All very straightforward then, but what are the benefits? What you’re effectively doing is buying into an as yet unrealised or undeveloped market, ready for the discovery of its potential and the massive foreign investments that will follow, sending your property value soaring. Before you know it, you own a highly sought after property in an attractive market hotspot. And if you own what’s recognised as being a prime spot which enjoys all the usual full benefits of unrivalled views, accessibility and prominent position etc, well, then you’ve got it made.

Aside from the financial benefits that come with an off-plan purchase, there’s also a chance that the investor will be given some say in the properties layout and design, its fixtures, fittings and features, making for a perfectly accommodating and practically tailor-made property. This, along with the profit margins, might explain why there’s a tendency amongst investors to return and to invest further into a development. As always, caution is advised, after all, market trends can rise and fall as often as sea levels. However, with David Stanley Redfern Ltd, only the best opportunities are taken advantage of, offering you total confidence in your overseas property purchase and us, your specialist agents.

Contact David Stanley Redfern Ltd...

For more information on the properties available with David Stanley Redfern Ltd please make an enquiry on a particular property of choice or alternatively contact us using our contact details here >