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Off plan property is a property that has not yet been fully constructed.
Here at Global Assets Ltd, we offer the chance for buyers / property investors to purchase a property before work has started. This initially benefits the developers, as they can secure funds and sales before the start of the construction work. There are also major benifits for the buyer too, as they are able to purchase at a greatly reduced rate with favorable payment options. The property is then either sold for a quick profit, or put out for rental and the investor awaits for a further increase in equity.
Typically, property developers will offer discounts of between 10-20% to encourage initial investment and help pay for ongoing development costs.
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