Many developers offer interesting payment schemes. They allow you to buy property off-plan i.e. before or during construction, when the price is still low with down payments from between 15% and 40% of the property price.
By the time the property is finished, it will command a higher price because of market increases and the higher appeal of a completely ready property. This means investors can " flip around " the property to another property buyer. Doing so ,it is possible to gain an increase of 15% to 60% while you have never paid the full amount. Depending on down payment and speed of construction, profits from these deals can range from 40% to 100% per year.
Even in the "worst case" scenario, if the property cannot be sold on completion, the balance to be paid can usually be financed by the developer himself, typically over 4 years or more. Or it may be kept and rented out with the rental income paying off the financing loan. For more information please contact us:
For Off Plan projects that are available
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