Make your capital work for you and invest in Turkey, Bulgaria and Cyprus
What is buying Off Plan?
Off Plan purchases is a little known feature employed by a lot of builders in many countries, the method has provided spectacular returns for thousands of investors in property over recent years. Off Plan is the preferred purchase method when the investors main priority is return on invested capital, or when they are interested in buying a property for their own use and have no short term occupancy requirements.
Buying Off Plan is the process of reserving a property on a new development before the property is completed, in some instances this is before construction has started. This form of sale benefits all involved parties, the developer who would like to sell as many properties early in the development phase, this reduces their financial exposure and means they are able to pass on these savings to you the investor.
Competitive Prices
To encourage sales at this early stage prices are usually very competitive because the developer has little to show potential investors except architects' plans and artists' impressions of the finished development. Time permitting, show apartments or villa may be available which provides an example of the finished product.
With Off Plan purchase it is prudent to deal with an established developer with a good track record in the region where the development is located .and has demonstrated the ability to meet building schedules in the past.
Bank Guarantees - the law
It is a legal requirement in Turkey, Bulgaria and Cyprus that all advance payments to the builder or their agents must be fully covered by a bank guarantee. The finished construction must have a 10-year insurance cover. These provide investors with important peace-of-mind.
What are the reasons for buying off-plan?
Reasons that make buying Off Plan such a good investment are, timing of payments, developers are prepared to price below market value before construction completion of
a property.
This is secured with a small holding deposit and purchased with an initial payment of around 25>30%.
An additional deposit of 10>15% is often payable at the commencement of construction but nothing else is due until just before a client is handed the keys.
In this way the investor is benefiting from appreciation on the full value of their property during the period of greatest growth, while outlaying only a fraction of the price.
Have a look at a typical case-study. Join the growing number of property investors who have made their capital work harder and achieved extraordinary returns on their capital.
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