WHY SHOULD I INVEST IN OFF-PLAN PROPERTIES? An off-plan property is a property which is available for purchase before it is completely constructed. Investing in an off-plan property is therefore purchasing property in advance of its completion. The demand for high quality urban living has necessitated the rise in off-plan property developments. Below are some reasons why you should invest in off-plan properties. 1. You get properties at a lower price. Off-plan properties are typically sold prior to construction beginning at a significant discount, often with a small deposit requirement, some as low as 5% or 10% (a company I work with accepts less than 5%). This enables investors acquire properties below market value. 2. You have the opportunity to choose the choicest spot for your property in a given location. One of the biggest advantages of buying off-plan is selection. Unlike in completed buildings, you can usually select the ideal unit to suit your needs, tastes and budget when buy...
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