Some investors prefer to buy property off-plan often in the hope of benefiting from capital growth during the construction period
Some early-bird investors, who buy property off-plan at the earliest phases of planning and construction, sometimes intend on securing a short term profit by re-selling or 'flipping' their investment prior to the completion of the development.
More serious long term investors, however, will take a medium to long term investment view, by holding onto their residential stock purchased off-plan as part of a property portfolio.
Buying properties off-plan in the early phases of their development has traditionally presented an opportunity to secure a residential unit at a discount.
However, investors need to be in a position to proceed quickly with their purchase and possibly even buy off-plan in bulk, if they wish to secure any form of discounted purchase.
Property investors hope that the more they buy in one go, then the more they save.
Some professional investors prefer to take small portfolios in one development, whereas others prefer to diversify the type of property they buy as well as where they buy.
Buying property off-plan does come with associated risks and so wherever you choose to invest, always ensure that you undertake your own careful planning and due diligence prior to parting with your money.
It is essential that all investors stay informed with all the latest market trends by continually analysing and researching the industry.
If you are looking to buy property off-plan and would like the latest up-to-date market information and deals contact Foxtons New Homes and Investments or call 020 7973 2020.