When looking at buying property as an investment, it’s important to look for two key metrics; high returns and capital growth.
This can easily be achieved when purchasing off-plan. Off plan developments have seen a boom in recent times, with this are seeing some of the highest sales levels and its popularity is heightened by the ability to negotiate excellent discounts prior or during construction of the property.
When buying off-play there is a slightly different process when compared to a standard ready built buy to let property, however with our experience and know how the general advantages are significant. Investors often find off-plan property to be an incredibly lucrative option.
Purchasing off-plan has many benefits – here we’ll look at several of the main ones:
Lower than average purchase prices.
A significant advantage of buying a property off-plan is securing a purchase price below market value. This is a result of private developers needed to demonstrate saleability of a plan prior to marketing the development. It is a race to sell as many units as possible before construction is complete.
Strong capital growth.
When purchasing a property off-plan you will benefit most from a rapid house price growth. If a property purchased in 2019 but is not due for completion until 2021, when the property is finally completed, you will of seen the property price grow in value each year.
This can add large sums to a property, especially as with YesInvest we have already negotiated a discount price from the outset.
Those who purchase property off-plan benefit mostly from house price growth. If a property is purchased in 2015, but isn’t due for completion until 2017, when the property has finally been built, they will have seen their property grow in value each year. This can add tremendous value to a property, especially if it has already been purchased at a discounted price from the outset.
Ability to resell at profit before completion.
We have handpicked our development so they will go up in value before completion, as an investor you can choose to put your property up for sale and sell at
Although this could be a good strategy if you are looking to make profit quickly, we advise at YesInvest you would see much more of a capital growth benefit by tenanting the property and also gaining the benefit of a regular rental income, in addition to capital growth.
Low entry and staged payments.
At YesInvest we have carefully hand picked developments with the added benefits of low deposits and staged payments. These payments can help spread the cost of the purchase and enables you the investor to purchase a property without significantly large deposits, making investment accessible to all.
For more information about investing in off-plan property, call us today. We maintain strong relationships with developers, banks and receivers which allows us to source the best deals on discounted properties across the UK. YesInvest have a number of off-plan developments available in fantastic locations, which can see instant equity from day one.