A more speculative form of investment is Off- Plan. This entails purchasing either single or multiple units in new developments that are either in the process of being built or are at the pre –construction stage. Investors are required to enter into sale contract(s) paying a deposit upon exchange of contracts with the balance due upon practical completion of the development.
Investors are speculating that by the time the developments have been completed the market value(s) will have increased to enable a profit to be realized after purchasing costs have been deducted.
Purchasing this type of investment requires careful consideration. Choice of location and position within the development; reputation of the builder/developer and future market demographics and trends are all important factors. The Investment team at Hurford Salvi Carr with their considerable experience and scope of activity can provide advice to you in this specialized sector of the market.
Call now to inform us of your Off Plan property requirements
Investment Director: Daniel Lachs +44 (0) 207 566 9444 - investments@h-s-c.co.uk