Off Plan Property -The Property Investment Goldmine?
Off Plan Property is when investors buy property that is yet to be built in order to leverage their small deposits and make capital gains during the build process.
BuyProperty4less one of the UKs leading Off Plan companies have been selling this type of investment for around 5 years. Damian Qualter MD of BuyProperty4Less told us recently " Off Plan Property has all the benefits from investing in property without actually owning one. We negotiate with developers 15% discounts which we verify independently by having a RICS valuation. Client them pay a 5-10% deposit to secure the property without any further payments to be made during the build process"
Damian Qualter certainly has put his money where his mouth is building a personal property investment fortune of over ?5.5m in less than 3 years.
So Why is Off plan so attractive?
1. Low Deposit - Ties up ONLY 5-10% of property price during build process 2. Long Build Times - no staged payments to make 3. Assignable contracts - contract can be sold prior to physical completion 4. NHBC guaranteed 5. New property situated in desirable rental hotspots
"Off Plan Property still is one of the most attractive routes to take when investing in Property. We have sourced over ?70m worth of Investment Property and saved our investors over ?10m. Approximately 60% of what we do is UK based but with the general slowdown in the UK house price market we have ventured to Dubai, Florida, Prague, Bulgaria, Goa plus many other overseas Property Investment hotspots" Damian Qualter adds
Off Plan Property Predictions - What are the UK Hotspots for 2006?
"Each area has strong rental demand and a shortage of correctly priced property for successful property investment - we believe the Off plan story will have a happy ending for BuyProperty4Less investors. We research a market thoroughly and check that all criteria is met. Over 85% of property that is offered to us is rejected" Damian concludes.
For More Information Contact:
Damian Qualter sales@buyproperty4less.com http://www.buyproperty4less.com Direct Line : 08450 637 638 Fax: 08450 638 639
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