Off-Plan Property

There is a shortage of 4 million homes in the UK

Property prices double every 7 to 10 years

If you are purchasing a property off-plan from a developer the building work will either not be complete or will have not been started.

Most developers require funding from banks and receive this in a number of installments throughout the build period based on meeting certain criteria.

One of those criteria is to sell a certain number of apartments off-plan which gives the banks confidence in the development as well as reducing the outstanding debt.

Positive Property Investment is able to negotiate substantial discounts on behalf of our members as we can sell the required number of off-plan apartments in the time required by the developer.

A deposit of 10% is usually required on exchange which is twenty eight days after reservation. No additional funds or mortgage offer are necessary until completion.

In addition to the instant equity created, off-plan properties benefit from the increase in value during the build period. The build period can take anywhere from six to twenty four months in which time the value of the property can grow by 5% to 10% per annum.

Build Complete Property

It is also possible to negotiate discounts on the remaining properties once a development is complete.

The developer will often do this if their financial year end is approaching and the properties need to be included in the year end figures, or it may be that they have another development that they are starting and simply want to move on.