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Saturday, 17/05/2008 |
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Search: New Developments Search by map New DevelopmentsEither its for personal use or investment, or both. Off-plan purchasers can benefit from some very interesting capital growth that occurs between buying the property at a reduced rate from the developer, and selling it on after completion. Property is a tangible asset that gives people control over their future. Historically, residential property has doubled in price every 7 years and should therefore be viewed as at least a medium-term if not long-term investment. Although there will inevitably be short term fluctuations in market prices, property has always provided a consistent long term store of value for anyone who owns it. Overall, 90 per cent of investors have either previously bought a property off-plan or are seriously considering it in the future, while 70 per cent believe it can represent a good investment opportunity in the current market so long as detailed research is undertaken. Nick Clark, managing director of the Homebuyer Show, added: "As our survey results show, experienced investors still view buying off-plan property as a shrewd investment, both in the UK and overseas. In recent years interest rates and stock market returns have been low. Many investors have started to notice that their home is their highest performing asset. More and more people are adding UK and international investment property to their portfolios - it’s changing the way we think about financial planning. The earlier in the building stages that you become involved in the purchase of a new home, the more economical your investment will be. With our unique search engine you will be able to have more information than any other internet portal. We offer as standard:
Good judgment comes from experience, and often experience comes from bad judgment. Rita Mae.Brown. | |||||||||||||
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