In this episode, we discuss the pros and cons of buying a property off the plans.
We break down what it means to buy a property that hasn't been built yet. The benefits include possible capital growth, avoiding higher interest rates, and the luxury of first choice.
However, they also explore the potential cons and risks. These include property prices going down, banks changing their lending criteria, loss of deposit, and concerns about the developer's quality of work.
Main Points Discussed:
- off the plans pros and cons
- New Builds
- Risks of buying off the plans
And we also mention our upcoming webinar Policies, Predictions & Property: How to invest in 2024 on Tuesday September 5th at 7pm, click the link to register.
The Property Academy Podcast