Brasov offers one of the highest potential returns on real estate property, through the Off-Plan investment. As its location is near the ski resorts of Romania, with substantial investment in infrastructure, Brasov is one of the best investment opportunities in Romania. Presently there are various opportunities to purchase off-plan apartments in Brasov.
What is the Off-Plan Investment?
An off plan investment property is one which has yet to be completed in its construction. Usually, 'off plans' are offered in apartment or a development of houses or townhouses. In these investments, the buyer reserves a property in a development invent at one of the various stages from planning to completion.
Why Investors are attracted to Off-Plans
A key concept of investing in 'Off Plan' property lies in the fact that, on average you can pay about 30-40% of the purchase price as a deposit and the rest on the completion of the property, which can be financed even on a mortgage. There is even availability of financing the deposit price through releasing the equity for their property and as a result, there is no need of investing the liquid cash to take advantage of this profitable investment opportunity.
Why Developers are offering the Off-Plans
Property Developers sell various properties off plan, so that their risk can be reduced. They can also acquire better interest rates on their development loans from banks and investors. While selling the properties at this early stage the prices are typically on huge competition.
Reasons to invest in Off-Plan
The following are the reasons why people purchase a property when it hasn't even built yet:
Ã?â‚??People generally buy off-plan as an investment. There is an element of risk involved and you get a better price to reflect this.
Ã?â‚??In times of high demand, it may be the only way to get your hands on a hot property in a sought after area.
Ã?â‚??Previously, investors have charged well from buying property off-plan. Good quality new homes can often get revalued shortly after completion with surprisingly high gains for the original buyers.
Ã?â‚??In times of a rising property market, it is perfectly possible to turn in a significant profit even before a brick has been laid.
Ã?â‚??Buying off-plan means that the purchaser often does not have to pay the balance for quite some time after signing the contracts. For all this time the value of 'their' property could be rising, and they still have not had to sell their existing home, meaning extra benefit if they can sell later at a higher price.
This information enlightens the investments in off plan and its potential benefits offered to the investors. It also helps the investors as a guide in all circumstances.
