All about Off Plan Property

Off plan properties are among the most popular investment choices today. From Spain to Scotland, off plan properties are increasingly being resorted to by wise property investors. These underdeveloped properties offer flexibility, potential, and capital gains

Off plan property basically refers to a property that has a plan to develop, but is currently under development. It may be a party developed premises, an incomplete building, or even an empty piece of land with building blueprints.

Some developmental firms offer the chance for buyers and property investors to purchase a property before work has actually commenced. This option benefits the developers because they can secure finances and sales before the commencement of the construction. It also invovles significant gains for the buyer as they will usually be able to purchase the property at a lower rate with favuorable payment options.

Property developers will often offer discounts of between 15-20 percent in order to encourage initial investment and help pay for ongoing development costs. Ellesmere Property Group specialise in the acquisition of prime quality overseas properties for our clients, securing exceptional value by purchasing off plan. Off plan property investment involves purchasing property before it is completed, during the planning or construction stages. This property investment strategy can achieve huge growth, because investors purchase well below the market value of the completed property. Moreover, when sourcing properties, Elesmere Property Group concentrate on areas with rapidly rising property prices, ensuring capital growth over the long term.