According to a recent report, investors looking for high rental yields are increasingly interested in under-construction properties.
For prices, taxes and the whole buying process, see our guide: Overseas Property Investment Guide
Buying off plan in the United Kingdom is usually cheaper than buying a finished property, because housebuilders offer discounted prices to draw buyers into their schemes.
There has been a great increase in the need for housing in the UK in recent years. Although many loan advantages are offered to ‘first time buyers’, that is, first time home buyers, demand has narrowed considerably. Therefore, young people have turned to renting instead of buying a house.
At the same time, recent developments in society's lifestyles show that people are increasingly opting for “lifetime rent”. Young people want more flexibility. For example, they want to be able to move quickly when a new career opportunity arises. Another effect is that people are renting cheaply outside the city and commuting into the city every day.
One of the strongest selling points of a new build scheme is its look, that is, its modern design.
For example, students or young professionals want new homes that look more contemporary. Gyms, swimming pools, recreation areas and underground car parks located within the building make these new projects much more attractive for them.
Of course, since the demand for new buildings is increasing, it makes it very advantageous to invest in real estate from the foundation. So you win while buying.
Of course, buying a property that is more in demand by tenants makes the work of landlords easier in many respects (such as rental price, finding a suitable tenant).
In summary, because properties bought on the basis of the foundation can be purchased more cheaply in the name of value increase This means a stronger capacity, which means that your income from the increase in value is increased in total.
Are you interested in investing in property off plan? Get in touch with us and find out more about the schemes you can buy at 20% to 25% below market value.
Sincerely,
YATIRIM UK
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Answers to the most common questions on this topic: Buying Property Abroad: Frequently Asked Questions
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