Maximise the value of your capital and buy safely in spectacular Northern Cyprus.

What is buying Off Plan?

Off plan purchases have provided spectacular returns for thousands of investors in overseas property markets over recent years. Clients are most suited to an Off Plan investment when their main priority is return on invested capital, or when they are interested in buying a property for their own use and have no short term occupancy requirements.

Buying Off Plan means reserving a property on a new development before the property is completed, often before construction has started. The developer is obviously very keen to sell as many properties as possible to reduce their exposure and to obtain favourable development loans from banks and investors.

Competitive Prices

To expedite sales of properties at this early stage prices are normally extremely competitive as the developer has little to show potential buyers except architects plans and artists impressions of the development. In some cases show apartments may also be available which generally give a good indication of the standard to be expected in the finished product.

When considering an Off Plan purchase it is a good rule of thumb to deal with a major developer with a solid track record in the region where the development is located. It is always reassuring to know that the development company has demonstrated the ability to meet building schedules in the past.

What are the reasons for buying Off Plan?

The essential reasons that make buying Off Plan such a good investment are the timing of payments and the fact that developers are prepared to price below market value before the completion of construction.

A property is secured with a small holding deposit (fully refundable) and purchased with an initial payment of around 40%. The next two payments of 30% each are made at approximately six months and finally when the keys are handed over.

In this way an investor is benefiting from appreciation on the full value of his property during the period of greatest growth whilst controlling his payments in known stages.