Investment Property Off Plan - Is Off Plan Property Investing Still Viable
Released on = December 30, 2005, 5:43 am
Press Release Author = BuyProperty4Less
Industry = Real Estate
Press Release Summary = How one UK based company provides genuine discounts to it\'s members who want to buy off plan property investments
Press Release Body = FOR IMMEDIATE RELEASE 15/12/2005
Investment Property - Is Off Plan Property Still Viable?
\"Investment Property Off-Plan still offers a great deal for Investors - Many people believe the off-plan bubble is about to burst\" Damian Qualter MD of www.buyproperty4less.com states \"BUT the demographics and economic factors state otherwise. BuyProperty4Less and our investors believe that off plan property investment still offers excellent potential returns. Where else can you control 100% of an investment for only 5% and get a discount of over 15%? Many investors are making 300-400% returns on their initial investments\"
\"Our investors still believe that off plan property offers great returns and if investment property is picked in the right areas risks are minimal. All our current developments have RICS (Royal Institute of Chartered Surveyors) valuations. We don\'t take the word of the developer or the agent we have them independently valued for our investors piece of mind. Property investment hinges on making the profits when you buy NOT when you sell\"
When asked for the reasons for the reasons why off plan property still makes sense, Damian Qualter states the following points:-
1. The Economy is still strong 2. Demographics are ideal - people are buying homes later and the working population is more transient 3. The rental market is set to double over the next 10-15 years. The UK buy-to -let market will become more like that in Europe where a large proportion of the population rent 4. There is a pension crisis - people are making their own arrangements for their retirement 5. There is still a shortage of New homes being built (approx 80,000pa) 6. The UK population is set to increase by 3-5m over the next 10 years 7. Interest rates are still low
\"A lot of investors have been sitting on their hands for the last few months waiting for SIPPs to come in next year. Now that it has been blown out of the water by the government - its business as usual. Property Investment and Off plan property in general still have certain risks if research is not conducted responsibly. BuyProperty4Less reject about 80% of the deals that we are offered as they don\'t fit our strict investment criteria.\"
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