New Developments

A new development, also know as an off-plan property, is currently built and for that reason not ready to move into immediately. We give you a couple of reaons here why an off-plan property might be something for you :

• You do not have to pay the price of your property in one go. Purchase of an new development property involves a payment schedule. Usually you invest 30% of the total price to secure the property, paying this in instalments.
• If you are selling your property before completion, you can expect some amazing profits.
• We, as K.J. Property, make sure that all the developers we work with can present us a bank guarantee for the development.
• The range of property types available now is very extensive. ( from one-bed apartments right up to luxurious custom-made villas.
• In many developments you can choose your own bathrooms and kitchen furnishing.
• As the bank valuation of an off-plan property is carried out upon completion, so not on the date of the purchase, the value increased, thus giving the buyer a higher valuation and therefore a higher loan amount.

If you would like to have some more info about buying an off-plan property investment, do not hesitate and contact us, info@kjproperty.com.