Off-plan investing is a great way to secure bargains in the real estate market. The smart investor is also cognizant that great bargains in this market also portend higher risk and so before you jump right into it, an awareness of how to manage risk is just as important.
Don’t be under any illusions, off-plan schemes are risky. Understanding those risks and taking all prudent measures to manage them is the smartest choice you could make before taking the decision to face what could potentially be a costly, bruising financial experience.
In this market, second only to the “build option”, off-plan schemes are the vastly preferred path to home ownership. Why? Market conditions coupled with comparatively favorable prices and terms, make off-plan schemes popular despite the high risk they carry.