There are plenty of advantages you find in a property still under construction that you do not find in a finished building — enough to make buying in a building under construction worth considering. Such as?
- The biggest advantage for investors is that properties under construction are a serious investment opportunity. You buy while it is being built, then sell for at least 25% more once construction finishes — especially given the continuous rise in property prices. And if the location is prime, on the sea or near large green spaces or main roads, the price climbs faster still, even during the build.
- You can lay out your apartment the way you like it. That means you can live for years before needing any repairs or alterations, because you designed it yourself from the start — saving the money that would otherwise go into modifying a finished apartment.
- The deposit on properties under construction is lower at many companies, and payment terms are far easier than for ready properties in the same location. Where a finished apartment might be paid over 2–3 years, under construction you will often find 4–5 years.
- You get to choose the view: does it look onto the sea, onto green space, or sit close to the main roads and routes?
- You are free to choose which floor your apartment is on. In a project under construction most apartments are still available, so you can pick the floor you want — unlike a pre-built block where a large number of units are already sold.
