Hi Loki,
Buying off plan property is a great way to raise cash. I recommend to invest in a great, established market with proven capital growth, resale and rental market. I represent a company which currently operate in Portugal, rated no 3best place to invest by channel 4. Poland and Romania tops the list but I would still question the resale and rental market there. Algarve has a massive touristic market which is growing steadily. Investing in a quality off plan development at an early stage is predicted to make a minimum of 20% capital gains. With the company I represent you can get a free deposit loan which is payment free until completion (we pay the interest) Should you want to sell the contract on before completion you will avoid any government taxes. This is without any cash down, all you have to do is qualify for a mortgage and then you can go ahead and choose an available development.
Most developments need 20-30% deposit until completion either one off or staged. If you want to read more about what our company can offer, please log into the website.
Best of Luck,
Lissy
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Quote:
Originally Posted by Loki17
Hi All,
Im a complete newbie to property investment and ive been doing a bit of research and reading all the good advice that is on this forum and others,
I have 30k to invest
Does anybody have advice on off plan developments, im initially looking for a quick turnaround , investing for no more than 12 months to raise some capital , does this seem feasible?
Also are most off plan investments stage payments or can you deposit followed by full balance on completion?
Any projects or agents websites to be recommended for this type of investment would be welcomed.
Thanks!
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