Hi

There is so much of off-plan and new build flats on the market in UK today, all selling at roughly 15% discount, and so many 'reputable' property investment companies are offering them to their clients as solid investments.

However, I can't really comprehend how can they be a good investment, for following reasons:

1. It is hard to get real comparable and judge the resale value. What is the point of valuation figure if you can't sell them at that price? At the best, this kind of investment could be worthwhile only as a long term investment.

2. Rental income. Because all of the flats will came out on rental market at the same time, it will be difficult to get decent rent for them. You will need to rent them cheap to avoid vacancy and it is unlikely that the rent will be able to cover your mortgage payments.

What do you think?

Are there any positive sides to buying off-plans or new build?

What is the best way to find the realistic value for them, the value that you can actually resale them for?

Thanks.

kk