Why is Portugal property so much cheaper when bought off plan?
The property is cheaper when you buy it off plan because the developers of the project office to sell a few units before they start construction, in order to reduce financial risk and debts. The developers know that when the buyers cannot see the finished property they will have to sell it for a lower price, because the buyer has to rely purely on the reputation of the developer, on the property location, and on the design and pre-rendered graphics of the final product. Another great advantage of buying off plan properties in Portugal is it many times you need to pay only 20% to 40% of the purchase price on deposit. The rest can be payable on completion of the property and this may be financed by a mortgage if that is your choice. When you decide to invest in an off plan property in Portugal, you have to first decide what kind of strategy you will adopt, so you can make the provision of your return on investment. I hope this article was helpful for you to understand a little bit more a
Related Questions
- I BOUGHT/BUILT/REFURBISHED MY PROPERTY SEVERAL YEARS AGO, BUT HAVE NOT CLAIMED CAPITAL ALLOWANCES (OR SUSPECT I MAY HAVE UNDER-CLAIMED). CAN I CLAIM THE MISSED ALLOWANCES NOW?
- How can the government tell private developers what to do with their property? Why would the developers want to cooperate with this District Plan?
- Can the property be bought in a company name?
