Why to buy off-plan?
You can really save money by buying a house off – plan (designed but not built yet) as you pay less tax by buying the house before it is built. That is, if you buy a plot of land the tax is about 5% of the purchase price of the plot, whereas if you buy an existing house, the tax is about 15% of the purchase price including legal fees. In the first case, you only pay the tax on the plot and no more when the house is finished. If you buy a property when it is at the planning stage, or in the early stages of being built you could have the option of giving your input towards the way the property is laid out and finished. Exarhos-Homes can incorporate your ideas to the house design for the off-plan property of your choice. There are substantial cash flow benefits to buying off-plan as Exarhos-Homes requires for stage payments to be made throughout the building process. You can therefore budget to meet each payment as it becomes due.
