Investors Worldwide, put money into "off plan" property, with the expectation of gaining above average capital growth.
Homefinders Bulgaria currently offer many Off Plan purchasing opportunities throughout the whole country including Sofia, the ski resorts, the Black Sea coast and in the town of Sandanski, an as yet undiscovered gem.
Buying 'Off Plan' means reserving a property on new developments before the property is completed and often before construction has started.
Developers are naturally keen to sell as many properties "off plan" as early as possible, to minimise the risk to themselves and to obtain better interest rates on loans from banks and investors.
To help sell properties at this early stage, because there is nothing to show potential purchasers except a floor plan and artists impressions of the finished development, prices are normally extremely competitive and considerably cheaper than the cost of comparative completed property.
One of the several advantages to buying off plan, is the flexible payment options available on many developments, where often a low deposit will secure a property, followed by stage payments up to completion.
However, a word of caution.
Whilst Off Plan all over the world is an affordable way to invest your money there is always a chance that delays can occur either at the start or end of a development, as a result clauses are generally written into contracts to protect buyers.
Where practical and cost effective, most developers will usually accommodate your wishes with regard to making any minor alterations before your property is completed.
However, developers will usually reserve the right to make minor alterations to specifications and materials should the need arise.
This is why off plan prices are so attractive and investing clients will need to be a little flexible with regard to their expectations of the finished product.