Search from 4958 properties
Property Type
Nearest City:
Price Range:
From: to:
Basic Location:
Reference Number:
Near Golf Course

New Development


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.

 
Showcase Bulgaria

 





Property Inspection Trips

Google
Web
homefinders-bg.com

WHY ARE SUCH GOOD RETURNS POSSIBLE?

The following factors help increase the value of a development during construction.

1) LOWER THAN MARKET PRICES. As discussed above, the developer is keen to sell the properties as quickly as possible so prices are normally very competitive.

2)BEST GET SOLD FIRST. Normally when a development is released a pattern emerges, i.e. penthouses, corner units and ground floor with private gardens tend to sell first which then in leads to price rises.

3)SHOW HOMES. As soon as the main structure of the development starts to take shape and/or a show home is opened, prices normally increase substantially as prospective purchasers can see much more easily what the finished development and individual homes will look like.

4)MORE UNITS SOLD. As the developer starts to sell more and more properties, the original prices will continue to increase, which obviously means that if you wish to sell your property it is going to be worth more.

5)FINAL COMPLETION. Once the development is finished you will be the owner of a brand new apartment/house in a new development with beautiful gardens and a pool. The person who wants to buy at this stage will be prepared to pay significantly more for somewhere they can move into or rent out immediately rather than when the development was just a plan on a piece of paper and a plot of land.

The reasons above explain why prices should normally increase as a development is built. It is not uncommon for a property to be bought and sold again before a brick has been laid and even sold again several times before final completion

Web design by HomeFinders Team | Please read our Privacy policy | All rights reserved | © Copyright 2003 Homefinders Bulgaria | Disclaimer
[Home] [About Us] [Property Buyers Guide] [Tax Info] [Insurance] [Partners]