Off-Plan or Secondary Real Estate Investments???
Are you torn in making a wise investment? Are you grappling with the dilemma in choosing between off-plan and secondary real estate investment? The decision can be challenging but we’re here to help you navigate both the markets to help you make an informed decision.
Pros of Off-Plan Investments:
- Stable Rental Returns
- Equity Overflow
- Feasible and Attractive Payment Plans
- Lower Transaction Costs
Pros of the Secondary Market:
- Affordability.
- Low Competition.
- Potentially Higher Profit.
Cons of Off-Plan Property:
- Waiting Period
- Fluctuating Market
- Risks of delay in construction or handover
- No immediate returns
Cons of Secondary Market:
- Higher Initial Costs
- Lower ROE (Return on Equity)
- Brokerage Fees
- Less Availability of units
The choice between off-plan and secondary real estate investments depends on several aspects, including market conditions, available liquidity, investment objectives, pricing differentials, developer incentives, and more. Ultimately, it’s essential to carefully evaluate your circumstances and goals before deciding on this dynamic market. This entirely depends on one’s requirements.
