Buying Off-Plan Property in Portugal
Here at Berkshire Hathaway HomeServices Portugal Property, we see that many of our clients do decide to buy Off-plan property.
Many property developers selling property off-plan will offer financial incentives for clients reserving property before the build completion date, and these are usually seen in the form of a price discount. It is an extremely successful way of securing a property investment, whilst only putting in minimum capital. A lot of property investors here in Portugal have made substantial capital gains through buying property in Portugal this way.
When buying off-plan property in Portugal, typically you will be required to put down a 20% deposit, however some developers will accept less.
When buying Off-plan, with a development cycle of generally between 12-24 months, there is ample time and opportunity for capital growth.
The build time also suits those looking to plan a future property move and gives time to save and arrange any necessary financing needed to complete the purchase.
Most importantly when buying Off-plan property, the builders & developers that build and are responsible for the property, are checked, vetted, and approved before purchasing.
We are frequently offered Off-plan developments from many different developers & builders throughout Portugal. However we work through very strict and stringent acceptance criteria before agreeing to put to market a particular Off-plan development.
You have our assurance that any developments that are sold via Off-plan through us will have passed our stringent list of criteria and have been approved. We are happy to announce we are currently marketing only Portugal & the Algarve’s finest off-plan developments as well as detached villas.
For more information on Off-Plan property in Portugal:
Please feel free to email us at info@portugalproperty.
What to do Next
There is only so much we can send you via email or talk with you over the telephone relating to certain properties of interest, or to try to give you a true understanding of Portugal & the Algarve and a property without you actually seeing it. So we advise you to take a property inspection trip.
Inspection Trip
By choosing to take an Portugal & the Algarve Property inspection trip, you will not only be able to see the various off-plan developments, discuss designs, layouts, build quality, orientation, sizes, views, finish etc, that match your requirements, but also the surrounding area. We’ll also give you a comprehensive breakdown of each property investment opportunity we offer to you. We shall go into details such as the location, type, specification, value, purchase price, potential rental figures, finance options, medium to long term resale strategies. We will also go into details about the purchase process in Portugal, closing costs, and the income potential.
Does the area fit with your personality, do you want peace and quiet or do you want to live in a more lively area. Are you looking for a property with a pool, close to the beach, or a property with fantastic green golf view?
The options are endless, but you’ll only truly know what you want, when you see it, so this is why we advise all of our clients to come on a Portugal & the Algarve life and property tour.
For more information please write to us on info@portugalproperty.com or feel free to call us on +44 (0) 800 014 8201 and a member of the Portugal Property team who will be happy to answer any of your questions.
We look forward to helping you find your dream Portugal property!