What is buying Off-Plan?

Buying off-plan is a simple term used to describe a purchase of a property before it has been built to take advantage of capital growth and considerable discount.

What are the benefits?

The benefits of buying off-plan are you can reassign the contract before completion (via a local estate agent), meaning you can sell the property for full retail value avoiding stamp duty, mortgage arrangement fees etc. If you decide to keep the property, it also gives time to find a tenant before you are required to pay a mortgage.

It is a well known fact that the UK has one of the strongest financial economies in the world. The UK property market has risen on average 11.3% year on year since 1948 (Source UK Land Registry).

The government has announced that in total three million new homes would be built by 2020 - up 250,000 from the previous plan. This is a result of large scale demand for resale, rental and investment in UK property.

The Association of Residential Letting Agents (ARLA) stated in a recent article that rent levels had also increased during the past six months, reporting a rise and 44% across the UK at the end of 2007. At the same time tenants are staying in properties for well over a year, and the average time a property is empty between tenants is now less than a month.

With a well-established relationship with property developers across the UK, we can offer some of the best off-plan investments and services available.

Venture offers clients:

• A full market appraisal including local area research, market values, rental and resale returns

• Secure genuine discounts off the current day value

• Complete guidance and advice throughout the entire process

• Solicitors, mortgage consultants, furnishing and letting agencies

• Visits to the development site, before signing any contracts, to ensure you are satisfied with the investment location.