Reserve off-plan and reap the benefits

Smart investors have been doing it for years and today, we are finding more and more clients electing to do this. You simply choose your plot or apartment number and reserve it with a small deposit.

Why? First, you secure the price . and with the increases that took place in, for example, Cyprus last year, that could potentially save you £££'s. Secondly, you get the pick of the plots! Properties with good investment potential sell quickly and to get the best position, optimum garden size/terraces, etc, reserving now is by far the best way forward.

Admittedly, you have to be somewhat brave to go this route but if you've already been to the area you are interested in and know where you'd like to be, it won't be a difficult decision to make. Or, if your purchase is purely for investment, taking advice from the experts on the ground can pay dividends.

You can always go on a viewing trip later on, whenever the time is convenient for you.

Typically, the next payment will be due on the signing of contract approximately four weeks after reservation - a further 30% of the agreed purchase price. The remainder, which is the final 70% less the deposit, will usually be paid in four stage payments during the build process - one when the concrete skeleton is in place, the next due when all brickwork is finished, then another when all the internal and external tiling has been done and the final payment on completion of the property.

Some investors who buy into a project either at its inception or soon after choose to sell their property before the final completion date, as they are able to offer a brand new home at the current market value, thereby making a great profit. If you are serious about investing in property, talk to our specialist consultants . they will be more than happy to advise.