How investors can secure viable off-plan purchase

How investors can secure viable off-plan purchase

Ideas & Debate

How investors can secure viable off-plan purchase

Tuesday December 07 2021 real-estate

3D rendering of a Real Estate and construction concept. FILE PHOTO | NMG

By NORAH MUTUKU
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Summary

  • An off-plan purchase is an arrangement where the purchaser invests their money into a project or a property that is yet to be developed or to be completed, on the promise that the property will be fully constructed within a particular time span.
  • Most buyers and investors are attracted to off-plan purchases due to the lower prices offered by the developers, as compared to investing in already constructed houses.

Many Kenyans consider real estate as one of the most stable and secure forms of investment. One of the options available to a person wishing to invest in real estate is to purchase the property “off-plan”.

An off-plan purchase is an arrangement…

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