{"id":82254,"date":"2021-04-28T14:32:00","date_gmt":"2021-04-28T13:32:00","guid":{"rendered":"https:\/\/sevencapital.com\/?p=82254"},"modified":"2021-04-28T16:29:53","modified_gmt":"2021-04-28T15:29:53","slug":"should-you-buy-off-plan","status":"publish","type":"post","link":"https:\/\/sevencapital.com\/investor-resources\/should-you-buy-off-plan\/","title":{"rendered":"Should You Buy Off-Plan for 2021?"},"content":{"rendered":"

If you haven\u2019t already, you should probably start thinking about your investments for next year. As 2021 rapidly approaches, now is the perfect time to sit back and take stock. With diversification so important in today\u2019s climate, we\u2019re asking the question: should you buy Off-Plan for 2021?<\/span><\/p>\n

It\u2019s a common query that appears time and time again across the industry. Offering unique advantages for investors over the long-term, an Off-Plan property – when paired with a quality location – can be ideal for maximising returns from an emerging market. With that in mind, you also need to consider if the <\/span>property market forecast in 2021<\/span><\/a> and beyond suits buying off the plan.<\/span><\/p>\n

Buying Off the Plan for Investment<\/b><\/h2>\n

Since Off-Plan properties are bought during development, the key advantage many investors find is the opportunity for it to grow in value by the time it\u2019s been built.<\/span><\/p>\n

If you choose to invest in an area that is building new amenities nearby, has access to plenty of desirable job opportunities or is used as a commuter hotspot, this chance of capital growth is increased.<\/span><\/p>\n

A prime example of this is our Off-Plan development <\/span>The Grand Exchange.<\/span><\/a> Alongside an incredible regeneration plan transforming the town centre<\/span>, this development will be ready to take advantage of the <\/span>17.5% capital growth<\/span><\/a> forecasted for the region by 2025.<\/span><\/p>\n

At the same time, because of its position as a cornerstone of the UK technology industry, it\u2019s also experiencing high levels of demand from tenants that travel or even move for work. Whether this growing young workforce is working in the local area or travelling to London, they want the affordability Bracknell can offer. Similarly, the expected rental yields in Bracknell<\/a> are forecasting excellent returns for investors that want to build long-term returns.<\/span><\/p>\n

This clearly demonstrates the strengths of buying off the plan – our example development is predicted to grow in value, be in high-demand with tenants and is nearly half the price of London despite offering double the potential rental yields.<\/span><\/p>\n

\"The<\/a><\/p>\n

Benefits of Off-Plan Investment in 2021<\/b><\/h2>\n

The benefits of buying Off-Plan aren\u2019t restricted to your location either.<\/span><\/p>\n

Because of the way they\u2019re built and bought, many Off-Plan properties are new-builds and thus, desirable for tenants. This has never been more important in the current market. The effects of Coronavirus on the property market means that more people than ever are analysing where they live.\u00a0<\/span><\/p>\n

Looking ahead to 2021, if you want a property investment with consistent demand, a new build, off-plan property is a great place to get started. People are spending more time at home than ever before. This means that it\u2019s vital to have attractive and practical surroundings – something a new-build can offer.<\/span><\/p>\n

These property types also tend to have all of the mod-cons that the modern renter is looking for. From new appliances to modern, stylish interior design, outdoor spaces and parking, you can typically find a <\/span>quality development<\/span><\/a> that will remain desirable in the long-term.<\/span><\/p>\n

This is especially true of young professionals – a major demographic in the rental market. For these renters, a fresh, new-build apartment is a common first step and the age of the property could be a major selling point, meaning more demand.\u00a0<\/span><\/p>\n

Similarly, renters are increasingly looking for more space and the modern touches that make day-to-day life a breeze, whether that\u2019s extra floor space for a \u2018work-from-home\u2019 office or a balcony to enjoy some fresh air.<\/span><\/p>\n

If you can buy an off-plan property that is completing soon, even better. This gives you that extra peace of mind that you\u2019ll have a running investment but also provides the benefits of value growth during the final stages of build.<\/span><\/p>\n