Off Plan

• Lower Price: Buying an off-plan property can sometimes be cheaper than buying a pre-existing property, as developers may offer discounts to encourage early purchases.
• Potential Appreciation: As the property is not yet constructed, there is potential for the property value to appreciate significantly by the time it is completed, which could lead to a good return on investment if you decide to sell it.
• Customization: Buying off-plan allows you to choose the property's finishes, fittings, and layouts to match your preferences, giving you a sense of ownership and control over the property.
• Long Payment Terms: Developers often offer long payment terms, which can make it easier for you to manage your cash flow while the property is being constructed.
• Energy Efficiency: Off-plan properties are usually constructed with the latest energy-efficient features, such as insulation, double-glazed windows, and renewable energy sources, which can help you save money on utility bills.

However, it's important to keep in mind that off-plan mortgages also come with potential risks and challenges, such as potential construction delays, the need to make payments before the property is completed, and the risk that the finished property may differ from what was initially promised. It's essential to conduct thorough research, work with a reputable developer, and seek professional advice before making any decisions related to off-plan mortgages