While new-build properties typically garner significant attention, they frequently come with premium price tags compared to older residential developments. One avenue for accessing newly constructed properties at a more affordable cost is through off-plan property investment.
This approach involves purchasing a property at an early stage of development, often before construction begins, enabling investors to secure it at a discounted rate relative to standard market prices.
Investing in off-plan properties presents the potential for substantial capital growth upon completion. Typically, as a property nears completion, its value tends to increase. Moreover, in sought-after locations, there is often robust tenant demand, potentially resulting in higher rental yields over time.
The most promising off-plan investments are typically found in areas with established infrastructure and emerging rental markets. Areas undergoing regeneration are often representative of greater potential for future new-build developments and capital appreciation.
While there may be some opportunity for off-plan investment in the Portsmouth rental market, investors might discover greater profitability and capital appreciation by focusing on UK cities with a higher concentration of forthcoming new developments.
