Off plan already showing results in London and greater UK
Brett Alegre-WoodChairman, YPC Group
Hey guys,
Well I think it's safe to say that I called the right time to jump back into off plan property.
In addition to most professionals calling the bottom and the subsequent recovery, the last 3 months has seen various off plan developments releasing further phases at prices as much as 12.8% higher.
To put that in perspective, that's 12.8% in under 3 months.
You need to stay educated...
Grab my FREE weekly property mastery e-newsletter and learn the very same information many have paid thousands to learn. It's valued at £199 per year and each week, I'll teach you everything I've learned while building the portfolios of thousands of my clients over the last 15 years. Learn from my experience and avoid making the mistakes I did!
You'll learn all this and more in just the first 3 weeks of this newsletter:
 Plus, a special bonus: you'll receive Brett's regular video updates, delivered straight into your inbox, where he turns on his video camera and decodes the week's property news for you!
|
Join our newsletter list for FREE today and you'll receive as a bonus a complimentary copy of Brett Alegre-Wood's best-selling book The 3+1 Plan!
You'll learn the safest time-proven strategies that will guide you and grow your portfolio during any economic boom, bust, recession or downturn.The 3+1 Plan is a step-by-step guide that will show you how, with just four properties, you will be able to fund the lifestyle you have always wanted. Even before you retire! Immediately you register for our newsletter we'll send you the PDF download link for this award-winning book so you can start reading right away...
| ||||||||||||
| |||||||||||||
Now we don't expect for a minute that it will continue to grow at the same rate, but those who bought ought to be over the moon, even after this short period.
To be able to own a property while it's being built without having to deal with any of the usual landlord issues is one of the best things in property investing and it's why I love off plan bought at the right time in the market.
We have now released two types of off plan. Well, more specifically, more two geographical types: London off plan (which in most cases we are using exchanges bonds) and, UK wide off plan which is generally 5% cash input on exchange.
It's generally said that London leads the way out of any recession and I don't see why it will be different this time. London has the best fundamentals of any city, period. Even though your capital requirement will be double that of a non London, the capital appreciation is likely to be worth it.
But don't discount the UK-wide off plan. Developers' prices are much more reasonable in today's market and they've been told by the banks to accept offers. Good news for the investor.
As a guide, London discounts are around 5%-10% below developers' asking prices, and UK-wide is around 15%-20%.
Many are fooled into thinking that off plan is no good because 'it's not 35% discount' like some stock was in late 2008. They need to wake up to the fact that the market has moved since then and the only 35% discounts you're likely to see are what I like to call the 'arse end' stock. Ask yourself: if it wasn't good enough to sell then, what makes it a worthwhile investment now?
Off plan is definitely the way forward now. Naturally, stock is great if you can get it but good stuff is becoming almost impossible to find. Be realistic with your discounts expectations and you'll bag a bargain that will grow tremendously for you, even before it completes.
Remember whatever you buy now is coming from a low base. Even if prices drop away again over the winter, I am suggesting 5% maximum), it's still worth getting in now as long as you should be taking a long view.
Let's face it - with developers back on the building sites after their forced breaks due to the recession we'll be seeing a lot more phased price increases as the market does exactly what it does best - make cycles.
If you're ready to get educated about off plan property, either call the team on 0207 812 1255 or go to http://offplan.yourpropertyclub.com.
Live with passion,
Brett Alegre-Wood
Reader comments for the article 'Off plan already showing results in London and greater UK'
You're invited to join in the discussion of this article. Do you have advice to share? An opinion or some feedback that adds to the discussion? Feel free to add it below! (Please note though that ALL comments are checked before they're posted.)
Brett reporting from Malaysia, should we open up an office in Malaysia?
How will the Euro affect you as an investor?
Is it realistic to have cashflow positive investment property 100% of the time?
How Much Capital Do You Need To Get Started In Property Investment?
How Quickly Should An Investor Build Their Property Portfolio?
Brett reveals London's newest, still-unknown hotspots in new video