As demand for new builds grows, it has also given rise to alternative property investment strategies.
Off-plan property investment, for example, has become more popular with investors as of late.
Although new-build properties are more popular with investors and tenants, they are also typically pricier than standard residential properties. By investing ‘off-plan’ (while the development is still in the construction or planning stage), money can be saved by investing earlier, usually at prices below market value. The cost of the property can also be spread out through flexible payment plans, which can offer even more affordability for investors.
In regards to off-plan property opportunities in Exeter, compared to other regions, it may be more challenging to secure a suitable investment here. As mentioned, most new build developments are concentrated in larger cities, meaning off-plan investment options will also be more common in areas like Liverpool or Manchester.