Investors rush to buy off-plan

Buying properties before they are built is the first choice for investors looking for property to rent, claims the latest survey commissioned by The Property Investor Show.

More than one thousand people have already registered to attend the show, which is at ExCeL in London on September 20- 22. With four weeks still to go, this puts the show on target to attract at least eight thousand visitors.

They were asked what most interested them and 45.66% said they were interested in buying new, off-plan. The attraction is that prices are discounted when the property is bought, so investors can buy a property below market rate.

Richard Morris of Homebuyer Events, the show organisers, says: “One thousand people is a significant base, and they are telling us that buying new build, off-plan is the most popular approach to investment. No other single subject in our survey came near.

“The survey result will come as a major boost to the developers who are exhibiting at the Show. Homebuilders Copthorn Homes, Redrow, Barratts and Greenwich Millennium Village will be unveiling new-build developments which are still seen as a good buy-to-let investment in the London area.

“London investors are also increasingly attracted to properties in the North, where agents and developers like Morgan&#39s and Urban Splash are able to offer much higher rental yields from new-build and renovated city centre developments. ”