Buying off-plan developments properties that are sold before they are completed—offers several potential benefits for investors and buyers.
Properties are often priced lower compared to completed properties and buyers can lock in a price before the market value increases, potentially offering significant capital gains by the time the property is completed.
Capital appreciation can be advantageous as the project progresses, where property values in the area may increase, leading to higher market values by the time the property is ready.
New construction developments typically meet the latest building codes and energy efficiency standards, which can lead to lower maintenance costs and improved comfort.
Longer-term payment plans may be offered in installments throughout the construction process, which can ease the financial burden. The final payment is usually due upon completion, allowing time to save for the last portion of the cost.
If buying as an investor, especially with off-plan properties in growing areas can provide a strong rental yield once completed.
Warranty and Guarantees often come with new builds, which provide buyers with peace of mind regarding any defects or issues that may arise in the early years of ownership.
Some regions offer tax incentives, rebates, or other financial benefits for new developments, especially those under certain conditions (e.g., energy-efficient homes).
Why Buy or Invest in New Real Estate Developments in Malawi.
Malawi has experienced steady economic growth over recent years. As the economy improves, there is increasing demand for both residential and commercial real estate, making it an attractive market for investors.
Compared to more developed countries, property prices in Malawi are still relatively affordable. This makes it possible for investors to acquire land or properties at lower costs, with the potential for significant capital appreciation as demand grows.
In many areas of Malawi, there is a shortage of modern, high-quality housing. Real estate developers who can provide these properties are well-positioned to meet growing demand.
As global investors look for emerging markets with higher returns, Malawi presents an opportunity, particularly in areas where infrastructure and development are catching up to demand.
Ongoing improvements in roads, electricity, water supply, and telecommunications increase the attractiveness of certain locations for real estate development. This investment in infrastructure supports the appreciation of property values over time.
