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 Mali.
Mali's economy has shown steady growth over the years, primarily driven by agriculture, mining, and services. With the development of new sectors, such as infrastructure, there is potential for continued economic expansion. A growing economy often translates into an increase in demand for both residential and commercial properties.
There are opportunities not only in residential development but also in commercial real estate (offices, retail) and the hospitality sector (hotels, resorts). As Mali develops further, the tourism and business travel sectors are expected to grow, and the demand for related infrastructure like hotels, conference centers, and retail spaces will rise.
Mali is becoming an attractive destination for foreign investors, with a focus on sectors such as mining, agriculture, and real estate. Foreign direct investment (FDI) is helping improve infrastructure and stimulating the local economy, which could benefit real estate investors in the country.
Real estate prices in Mali, particularly in comparison to more established markets in West Africa, may be lower, allowing investors to enter the market at a relatively low cost. As the economy grows and urbanization increases, the value of real estate can appreciate significantly.
