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 Zimbabwe.
Zimbabwe has seen efforts to stabilize its economy and boost infrastructure. The country is slowly recovering from past challenges, which can make real estate investments more attractive as the economy improves.
Real estate provides a good diversification opportunity for investors seeking to spread their risk across different asset classes. With a growing market in Zimbabwe, real estate can act as a hedge against inflation or currency volatility.
Zimbabwe is home to major tourist attractions like Victoria Falls, which boosts the demand for hotels, resorts, and other hospitality-related real estate developments. This could be a lucrative area to consider for investors focusing on the tourism and hospitality industry.
Zimbabwe offers opportunities for foreign direct investment (FDI), with foreign investors allowed to own property under certain conditions. This can appeal to those looking to invest in the African market without heavy restrictions on foreign ownership.
