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 Georgia.
Investing in new real estate developments in Georgia (the country in Asia, not the U.S. state) can be a very attractive option for several reasons:
Georgia’s geographical location makes it a key transit point between the continents, especially for energy and trade. Its proximity to both the European Union and the emerging markets of Central Asia and the Middle East makes it a strategically important hub.
Compared to Western Europe or more developed countries in Asia, real estate prices in Georgia are still relatively affordable, offering significant upside potential in terms of value appreciation, especially in cities like Tbilisi and Batumi.
Investing in Georgia’s real estate market offers attractive potential for high returns due to its strategic location, favorable economic conditions, low tax rates, and growing demand for both residential and commercial properties.
