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 Norway.
Norway has a strong and stable economy, supported by sectors like oil, gas, and renewable energy, along with high living standards. This stability makes real estate a relatively safe investment, with steady demand in key cities like Oslo, Bergen, and Stavanger.
The Norwegian government often supports the real estate market, offering various initiatives for first-time homebuyers and investors. There may be tax benefits and other incentives that make it easier to invest in property.
Norway has a large population of renters, particularly in urban areas. This makes investing in property, especially in growing cities, potentially lucrative, as there’s consistent demand for rental units.
