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 Jordan.
Jordan’s location in the Middle East places it at a key crossroads between Asia, Africa, and Europe. The country has access to both the Red Sea and the Dead Sea, and is close to other major markets in the region, making it a prime location for international investors.
Jordan has a relatively stable political environment compared to many neighboring countries. The country is also a member of several international trade agreements, which can help foreign investors in terms of business regulations and property ownership laws. This includes the ability for foreign investors to own property under certain conditions.
There is a clear trend towards modern and sustainable real estate developments in Jordan. As demand for high-quality living spaces, modern office buildings, and mixed-use developments increases, new projects are incorporating eco-friendly practices and state-of-the-art designs.
Banks in Jordan offer relatively favorable financing options for both local and foreign investors, making it easier to access capital for real estate development. Interest rates on loans can be competitive, and government-backed programs often facilitate the process.
Real estate development in Jordan offers a variety of investment options, from luxury residential units in growing neighborhoods to commercial properties in the capital, Amman, and other emerging cities. Investors can choose from a range of property types to match their financial goals and risk tolerance.
