| You can now have 130,000 very good reasons | | | | is right to take a profit. |
| not to buy property 'off plan' as an investment, | | | | Or, as many have done, building their own |
| or to put it another way, EUR130,000. | | | | property on the land - either for their own use; |
| That's how much one couple have estimated they | | | | for rental or for sale. |
| saved from cutting out the developers - and their | | | | The long-term outlook for Crete is thought by |
| hefty profit mark up - by purchasing a plot of | | | | many to be one of the most promising of all |
| land themselves and having a villa built to their | | | | overseas land and property prospects - yet right |
| exact specifications. | | | | now land prices are attractively low. |
| This gave them the opportunity to acquire a | | | | For the IFA, this is the ideal time to turn clients |
| property with a value well beyond their available | | | | off the idea of "off plan", and onto something |
| investment budget, and the potential for a much | | | | that could pay them handsomely - rather than |
| higher return when selling the property on to | | | | paying thousands into the developers' pockets. |
| investors seeking a more tangible asset than | | | | The proud owners of this house would like to |
| stocks and shares. | | | | share their success story with anybody, who is |
| This has given those investors an attractive | | | | interested to invest in land or any other kind of |
| choice of options. Buy land with a view to long | | | | property in Crete, Greece. After all, there are not |
| term capital gain - leaving it undeveloped to | | | | a lot of success stories in our days, are they? |
| appreciate in value and then selling when the time | | | | |