What guarantees do you have that the developer would not go under or this project would not go under?
Overseas property investors all know that the profits in any investment property abroad are made at the purchase. That is to say the property is bought cheap enough that capital gains are almost certain. Seasoned investors continuously search the overseas property markets for commercial property in gurgaon abroad, but is this really the best way to find a good investment property?
I once learned of an apparent Chinese proverb which said "cheap things no good, good things no cheap "which runs along the lines of if it's too good to be true it probably is.
Cheap property abroad is cheap for a reason and this is where investors will have to place their attention. Why is this property so cheap?
Off Plan property
Pre construction property can bought before a brick is laid and sometimes before even planning permission is granted. Off plan property is a great way to make your profit on the purchase. Typically buying property at this early stage almost guarantees you a profit when the commercial property gurgaon is built and ready to sell. However investors need to study the market, in generally stable markets builders will offer the property cheap enough for investors to make a profit.
Will my deposit be placed in an Escrow Account?
Research the building company, what work have they done in the past
Has the builder secured planning permission and local permissions for the project?
Are there any legal safeguards for foreign investors in the case of non-completion or poor construction work by the developer?
Cheap property for sale it could be the location
Many overseas markets have not been subject to the over inflated prices that many European and US cities have undergone. These prices have been driven by demand over supply. So why has this not happen in the region that is offering cheap property in sector 21 gurgaon? It is clear that many countries are new to the overseas property markets. Former eastern block countries are a good example of this. Regions that do not have very good access and low cost of living will also offer cheap property abroad. However it could well be that there is so much land i.e. supply is plenty that property prices are not being pushed up.
It is clear that cheap property gurgaon in sector 32 gurgaon may not be all it seems but research can make cheap property abroad a profitable business for the overseas property investor. Investors who find cheap property abroad should know the reason why and identify features that will remedy these factors. A good example is a region with a lack of infrastructure but there are plans in place to improve upon these in the not too distant future. This sort of foresight can save money on purchase and make money on sale.
