This type of purchase is probably the most popular way of buying a new property however the exact structure will vary depending on the development and of course the relevant country, the mechanics is more or less the same.

The developer will provide detailed plans were you chose a lot, sign a contract to buy a property which will be ready normally 12 to 24 months later. You then put down a deposit of typically 10 to 20% and the remainder is either paid in a lump sum at completion or in stage payments throughout the construction process.

Effectively you are buying a property at today’s prices and putting down a proportion of the money at the start. This then acts as a deposit with the view of making a capital gain over the construction phase of the property development.

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Michelle McIlroy regularly promote seminars throughout Northern Ireland were you can come along and view the property investment deals that they package for local investors.

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