Are there ongoing costs besides water and electricity associated with a property purchase in Morocco?
Buying off plan simply means purchasing a property from architects’ drawings, as opposed to a finished building. Typically these drawings are presented in the form of a sales brochure from the developer. Planning permission will have been granted, but the building work will not have been completed. This is usually the most cost effective way of purchasing a property. To a developer, time is money. Developers want to sell their product quickly and will therefore price their product accordingly. The quicker they can finance and build their development, the quicker they can take their profit and start the process all over again. This is one of the main reasons property investors buy off plan. Below are some other reasons why you should seriously consider off plan property as an investment: • You more often than not, buy under market value regardless of the market. • You do not have to tie up all your money in one go, allowing you to free up money for other investments. • It takes a lot le
