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Prime Property

Prime Property

Date: 2020-03-13

Pioneering Property Payment Plans

New generous post-handover payment plans are available from real estate developers including Baraka Read in Izinga. This innovative financing option has provided an important resource for many residents who had been priced out of the local luxury property market, this scheme has also opened an avenue for overseas buyers to consider investing in local real estate.

The post-handover payment plans are best suited for both end users and overseas investors as the buyers don't have to upfront all the costs at once, which gives them the leverage to buy a bigger property as the payment is spread over an installment period.

With property prices at their most affordable, combined with sweet deals from developers, it is definitely the best time to consider property investment options in Umhlanga.

Payment options for off-plan and ready properties differ significantly from developer to developer. From a 10% deposit to zero deposit required with an extended installment period as well as having the option to fund a partial portion of the purchase with a pre-approved bond amount and settle the remainder using the installment plan.

With a variety of financing options available, it can be said that it is the perfect time to get onto the property ladder.

All in all, right now is a great time to buy. There are a lot of excellent offers with consumers being spoilt for choice.

Sellers and developers have realised the market that we are in, so they are leading the way with more affordable prices and new ways of negotiating property financing.