The shiny brochures don’t tell the whole story. Off-plan purchases carry significant risks, including:
· Legal risks — banks’ charges can override your interest if the developer defaults.
· Fraud — rogue developers may disappear with deposits.
· Delays — projects can stall for years, affecting investment timelines.
· Quality issues — the finished unit may not match the promised specs.
· Financing gaps — banks are often stricter with off-plan mortgages.
· No immediate returns — unlike rental property, you won’t earn until completion.
Understanding these risks is the first step. The second is mitigation — which is what we’ll cover next.