Apartments in Bradford - Bradford City Living - for all Property and Flats in Bradford

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Off Plan

Purchasing Off Plan allows you to buy property from developers at discounted prices before building works are completed – discounts offered are typically between 10% to 20 % allowing the investor to take advantage of the capital growth during the build time.

Properties are purchased through mortgages called “Buy to Let”. The finance is secured on the property, usually up to a maximum of 85% of valuation, with the investor funding the remaining balance.

With these discounts on offer, the investor has very little hard cash to invest in order to purchase a property.

Rental income from the property pays the mortgage and the investor is left with an asset that over time will increase in value. Property continues to represent a safe long-term investment unrivalled by any other investment vehicle.

36 over the last 40 years have seen an annual growth in residential property prices - an average house price growth has been 10.3%. In contrast, the FTSE 100 has only risen in 28 out of the last 40 years and average annual growth has been 8.36%.

In Central Bradford, the price of a typical property rose from £127,000 to £145,000 in the year to December 2006, an increase of 14 percent; well above the West Yorkshire average property price increase over the same period of just 8 percent.

Low interest rates and a strong economy in recent years have created the perfect environment for excellent returns in property.

Sources: BCR Market Activity Report 2007; Halifax Plc; Office of National Statistics; Proviser Mortgage; The Barker Report, 2003.