Goldberg Global. Agree with much of what you say, but will chip in my tuppence worth where I disagree.
Bank guarantees, like normal insurance products, differ in what they cover. Potential investors should assess what the guarantee covers, and more importantly, what it doesn’t cover, prior to investing. Sadly very few make that assessment. My point here is that people need to realise that having a bank guarantee may not be adding much of a safeguard to their investment.
You also mention missing out on profit made from construction if you buy the finished product rather than off-plan. I disagree (in general.) Off-plan prices are generally what the finished product would go for if it were available today. Any appreciation that comes tends to be from house price inflation, not ‘construction profits.’ Those profits go the developer.
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