Ready to Move In - or - Off-plan - is there a shift in buying attitude ?

[dave99]

Is it true that there is currently a shift away from buying off-plan towards buying properties that are actually completed (or just about).

Is it possible that buyers are looking for more certainty about what they are buying rather than hoping for a good deal because what they are buying is maybe 18 months or more into the future.

Is this a knock-on affect from late running projects, some of which are being reported on this and other forums, or a consequence of the world situation or what ???

.
.

[gordies]

I think the majority of people would rather see something complete at the moment. To commit to something that is 18 months away will be seen as a risk bearing in mind worldwide banking collapses and financial restrictions.

I believe most people would want to see a return immediately and a ready-to-go completed unit would in this instance be more appealing.

Gordie

[Rivermead Global Property]

I think due to the issues surrounding some projects in Hurghada people are now wary about buying off plan. If you can buy something complete or almost complete where you can actually see the room sizes, quality of finish etc... it makes more sense even if paying a bit more, it is certainly safer and more headache free.

[thompsonsom]

Originally Posted by dave99

Is it true that there is currently a shift away from buying off-plan towards buying properties that are actually completed (or just about).

Is it possible that buyers are looking for more certainty about what they are buying rather than hoping for a good deal because what they are buying is maybe 18 months or more into the future.

Is this a knock-on affect from late running projects, some of which are being reported on this and other forums, or a consequence of the world situation or what ???

.
.

Does that mean you have sold all your remaining apartments then nigel?

janice

[dave99]

Originally Posted by thompsonsom

Does that mean you have sold all your remaining apartments then nigel?

janice

Hi Janice

Not yet - but now we have something completed to show potential buyers including our amazing swimming pool, it should be easier to convince people that our quality of finishing is better than many that I've seen in Hurghada.

What do you think ???
.
.

[Rivermead Global Property]

Whats that in the top right hand corner?

[dave99]

Its a water feature / fountain that was a gift from our ultra nice and very reliable builder Medhat Roman. He's the guy that's made this all possible and he's giving me gifts, even after I've given him such a hard time to get finished on time !!!.

Originally Posted by Rivermead Global Property

Whats that in the top right hand corner?

[thompsonsom]

Is there much room for sunbeds around the pool, doesn't look to be from the picture or is there more room outside of the picture

janice

[dave99]

There is more space in front of my apartment next to the childrens section of the pool, out of view. Difficult decision when it was designed. There is also a set of bench seating along the right hand wall where you can sit when you're wet, or to put towels on. This wall gets the best of the sun in the winter so is a good place to be.

Originally Posted by thompsonsom

Is there much room for sunbeds around the pool, doesn't look to be from the picture or is there more room outside of the picture

janice

[dave99]

It would seem from recent enquiries that many people are considering cancelling late projects and are looking for completed apartments instead.

Originally Posted by Rivermead Global Property

I think due to the issues surrounding some projects in Hurghada people are now wary about buying off plan. If you can buy something complete or almost complete where you can actually see the room sizes, quality of finish etc... it makes more sense even if paying a bit more, it is certainly safer and more headache free.