Risks and Mitigation Strategies in Off-Plan Investments

While off-plan investments offer numerous advantages, they also come with risks. Potential challenges include construction delays, changes in market conditions, and the possibility of the developer failing to deliver as promised. To mitigate these risks, investors should conduct thorough due diligence on the developer, review contractual terms carefully, and consider purchasing through escrow arrangements that protect their funds until project milestones are met. Engaging legal counsel experienced in real estate transactions can also provide added security and peace of mind.