Probably the best way to buy property for an outsider.
What does it mean - well put simply you go and look at development in the process of being built. Most developments take about 18 months from breaking ground to finish and by the time the swimming pool is filled up the builder will want everything sold - this often happens well before this point.
The big advantage is that you can pick the property you want and pay for it in stage payments fixed at today’s price. The further in to a development the more you will be asked to pay so the early birds do get the best deals.
You could buy completely off a plan on a wall - but it’s far more comforting to see a place under construction - and you can get a good feel for the look of the place.
You are probably not looking to move in right away - you have a life back in the UK to get on with right? So it suits most people to wait while their new home is built. You have time to make your plans and dream your dreams before coming to take possession.
Buy a resale property from a developed site.
Upside: Move in on completion.
Downside: Limited choice.
Buy in the local market.
Upside: Potentially cheap deals.
Downside: You could be the only English guy in town. Be sure you are getting clear title to the property.
Find an old property to restore.
Upside: If you have the time - rewarding.
Downside: Everything could go wrong! It could take years and years.
Buy land and get your own house built from scratch.
Now that’s quite a good idea...there are plenty of good builders you can hire who will do the whole job for you.