IFAs should consider advising their clients on direct off-plan property investment as an alterative to property funds, according to Young Group, an off-plan portfolio manager specialising in London.
Off-plan property is a building development that is still undergoing construction and some developers allow investors to buy property before construction has even begun. This investment type can be beneficial to developers, as they receive initial project finance, and also to investors because they can receive discounts and favourable payment options. However, Young Group believes that many IFAs are not recommending off-plan investments because they do not have enough experience of the industry. Neil Young, chief executive of Young Group, says: “We look at IFAs and felt they weren’t offe...
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