Redo.. Before, I would have thought the same but when the opportunity comes along to make possibly 400k-500k, you would probably do the same.
As I am recently a FTB I would not do it to the average Joe like myself. These are luxury homes being built on Irelands Coastline with prices expected to rise by 500k in two years. I have a chance to buy now off plan.. Is this not known as an "Investment?"
I kicked myself for not buying years ago.. I dont want to regret it again..
Good info Lightweight, but it the property was to rise in value by 500k, I would pay 20% (100k) CGT of which legal fees etc would come out of the 100k if thats right?? Can I negotiate the contract as to be able to "Flip" if I choose, or do developers generally put this clause into their contracts not allowing you to "Flip" the contract?
After all, a two year investment of my 200k deposit means im taking the risk if anything negative were to happen the property market..
Thanks guys for your replies..
Jack