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chall1 | 11:23 Mon 04th Jun 2007 | Business
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is it cheaper to buy a house off plan ???
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It may be - but it's a gamble. You are giving them money for something that doesn't exist, and when it is built the value may be less, for many reasons.

Some people make a lot of money buying off plan and selling for a massive profit. Other people have lost a lot of money.

You need to research the market. A good pointer is to look at the number of established properties for sale in the immediate area. Are they selling well, or is there a glut? Are there plans to build lots of new properties?

Research is the key.
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