When it comes to buying property in the UK, many people's first question is - "Should I buy off-plan or second-hand properties?" Simply put, the advantages of off-plan properties are that they are newer and nicer, without as many hidden issues as second-hand properties, providing a relatively guaranteed investment. However, off-plan properties often come with higher prices, which can often result in lower investment returns (generally, the annual return is half that of second-hand properties, or even twice as low as HMOs), and there might even be cases of unfinished projects. The second-hand property market offers more opportunities, but if you want a more secure investment, it's best to find a real estate agent. The following table simply summarizes the pros and cons of both...
Living in Hong Kong, you're certainly familiar with the long-standing high property prices in big cities. This phenomenon has made "investing in bricks and mortar" a reliable investment approach. Looking to the UK, property prices are similarly robust. Take Manchester, the second largest city in the UK, for example. Over the past 20 years, property prices have risen by 315%...
