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Off-plan Property Exchange - The Greater Fool Theory

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The greater fool theory, in all its glory. Do you fancy bailing out someones off-plan get rich quick punt ? If so read the Citywire article, then go to to the website.

Article extracts:

Having trouble getting rid of that new property which looked so attractive off-plan? A new website providing a platform for buying and selling off-plan properties has been launched at www.offplanpropertyexchange.com.

Many mortgage lenders are refusing to lend on new properties because of the difficulties in establishing their real value in the face of discounts, cashbacks and other incentives from developers.

This has had a knock-on effect on off-plan properties, particularly where the buyer had hoped to sell at a profit before the property is completed and they have to cough up the full purchase price. Some buyers want to offload their off-plan properties now and there could be some bargains around for cash buyers.

Full article here:

http://www.citywire.co.uk/News/NewsArticle...VersionID=94719

What are you waiting for, you've nothing to loose, only your money - here is the website itself.

http://www.offplanpropertyexchange.com/

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