In many parts of the world developers rely entirely on the funds received by purchasers to not only pay for the construction of their projects but many use purchaser’s funds to pay for the majority of the land cost also. In Brazil, developers must own the land 100% before they can apply for the respective permissions and licenses. This gives added security to the unit buyers and also means that the payment plans that some of our developers offer our clients are far superior to what is available elsewhere.
Purchasers in most other countries are typically given only the construction period to pay 100% of the price, on this project we have secured payment terms of up to 120 months (ten years).
The major benefit of these extended payment plans is not only that it makes purchasing more palatable for second homebuyers and end-users, perhaps the biggest benefit is for investors. When a property is purchased on a payment plan that extends beyond completion the owner may rent the apartment out to tenants and any revenue earnt from these tenants may be used to pay the remaining payments due for the property purchase.
This equates to an opportunity for investors to purchase property with a minimal initial outlay and the potential to own real estate 100% having only paid a percentage of the price with the revenue from tenants paying the remainder.
If however, an investor wishes to pay a larger amount upfront so as to avoid currency risk, further discounts can be obtained from the developer.
Landscape Beira Mar payment plan: