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The recent surge in negative sentiments towards off-plan house purchase is not new. Among other potential pitfalls, the main risk in this type of property purchase is the uncertainty on whether a buyer will actually get the house in the first place. This concern is not bespoke to us, the real estate industry world-wide grapples with it.
The reasons against off-plan properties have been well documented, especially lately, with majority of the pundits strongly advising against this kind of purchase. There are revelations that buyers have been duped and left out of pocket by phony developers.
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