Development project is the term we use in connection with the construction of real estate, including apartments, single-family and townhouses and other properties.
What is a development project?
We understand a development project as a new construction of family houses and apartments, it can be understood as an investment plan for the construction of real estate with the aim of selling or renting it. It is most often the construction of flats and family houses (new buildings), but it can also involve commercial premises or amenity buildings.
Are you considering buying a new building in a development project?
Do you want to buy a new apartment as part of a development product? Or do you want to buy a new house that is still under construction or awaiting approval? Check who is building it and ask for references to avoid the possibility of them not completing the building.
Our tip: When you take out a mortgage to buy a new flat or other property within a development project, first try the bank that finances the developer. You would save yourself a lot of time and the whole process would be easier.
