Sentence examples for plan property from inspiring English sources

Their indignation about the power of City privilege, Mayfair billionaires and "rich foreign investors" buying "off plan" property from marketing suites in Hong Kong is dwarfed by their helplessness in the face of it.

Now, Mr. Soning said, "the off-plan property market is potentially going to be dead for a long time".

The worst hit in the short term will be buyers of off-plan property who, for whatever reason, are on a fixed timeline to sell.

'Four years ago buyers could put down 30percentnt on an off-plan property, sell it before completion and make 100percentnt,' he says.

The general consensus is that for short-term speculative investors looking to quickly resell their off-plan property for a hefty profit, the party is over.

In the end, Jonty Crossick, director of Ready2invest, an off-plan property investment specialist in Brighton, England, said it was important to remember that real estate was a cyclical business.

''Two or three years ago someone would have bought an off-plan property with the feeling that they'd be able to obtain a mortgage on the basis of a rising property value,'' he said.

Now, Soning said, ''the off-plan property market is potentially going to be dead for a long time.'' Industry experts say it is the credit crunch that did the killing.

But an apartment at Salford Quays in Manchester would cost you twice as much as a comparable property at Dubai Marina, and if you were in your twenties, starting out, I know where I'd rather be.' Faced with the vast array of off-plan property available in Dubai, the question is how to choose.

''Mortgage lenders won't lend on off-plan property in the current tight credit market, viewing off plan as an increasingly risky property type in case the development never gets finished and the developer goes under,'' said Camilla Dell, a buying agent at Black Price Property Solutions, who works in the central London market.

But they said coming to them for help when the mayor was planning property tax rebates for homeowners was awkward.