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Tag: Commercial Property, Insolvency, Residential Property

Off-Plan Flat Purchasers Likely to Lose Deposits Following Developer Insolvency

Off-Plan Flat Purchasers Likely to Lose Deposits Following Developer Insolvency

Purchasing flats before they are built in so-called ‘off-plan’ transactions is a popular means of snapping up desirable properties at reasonable prices. However, as one High Court case showed, such investments are far from risk free and should never be hazarded without taking professional advice.