The first and most important criteria when purchasing on a new development is to take in account its location. This is one of the most important assets of a property as it will always hold value if the location is great, regardless of the market conditions. On the other hand, you can’t make an average location great. Another important aspect when looking at the location is to take into account the neighbourhood and infrastructure within the area.
The second most important consideration is to find out the reputation, accreditation and reliability of the builder. A great idea is to learn of the quality of their work by knowing what they have previously built and visiting any finished construction they have delivered.
The last consideration is related to due diligence and legal checks. The purchaser or their solicitor should check that the technical project has been approved, the building license has been granted and the bank guarantees are in place.