Primary and Secondary market: where to invest safely and profitably?

The chance to breathe life into every detail and fill it with your individuality or the opportunity to stop by on the day of purchase to change ready-made design solutions as necessary and adapt them to your comfort standards. both options are good in their own way, but which is better?

The primary market: the path from the foundation to the move

It's always nice to see how step by step your dream finds its embodiment in reality. If we are talking about buying an apartment on the primary market, you will have to be patient and persevere. It takes several years for a skillfully drawn model to turn into a mighty building. But this is only if the developer you choose turns out to be a man of his word and bring the project to completion. In general, the primary market consists of a number of "bonuses" for which investors loved it so much:

• you get a market novelty that embodies modern construction technologies, innovative forms and quality materials. Each new project learns from the experience of its predecessors and tries to surpass them
• the new house literally grows before your eyes, so you can assess the quality of the work and make sure that the apartments will serve you for many years, and not fall apart from the breath of the wind, as happened with the hastily made huts of the three little pigs
• when buying real estate from a developer, you have the opportunity to "run into" his generosity - sometimes developers give seasonal discounts, and the program installments is generally a common practice
• it will be possible to build and tear down walls as you wish, if you bought an apartment at an early stage of construction. Many developers are not against making changes to the original layout to make it more comfortable for future residents
• by buying literally bare walls, you save a lot because you only pay for them. The cost of further repairs depends only on you and your wishes. Maybe you don’t want to do it at all, but turn unfinished housing into a great way to make money - Property reassignment is considered a common practice among investors

☝️ Not only the reputation of the developer, but also factors beyond his control can affect the duration of construction, as it happened in 2022. Most of the projects were frozen, against the wishes of their authors. Currently, more than 70% of construction sites have resumed their activities with renewed vigor. It is impossible to finish the work in the previously agreed time, but everything is being done so that the owners of the square meters can move in as soon as possible.

Secondary market: an instant step into a new life

If waiting isn't for you, there's a way to speed up the path to your dream home. The maximum time spent can be associated only with your torment about which of several options should be chosen. In this case, you can always consult our experts to weigh all the objective pros and cons. The secondary market has advantages that are hard to argue with:

• a completely ready object is ready for use, so you do not have to spend months on repair work and choosing the optimal design solution
• the styles and colors make the eyes run away. Sometimes on the market you can find unique author's projects in which every detail is part of a complete composition
• even if you need minor cosmetic repairs or need to buy some furniture, the costs will be much lower than when buying an apartment on the primary market
• owners are often willing to make concessions and lower the cost a bit. Sometimes it's easier to lose a few crisp bills than to spend precious time looking for another buyer
• you can just as profitably resell your property as they do in the primary market. Renting an apartment will be an additional earning option

☝️ Buying an apartment on the secondary market does not mean at all that you will be waiting for old worn-out furniture and repairs that have become obsolete. Many real estate market players prefer multi-way combinations: 1) buy an apartment in a new building; 2) make an excellent repair; 3) sell the finished object. This tactic takes time, but promises a good profit, so most often luxury apartments put up for sale in new residential complexes fall into the hands of new owners in perfect condition. You will be the first to sleep in this bed, eat breakfast at this table and pour tea on the way from the kitchen to the bedroom.

Which market should I go shopping for?

There are no wrong decisions in the real estate market because an experienced expert always knows how to get profit and benefit for his client from any object. Speaking about the primary and secondary market, you cannot put them on different sides, because they both guarantee the achievement of the desired result, although they differ in some aspects. Choosing your path in the real estate market, you will have to be guided not so much by objective facts as by your subjective preferences.