Bankruptcy as a new building risk – this is how you find reputable property developers

2023-09-02 14:00:00

Construction site

With good preparation and careful examination, the risk of getting in touch with an economically troubled or even dubious property developer can be significantly reduced.

(Photo: dpa)

Dusseldorf The growing number of developer bankruptcies is causing unrest – not only among those directly affected. Many wonder whether, in the current market situation, it might be too risky to buy a property that is still under construction. Because what if it suddenly doesn’t go any further?

At the same time, it offers undeniably great advantages: in terms of energy and construction technology, it is up to date – which ensures low running costs and, above all, makes the investment largely future-proof. Last but not least, individual living wishes can usually be implemented more easily in new buildings than in used houses and apartments.

So what to do to find a reputable provider and then minimize the risks in the event of bankruptcy as much as possible? The good news: There are ways to find out which developers are reliable. And unlike twelve months ago, those who are searching currently have enough time for selection and planning – and some room for negotiation.

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web and in our app.

Further