The primary market - everything you need to know about it!

09

10.2024

When deciding to buy a property, future owners of their own four corners of the house face a difficult choice: primary or secondary market? And although second-hand flats may attract with their attractive price, it is the primary market that is becoming more and more popular year on year with people planning to buy a flat. What is the reason for this phenomenon? What are the characteristics of the primary market and what should people bear in mind when deciding to buy a flat directly from a developer?

What is the reason for the interest in the primary market?

Among potential property buyers, the vast majority are people whose housing interests revolve around the primary market. This is primarily due to the possibility of arranging the desired premises in any way they wish, without the need to carry out any construction work in the form of tearing up floors or removing walls. The development state is characterised by pre-finished rooms, so it provides a good basis for further renovation work, at the same time leaving room for the expectations of future homebuyers regarding the choice of materials and style of the flat.

What is more, it is not uncommon for purchasers of premises to be able to influence the cosmetics of technical issues while still at the design stage. As part of so-called tenant alterations, it is possible to request modification of sanitary, electrical and heating installations, as well as modification of the arrangement of partition walls or the choice of the colour of window joinery.

The condition of the building itself may also play a large role in the decision concerning the primary market. The purchase of a second-hand flat, i.e. one whose location is several years old, may cause concern among future owners about the condition of the building and a possible increase in rent due to insulation or façade work. However, in the case of a new flat, its location should also not be a cause for concern - after all, the block or apartment building was approved by the building supervisory authority just a short while ago.

Check: Why buy a flat on the primary market?

Primary market - not just shell units

It is also worth mentioning that by the term: "primary market" should not only be understood as. premises in development stateThe advantage of fully furnished flats is, above all, the short waiting period for moving in. The advantage of comprehensively furnished flats is, above all, the short waiting period before moving in. Property buyers do not have to spend time on the construction project themselves, nor do they have to supervise a selected construction team.

Turnkey flats They have another advantage: they allow you to influence the design without involving the flat owners in any renovation work. At NUX Apartments, we take care both to create a comfortable space and to transfer the design principles into the living space.

The primary market, like the secondary market, has its staunch supporters as well as its absolute opponents. However, it has to be said that despite the many advantages of second-hand flats, new flats are an exceptionally comfortable base for creating a space fully adapted to the individual needs of its occupants, regardless of whether we arrange it ourselves or with the help of professionals.

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