Gifts and Discounts to Tempt Property Investors

Gifts and Discounts to Tempt Property Investors

15:56 PM, 15th September 2011, About 13 years ago

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"Buy one get one free in property??"

Desperate property sellers are flirting with some extravagant discount offers to attract cash-rich buyers.

The latest ploy is a ‘buy one house, get one free’ deal on new homes, but other bonus offers include an art collection and a speedboat.

Where cash discounts and help with finance are offered to many new home buyers to make homes affordable, these top of the range incentives are aimed at wealthy property investors.

Estate agent Brendan McGlynn came up with the buy one get one free offer to clear the last homes on a new estate in Donegal, Ireland.

The homes, priced from £120,000, are three-bed semis awaiting finishing touches on the inside – like fireplaces and kitchens.

The deal for property investors is buy one and pick up the neighbouring house free.

“There is no catch,” said McGlynn. “we simply want to sell the houses so the builders can move on to a new development.”

“We have had thousands of calls. The main interest has come from cash investors.”

For investors with more high-brow tastes, a former rectory near Honiton, Devon, is for sale at £1.3 million complete with a £180,000 art and antiques collection.

Owner Simon Hirst said: “Even the rugs are going to the buyer. They belong in the house and it would be wrong to move them anywhere else.”

Dr Andrew Pearson hopes his offer of a classic 36-foot Hagg speedboat worth around £25,000 will make a splash with prospective buyers.

He is selling a stylish four-bedroom detached house at Newton Ferrers, near Plymouth, Devon, for £2.5 million. The house is on a river and includes a private quay and jetty.

“I’m going to give the buyer the boat. The design is a classic,” said Dr Pearson.

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