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MARKET TERMS

Secondary market

Also searched as: resale market

The market for ready, previously owned property, as opposed to buying off-plan from a developer. Secondary purchases complete in weeks, are financeable at higher LTVs, and their prices are visible in the registered transaction record rather than a launch price list.

Secondary is where registered data works hardest for a buyer: every comparable sale in the building is on record. The trade-off against off-plan is paying today’s full price with today’s money instead of a plan.

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This explains the general case. If Secondary market has come up in a live deal of yours, talk to the team: specific answers, registered numbers, no obligation.