I have heard that there are several requirements that the residential property must meet in order to be considered an acceptable investment.
Answers
There are indeed restrictions on investments in residential property: (1) The investment must be in new developments (not a renovation or an extension of existing buildings); (2) The development must have been approved and gained any required consents by any relevant regulatory authorities. If they have not been approved, proof that the consents already have been requested; (3) The goal of the investment/development must be a commercial return on the open market; (4) The property must not be intended for family, relatives, associates, etc. of the applicant.
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