Primary vs. secondary market – the dynamics of price divergence

The primary market means novelty, but also higher prices dictated by predefined developer margins and skyrocketing material costs. The secondary market usually reacts with a delay, creating a market 'price gap'. Buying second-hand, you can find much cheaper properties, often requiring renovation, which allows for a leap in value after refreshing. The key to maximizing profit and avoiding hidden costs here is bypassing intermediary commissions by dealing directly with the owner.