Pre-construction is the most pricing-efficient way to enter a luxury market — and the most exposed to execution risk. Internationally, those risks compound. The framework we use across the LXM Collection focuses on four pillars: developer credibility, escrow and deposit structure, jurisdictional protection and exit liquidity.
Developer credibility is the most underweighted variable. We look for a track record of at least three delivered projects in the same jurisdiction, on or near the original delivery schedule. Logos and brand partnerships are useful signals but not substitutes for delivered product.
Deposit structure matters more than headline payment terms. Where escrow is enforced (Portugal, Spain, Florida), buyers carry materially less risk. Where deposits flow directly to the developer (parts of Latin America), the developer balance sheet becomes the credit risk you are taking.
Exit liquidity is the variable most buyers ignore. A pre-completion resale market only exists where (a) the developer permits assignment and (b) a depth of qualified secondary buyers exists. Without both, you are committed to taking delivery.
