About Off-plan Properties

Buying off plan simply means purchasing a property from architects’ drawings, as opposed to a finished building. Typically these drawings are presented in the form of a sales brochure from the developer. Planning permission will have been granted, but the building work will not have been completed.This is usually the most cost effective way of purchasing a property. To a developer, time is money. Developers want to sell their product quickly and will therefore price their product accordingly. The quicker they can finance and build their development, the quicker they can take their profit and start the process all over again. This is one of the main reasons property investors buy off plan.