Overview
Buying off-plan means purchasing a property before construction is complete. It can provide access to newer developments, staged payment options and potential capital growth.
Advantages
- Lower entry prices in some developments
- Flexible payment schedules
- Brand-new property
- Potential appreciation during construction
Risks to Consider
- Construction delays
- Specification changes
- Market fluctuations
Before You Buy
- Review the developer's track record.
- Understand the construction timeline.
- Confirm payment milestones.
- Read the sale agreement carefully.