Off-plan property is a property before a structure has been constructed upon it. Buying properties off-plan in the early phases of their development has traditionally presented an opportunity to secure a residential unit at a discount. 

The reason many people like to buy off-the-plan is that they hope the property will be worth more when it is completed. It seems logical that if you were to sign a contract to purchase a property that was for sale at today’s prices, it should be worth more when construction is finished in a few years time. This is based on the real estate principle that as time goes on, property prices go up. Generally, this is the case.

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