Buying off plan means purchasing a property in the initial planning stage or in early development. As per the purchase contract, each stage of the construction process certain payments are required from the developer. Naturally, off-plan properties are offered at a discounted price.

Buying off plan is not a new concept. Many investors have been doing it in the UK and abroad. However, this trend is on the increase as more clients are beginning to realize the benefits of buying properties off plan.

How does it work?

Smart investors are getting to know about the new developments launched at the very early stage and pick and choose the best possible prices and properties. As a general rule the prices usually go up during the period of construction. Value is added to the property when the construction commences, foundations are laid, when the rough works are finished and when the complex is completed.

As many off-plan developments last for a period of 12-24 months, the investor with a little financial outlay secures the price and in most cases enjoys a healthy capital growth if he/she chooses the right development.