Buying a property off-the-plan means signing a contract to purchase a property that is yet to be built. You can view the design and building plans but there is no physical property to see or inspect.
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 but not always so.
If you are in the market to purchase an off the plan property, contact Sargeants Conveyancing DV, and we can answer any of your questions and hep to to make the best purchase decision possible.
