What Is Off-Plan Property? 

Off-plan property is defined as a type of property that’s not yet been completed.  

Off-plan property investment is when an investor buys a property while still in the planning or construction stages. There are many benefits of buying off-plan properties as an investment, such as below-market value prices and a better choice of units. 

When a property investor invests in off-plan property, they’re buying it while it’s still under construction or in the planning stage. 

There’s rising market demand for off-plan property investments in the UK’s key cities due to the benefits they offer investors.  

Want to know more about what off-plan means? Ready to explore this investment type in more detail?  

Then click the link below to read our helpful blog post on the topic.

Click Here to Learn More About the Definition of Off-Plan Property

Why Buy Off-Plan Property? 

So, you now know what off-plan property is. But what are the benefits of buying off-plan property?  

Why do property investors choose to purchase new build homes that aren’t yet completed? 

In a nutshell, off-plan property investment is considered a strong venture due to three key reasons: 

1. Off-plan property is often priced at below-market value rates. Investors looking to get more for their money will explore off-plan investments due to the lower-than-usual property prices available. 
2. Because off-plan properties are new builds, they’re in high demand from renters in the UK who want a brand new property with contemporary designs and features. 
3. Property investors who buy off-plan property can choose to invest in a wide range of units in one development. This is a luxury not usually available to investors, allowing many to enjoy the freedom of off-plan and cherry-pick the best units. 

Read Our Guide to the Benefits of Off-Plan Property Investment

Where to Buy Off-Plan Property 

When selecting a buy to let investment, it’s essential to invest in the right area.  

But how do you select the right area? Well, you can do so through property market research. 

Some UK cities and regions offer more opportunities, more enticing property prices, and better rental returns than others when it comes to off-plan property.  

In the UK, five of the best places to invest in are: 

• Liverpool. 
• Manchester. 
• Birmingham. 
• Leeds. 
• Sheffield. 

You can learn more about the best places to buy off-plan property and discover why these areas are so popular within the off-plan housing market with our detailed top 10 list.

Just click the button below to be taken straight there! 

Read Our Guide to the Best Places to Buy Off-Plan Property

Is Off-Plan Property a Good Investment in 2023? 

Since the beginning of 2020, the UK property market has experienced a lot of ups and downs.  

In 2020, property prices dropped, only to rise significantly thanks to extreme market demand partly fuelled by the stamp duty holiday.   

As of 2023, house prices in the UK are currently still massively high. Many first-time buyers of investment properties are now considering making a buy to let purchase. But is off-plan property a good investment to make in 2023? 

With an optimistic forecast ahead for real estate market growth, and ongoing demand for new build properties, now is a great time to purchase an off-plan property in the UK.  

To discover why off-plan property is a great investment to consider in 2023, and why it’s a great way to maximise your future capital growth returns, look at our informative blog post below. 

Discover Why 2023 Is a Great Time to Invest in Off-Plan Property