Off-plan investments are some of the most popular types of property ventures in the UK. For first-time investors or those that are new to the property industry, however, you may be feeling unsure of what off-plan property means and what off-plan investments involve.
So what is off-plan property? Buying off-plan is the process of purchasing a property that is yet to be built or is still under construction. This type of investment is advertised to investors using advanced technology known as computer-generated imagery, which is created to show potential buyers what the finished product should look like.
If you’re an avid investor, you may have already pondered the possibility of investing in off-plan property, but due to scepticism, you haven’t gone through with it. This might be due to several misconceptions associated with off-plan investments that scare investors away. Even if you’re ready to purchase an off-plan property, there’s likely to be a number of questions to ask when investing in off-plan property that you’ll think of. To clear up any misconceptions and answer any commonly asked questions, we’ve created the following guide which will outline everything you need to know about off-plan – your next investment. Keep reading for more information!