Off plan
 |
This article may need to be wikified to meet Wikipedia's quality standards. Please help by adding relevant internal links, or by improving the article's layout. (October 2010)
Click [show] on right for more details.
No reason has been cited for the Wikify tag on this article.
|
 |
It has been suggested that this article or section be merged into Off plan property. (Discuss) Proposed since November 2010. |
Off-plan (or off the plan) property is a property that has not yet been fully constructed. Some developers offer the chance for buyers / property investors to purchase a property before work has started. This is supposed to benefit the developers as they can secure funds and sales before the start of the construction work, and also the buyer, as they will usually be able to purchase at a lower rate with favorable payment options.
Typically, property developers will offer discounts of between 15-20% to encourage initial investment and help pay for ongoing development costs.
Properties sold before they are constructed or completed are referred to as pre-sale properties in Canada and the United States and off plan properties in the UK, Australia, and elsewhere.
[edit] External links
 |
Wikimedia Commons has media related to: Off plan |
 |
This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (June 2007) |
 |
This real estate article is a stub. You can help Wikipedia by expanding it. |
