Off-plan property is essentially property that’s still in the development stage and hasn’t yet been completed. A lot of potential investors could be put off by off-plan property, wanting to view a property in person rather than seeing how it will look with CGI and virtual reality footage.
However, off-plan is actually a popular type of UK property, and investing in it can have some big advantages. Because an off-plan property hasn’t been completed yet, the potential for capital growth is high, as the property could grow in value before even being available to rent!
These type of properties will appeal to tenants that want a new build and are attracted to the idea of being the first to live in a property, whilst off-plan properties also give the investor more flexibility to choose the perfect property.
For more of an insight into the benefits of off-plan property investment, check out this handy and concise infographic from RW Invest exploring the reasons why you should invest in off-plan property.