If you’re in the market for a new home or apartment, you might be considering buying off-the-plan.

This process involves signing a contract for a property before construction has been completed – which is why it’s important to seek expert legal advise to ensure that you are protected. You can invest in off-the-plan properties at the following stages:

During the planning stages, when an empty lot of land exists
When an existing property is being demolished for new development
When construction is partially complete

An off-the-plan contract is an agreement to sell land, apartments or other property before construction has been completed.

Buyers enter into these agreements with the promise of lower costs for an investment property, while it allows sellers to streamline their sale.