Saturday July 4, 2020

Property Pulse: Is off-plan coming on trend again?

Practice was common during the boom, but there are risks, writes Tina-Marie O'Neill

27th May, 2017
House price inflation a factor in increase in off-plan buying. Pic: RollingNews.ie

The term “buying off-plan” reared its head above the virtual property sector trenches last week. Twice, to be exact.

Buying “off-plan”, for the uninitiated, is the practice of purchasing a property – usually an apartment – either before construction begins or in advance of completion. It was common practice during the property boom some 15 years ago or so. The benefits to buyers included securing a property typically at a significant discount and...

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