Off-plan property refers to real estate which is sold by developers before it is actually constructed. In other words, you're purchasing a property that exists on paper and in the developer's plans but are still under construction.
Investing in off-plan properties is a smart way to enter the real estate market at a much lower cost compared to buying already-built properties. When you invest in off-plan, you instantly gain equity. This means that if the market goes up, your property's value can rise, leading to a substantial return on your investment.