Definition, Meaning & Synonyms
off-plan
adjective
/ˈɔːf.plæn/
Definition
Referring to a property or real estate purchase that is made before the building or development has been completed.
Examples
- Many investors are attracted to off-plan properties because of the potential for price increases by the time they are completed.
- She decided to buy an off-plan apartment in the new downtown development.
- He preferred purchasing off-plan to have a say in the final design of his new home.
Meaning
When someone buys an off-plan property, they are buying based on architects’ plans and future designs rather than a completed structure.
Synonyms
- pre-construction
- proposed
- future
