Get all your news in one place.
100's of premium titles.
One app.
Start reading
Evening Standard
Evening Standard
Business
Charlotte Duck

Buying off-plan: the pros and cons of buying a home before it’s built

Kate Williams and her husband Paul are downsizing from a five-bedroom home to an apartment due to be move-in ready in 2024

(Picture: Berkeley)

Buying a property before it’s been built, or off-plan, has become increasingly popular in the last few years.

The National Association of Property Buyers found that in 2021, 37 per cent of all new properties sold in England and Wales were sold this way and predicts 2022 will surpass 2017’s previous high of 47 per cent.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.