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An off plan property is a property that is sold before it has been
constructed and where the buyer only have the property plans provided
by the architect as a guidance of how the finished property is going to
be. Today off plan property refers more or less to all new developments
that are sold before the termination of the construction of the
property and not as it used to be only properties in the initial stage
before the construction had started.One of the biggest differences between a resale property and a
property in a new development is the seller. Off plan properties or new
developments are sold directly by the developer whereas traditional
resale properties are normally sold by a private owner.
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