New property sold directly by a developer, typically off-plan.
Related terms
- Primary vs secondary vs tertiary location
A tiering of locations by demand strength and desirability, from prime primary to fringe tertiary; the tier drives yield, liquidity, and risk premium.
- Real asset
A tangible asset with intrinsic value, such as property, land, or infrastructure, as opposed to a paper claim; their inflation resilience is why investors favo…
- Real estate cycle
The recurring pattern of recovery, expansion, hyper-supply, and recession in property markets.
- Real property
Land and everything permanently attached to it, together with the associated rights of ownership.
- Secondary market
Resale of existing property between owners rather than from a developer.
- Space market
The market for the use of real estate (renting or buying to occupy), driven by the real economy.
- Tenant vs landlord
The two sides of a lease: the tenant pays to occupy space, the landlord owns and grants it.
- Tenure
The legal terms under which land or property is held - freehold, leasehold, usufruct, or licence.