Definition of New Builds

In my last three posts, I used the term "new builds" and realized I may not have defined it clearly. There are two types of new builds; off-plan and new stock. Off plan means the stuff you buy from show flats, often before the developer has even broken ground. New stock means properties that are around three months from completion or are already completed, but developer has not managed to sell it. My broad definition of new builds refers more to off plan than the new unsold stock that developers are keen to offload. Hope this clarifies.