What is lazy property?

Ans : 

When to use lazy initialization is when the initial value for a property is not known until after the object is initialized.

For example, if you have a Person class and a personalizedGreeting property. The personalizedGreeting property can be lazily instantiated after the object is created so it can contain the name of the person.

class Person {      
  var name: String
    
  lazy var personalizedGreeting: String = {
    return "Hello, \(self.name)!"
  }()
    
  init(name: String) {
    self.name = name
  }
}

When you initialize a person, their personal greeting hasn’t been created yet:

let person = Person(name: "John Doe") // person.personalizedGreeting is nil But when you attempt to print out the personalized greeting, it’s calculated on-the-fly:

NSLog(person.personalizedGreeting)

Bonus Tip : You do need to declare your lazy property using the var keyword, not the let keyword, because constants must always have a value before initialization completes.

Benefit of lazy property increase performance in terms of speed.