Property with installment payment

Property with installment payment

Many dream to buy property in Northern Cyprus, but do not have enough funds. In this case, foreign investors are offered an opportunity to get a payment plan.

The real estate market is actively developing, so developers offer investors an excellent opportunity to purchase property in Northern Cyprus paying in installments. Advantages of such transactions are:

• Low prices at a planning stage.
• Flexible payment system.
• Safety.
• Transaction simplicity and speed.

How to buy property under construction

Payment plan is provided by a construction company. Conditions of each developer are different and may change. A client`s passport is required to sign a contract. You do not need to be personally present during the transaction, everything can be arranged by a trusted person using a power of attorney. The buyer becomes the property`s owner after the first payment and the full owner after the construction completion and title transfer.

Example of a payment plan:

• Deposit – 2-5 000 Great British Pounds.
• Upon signing an agreement – 30% of the amount.
• Upon frame construction completion – 25%.
• Upon all rough construction works completion – 20%.
• After the completion of installment of tiles, windows, furniture – 20%.
• Upon keys handover – 5%.