THE CYPRUS PROPERTY MARKET IS ADJUSTING TO NEW REALITIES

 Due to the unstable situation in the Cyprus property market, many local developers offer alternative schemes for acquiring their properties.In fact, if there is a down payment of 30% of the value of the selected property,the remaining amount is financed by the developer himself, without the participation of the bank.

Conditions for participation in the program:

- Initial payment - at least 30% of the totalcost of the residence.

 - If it is necessary to apply for permanentresidence, the amount of the first instalment must be at least 200 thousandeuros. (according to the legislation of the Republic of Cyprus).

 - Payment schedule - in equal instalmentswithin 1.5 - 2 years during the construction of the facility. During thisperiod, the instalment plan is interest-free.

- At the request of customers, youcan make payments in larger instalments.

- During the period of the instalmentplan, the object is pledged by the developer company.

- The sale and purchase agreementis registered in accordance with the established procedure in the Land registry(Limassol Land registry).

 

Our company, will be happy to advise and hold a presentation of the objects participating in the program.