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+357 25 351 888 - Cyprus / 0 808 234 4510 - Free call from UK
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+357 25 351 888 Cyprus
+357 99 727 772 Cyprus
0 808 234 4510 Free call from UK

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ORPHEUS GROUP bldg.   
12 Christaki Kranou, Potamos Germasogias,    
4041, Limassol,Cyprus

Skype: Relux_Estates

[email protected]
cyprusproperty.info

The Cyprus property market is adjusting to new realities

27.01.2021

 

 

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 total cost of the residence.

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

 - Payment schedule - in equal instalments within 1.5 - 2 years during the construction of the facility. During this period, the instalment plan is interest-free.

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

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

- The sale and purchase agreement is 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.

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