What are the terms of payment for buying a property in North Cyprus?
The terms of payment depend upon the type of property you buy. On the exchange of the contracts, Re-sale property is usually paid in full. However, a reservation payment to your solicitor is advisable, which takes the property off the market until the contracts are exchanged, and, if applicable, the Title Deeds are checked. The payment terms for a newly built, or built-to-order, vary depending upon the construction firm. It could be from 100% upfront, to 10-30% deposit, with monthly instalments, or stage payments, until completion. Please indicate your financial position and your preferences regarding how you would prefer to settle your purchase. As we are not tied to one specific contractor, we would be able to find the ideal property to suit your financial status. Please see Standard Payment Methods section under our Important Tips page.
