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What are the terms of payment when buying a property in Cyprus?

April 26, 2017buying cyprus payment Property terms

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What are the terms of payment when buying a property in Cyprus?

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A CY£ 1,000-2,000 deposit fixes the price and removes the property from the market. After signing the contact, 30% of the sale amount is required within one month of signing. The remaining amount is paid in instalments varying on the constructed development you are going to engage in.