What are the terms of payments for buying a property In Northern Cyprus?
This all depends upon the property you buy, the payment terms for a newly built or build varies depending upon the construction firm. It could vary between 100% upfront to 10% -30 % deposits with monthly instalments made until completion. Resale properties are paid fully on the exchange of contracts however a reservation payment to your solicitor is advisable which takes the property in question off the market, until the title deeds are exchanged with checks made. Indicate you’re financial position with your solicitor, you are not tied to one specific contractor.
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