Credit and Installment Options for North Cyprus Properties
At Selling Views, we offer a range of flexible payment solutions to help you purchase your dream property in North Cyprus. Here’s a comprehensive guide to our credit and installment options:
What is an Installment Plan or Loan in Northern Cyprus?
Instalment plans and credit options are offered by developers rather than banks, avoiding additional hidden payments, interest, insurance, and guarantors. Developers profit from real estate, not banking operations. If a buyer cannot complete payments, the property reverts to the developer. This system benefits both parties.
Interest-Free Installments
We offer interest-free instalment plans, allowing you to spread your payments without extra charges. This helps manage your finances while investing in a new home.
Reservation and Contract: After a reservation payment and a 30% down payment, you receive a contract outlining the instalment plan.
Duration: Installment periods vary from 24 to 60 months, with monthly, quarterly, or semi-annual payments.
No Income Proof Required: No need for income proof or financial origin certificates.
Real Estate at the Construction Stage
Investing in properties under construction offers significant benefits:
Lower Prices: Prices are considerably lower than those of finished properties.
Extended Payment Periods: Paying 1/3 of the property cost usually extends the installment period, giving you more time to pay.
Developer Loans
Loans are provided directly by developers, offering safety and flexibility.
Interest Rates: The typical rate is 9.2% per annum, with some developers offering lower rates.
Safe and Transparent: Loan conditions are fully detailed in the contract, ensuring no changes without your consent.
Payment Conditions: Some developers require 50% payment before issuing a loan, while others offer it after a 30% payment.
Why Choose Selling Views?
Our dedicated team will guide you through the entire process, ensuring a smooth and stress-free experience from start to finish. We aim to make property ownership in North Cyprus as accessible and affordable as possible.
Benefits of Our Payment Plans
No Additional Costs: Interest-free installment plans mean you only pay the property’s price.
Accessibility: Partnering with local banks provides favourable loan conditions.
Flexibility: Customizable down payments to fit your financial situation.
Understanding the Process
Initial Consultation: Discuss your financial situation and preferences with our experts.
Property Selection: Choose from our extensive portfolio of properties.
Financing Approval: Secure the best loan terms through our partner banks.
Payment Plan Setup: Establish a customized payment plan.
Finalizing the Purchase: Complete the necessary paperwork and finalize your property purchase.
Moving In: Enjoy your new home in North Cyprus.
Northern Cyprus is developing rapidly, with property prices increasing by an average of 10-15% annually. Unlike Europe or the Republic of Cyprus, the banking and state structures in Northern Cyprus do not require proof of income sources or additional certificates, except for a criminal record, to obtain property rights.
