Sale of flats from developers in installments or on credit
In Northern Cyprus, you can buy a flat of primary or secondary housing stock from a private seller or purchase directly from the developer. In recent years, purchase of real estate at the construction stage, which is 20-30% cheaper than the market value of completed properties, has been very popular in TRNC.
In addition, most developers and management companies in Northern Cyprus offer buyers the opportunity to buy a flat:
- in interest-free installments for up to 3 years with a down payment of 30% of the total cost of the property;
- on credit of up to 12% per annum for up to 10 years.
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