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EMAIL: info@stringerestates.com - TEL: 0090 392 8158844, UK Office 01279 870083

Off Plan Construction in North Cyprus

Off Plan Purchasing also commonly referred to as Off Plan Construction, is becoming increasingly popular in Northern Cyprus. Anything from residential apartments through to luxury villas are available to purchase through Off Plan schemes in North Cyprus.

Off Plan refers literally to choosing a property from the architects construction drawings, generally these are accompanied by 3D images, visual aids or site plans of the finished product. The property purchaser is able to view the plot or location where the project is to be constructed.

The time frame of the construction is always specified in the Property Sales Contract, which identifies a completion date with a grace period of generally one to two months. Presently the average build time for off plan property is between twelve to eighteen months.

Off Plan Construction offers many benefits to the purchaser. Such as, capital growth throughout the construction period while the buyer pays a fixed price. Off Plan enables the early buyer to select the most favourable plots & internal finishes. The developer will normally allow the purchaser to make payments in stages through the duration of the build. It is common to negotiate with the aid of a real estate agent to negotiate payment terms and discounts.

The Off Plan System allows investors to watch the market growth, holding or selling the property in order to take maximise the profit. It is not uncommon for investors to offer their North Cyprus property for sale and achieve a profit before the project is even completed. In many cases in Northern Cyprus this profit is not liable to taxation.

Many clients choose not to resell their Off Plan Property, opting to enjoy the benefits of either a lucrative rental potential, a holiday home for family and friends, future retirement property, a secure pension investment and the prospect of a consistent increase in value, as North Cyprus becomes a more sought after Mediterranean destination.

Stringer Estates Estate Agents in North Cyprus have secured a carefully chosen selection of Off Plan Construction projects. Each project developed by a long standing, successful & reputable North Cyprus construction firm. Many of these developments can be found in our North Cyprus property section. If you have any questions or would like further information, please do not hesitate to contact us for further information.

 
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Stringer Estates - Registered Northern Cyprus Estate Agent, Union Membership No: (169)

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