New Build to suit You	Click here to bookmark us!
	There are new build (known as "off plan") properties designed by architects with international accreditation and local know how. All new property built on the Island must meet the most exacting standards laid down by the authorities and all meet EU regulations as a minimum quality. Every builder or developer we deal with is acknowledged for the quality of their work, both in construction and finish. Many Off-plan complexes have internal finishes from all over the world, each has a specification with quality built in.

Buying a property "Off Plan" can have great advantages over traditional property purchasing, but it is not for everybody. Advantages can include:

• Price is the major advantage, as discounts of anything from 10% to 30% on the current market price can be achieved. This is because you are in effect providing the developer with his working capital, and will have to wait for 12- 18 months for the completion of your project. Prices are set by the developers and not the selling agents, therefore you benefit from the maximum discounts possible.
• Location and build choice can be to your advantage, the earlier in a development you commit then the best choice of location you can chose (corner, penthouse or whatever you desire)
• Guarantees. When buying brand new, you are covering yourself for the longest possible period from any major defects for a period of up to 10 years.
• Early purchase also allows you to work more closely with many developers to make alterations, chose materials, floor and wall coverings.
• Delivery delays of anything up to 18 months can create options for you. Should you change your mind in this period, it can be possible for you to negotiate the sale of your property prior to completion (at a profit). You make payment to the developers in stages, thus conserving your own funds until they have to be committed to the project and allowing you to save or otherwise release funds of your own resources negating the need for a mortgage.
• If a mortgage is required, the right amount of mortgage can be negotiated with the appropriate lender to suit your requirements, normally these have a minimum of £20,000, can be in Cyprus, Euro or your own currency and last for anything up to 25 years. If a full mortgage is obtained (80%) then this is normally drawn down in stages as each stage of the construction is completed and certified by the banks surveyors.
• The stages of payments are laid out in the contract of sale by your solicitor but most follow the following pattern: