Get a credit directly from the construction companyThe property can be paid in installments up to 5 years depending on city and company. Down payment is 50%, after which TAPU is given to you and the rest amount you can pay in installments within 5 years. The process of purchasing the property is very easy and don’t require you any additional documents. All you need is a sales contract with the construction company (that provides you payment in installments) where all payment details will be written. Each detail of the amount paid to the seller and the duration of the rate payment will be written in the contract.
TAPU (title deed) will be handled on your name with credit (the remaining amount for money you owe the construction company will be written there).
If you purchase a property for 70.000 Euro: down payment is then 35.000 euro and the remaining amount to pay is 35.000 euro. Then you will pay 2917 euro each month within 1 year.
12 months (1 year) installments has no any interest rate. If you go for 5 year installments, the interest rate will depend on the duration of the credit, but will not exceed 7% per year.