Off Plan Property in Cyprus by Karayiannas Developers

What is an Off Plan Property?
Off Plan Properties are properties sold by Karayiannas at eye-catching prices beneath market prices in the preliminary phase of a new development before the property has been finished. 

A Karayiannas Off Plan Property will go through numerous steps until completion...
The primary phase in the development of a new Karayiannas property is to sheltere the land and finalizes the formalities for development. Approval to construct must afterward be obtained from the proper authorities and federations and when it is approved, Karayiannas developer has to arrange for a bank warranty and subsequent financing if needed for the project. Next, Karayiannas developers must make sure the preparations for agreements of the project's building.

At this phase, Karayiannas developers start to promote the property to preliminary phase investors by making a number of properties in the project available at low-cost rates (underneath market value). These are what would be termed off plan properties. The main motive why Karayiannas off plan properties are offered at discounted prices is that Karayiannas off plan property investors are helping the developer funding the project and as a return they pay fewer for the property. In addition it gives Karayiannas a confident assurance knowing that division of the project is already sold previous to even starting the construction work.