Property On Plan Sold as Finished
Option (a)
1% on confirmation
9% on preliminary agreement (promise of sale 'konvenju')
60% on contract of airspace
(within 3 months if project is under way or within 1 month from issue of permit if not held yet)
20% on completion of shell of unit
10% on completion of finishings & key
Option (b)
1% on confirmation
19% on preliminary agreement (promise of sale 'konvenju')
70% on completion of shell of unit
10% on completion of finishings & key
Property On Plan Sold as Shell
1% on confirmation
9% on preliminary agreement (promise of sale 'konvenju')
70% on contract of airspace
(within 3 months if project is under way
or within 1 month from issue of permit if not held yet)
20% on completion of shell of unit
Property in Shell Form Sold as Finished
1% on confirmation
9% on preliminary agreement (promise of sale 'konvenju')
80% on contract withing 3 months
10% on completion of finishings & key
Property in Shell Form Sold in Shell form
1% on confirmation
9% on preliminary agreement (promise of sale 'konvenju')
90% on contract within 3 months
For your peace of mind, contracts are never done before issue of full permits. In case of a sale (by promise of sale) of a property on plan which is still without a permit, a clause "subject to permit" will be included in the promise of sale.