Portuguese property developers have started to sell in installments

Investors and developers are looking for new ways of financing the purchase of real estate to get around the banks, who rarely approve the issuance of a mortgage, according to the online source A Place in the Sun . According to experts, the demand for property there, but the problem is funding, which hampers the country's real estate market. So some developers Portugal proposed an alternative method of financing the purchase: buyers pay the developer a deposit of 30% of the purchase price, and the remaining amount is made in installments over agreed with the company-builder period. When a deposit is paid, the buyer gets ownership and can optionally take a property for rent or use at their discretion. But it is unexpanded practice in Portugal and offer a way to finance a few developers Algarve. HomesOverseas.ru