When you think about buying an apartment in a new building with a housing loan, communication with the investor through a real estate agency is of great importance. Why?

The answer to the question lies in the fact that you cannot take out a housing loan for the purchase of an apartment under construction until the investor reaches 80% completion of the project. Only then can you enter the procedure for taking out a housing loan and signing the Preliminary Agreement and the Purchase Agreement for the selected apartment.

However, there is a possibility to take out a housing loan and buy an apartment in a new building even before the residential building is completed. How? *To purchase the desired apartment/commercial space on time in a new building, without being burdened by checks regarding the degree of completion, there is a possibility of PROJECT FINANCING.

Project financing involves the investor taking out a loan and using it to finance the construction project with borrowed funds – loans. The bank, as the investor’s “partner,” aims for the investor to sell all constructed apartments/commercial spaces and to repay the borrowed funds. To achieve this, the bank grants you, as the buyer, housing loans regardless of the construction phase of the residential-commercial building and often under more favorable conditions.

This form of purchasing real estate through housing loans is becoming increasingly popular among both banks and future owners due to the security and ease of loan repayment, meaning that the return of funds to banks is achieved in a shorter period and lower housing loan costs for the user.