Developer instalments let you pay for an apartment in stages. The buyer and developer agree in advance on the down payment, payment dates and other terms. This arrangement may suit people who do not want to pay the full amount at once.
When comparing offers in Batumi, do not base your choice solely on the monthly payment. The apartment's total cost, condition at handover and your obligations until the contract is completed are important.
What should you check in the offer?
- The down payment amount and due date;
- How the remaining balance is spread and any large final payment;
- The settlement currency and exchange-rate calculation method;
- Additional fees and late-payment terms;
- Agreed stages for handover and ownership registration.
If an offer includes interest-free instalments, compare its total price with the lump-sum payment option too. “0%” describes the interest rate; it does not by itself mean that all other costs are absent.
How should you assess your budget?
In addition to the down payment, allow for renovation, furniture, shared-area services and other expected costs. Compare the payment schedule with reliable income and keep funds for unexpected needs.
If purchasing for rental, do not rely on future income until the apartment's handover and operating arrangements are clear. The start of rental operations and occupancy may differ from your original assumptions.
The Piazza Residence example
Piazza Residence is a project in Old Batumi within CMG's portfolio. The instalment terms, total cost and handover terms for a specific apartment must be confirmed in the individual offer.
Frequently asked questions
Are developer instalments a mortgage? No. With developer instalments, you agree on payment terms with the developer. Bank finance is a separate product with different terms.
Are developer instalments always the better option? No. The choice depends on the final price, duration, monthly commitment and contract terms.
Explore Piazza Residence and request a payment schedule for your chosen apartment.
