Every sale, every stage payment, every VAT euro accounted for.
Selling an off-plan apartment in Cyprus isn't one transaction — it's a buyer, a contract, a sale price, a first-property VAT decision, and a schedule of stage payments that stretches across the whole build. Developers usually track this in a spreadsheet per unit, and it breaks the moment VAT rates or payment stages get involved. Tektor gives every apartment sale a single record — buyer, financials, VAT and a full payment schedule — so you always know what each unit is sold for, what's been invoiced, and what VAT you're owed back.
One sale record — buyer, price and Cyprus VAT, handled
A sale ties a unit to a buyer and captures everything the deal needs in one place. Record the buyer with their passport or ID number and contract date, set the sale amount, the advance-payment percentage, any penalty terms and lawyer fee — and Tektor handles the part that trips developers up most: Cyprus first-property VAT. Mark whether it's the buyer's first property and Tektor applies the reduced 5% rate instead of the standard 19%, calculates the VAT, and shows you the VAT to be refunded — the number you actually need for the reduced-rate reclaim. The sale's status controls the unit without you having to manage two things: a sale stays a Draft while you're negotiating, and the unit stays available until you move the sale to Reserved or Sold. One record, and the sales map stays true to reality.
A payment schedule tied to your construction stages
An off-plan sale is paid in instalments as the building goes up — and Tektor's payment schedule models exactly that. Break the sale into stages, each with a share of the total, an amount, its own VAT rate, a due date, and — crucially — the construction stage it's tied to: Site Preparation, Structural Frame, Interior Fit-Out. The buyer pays their 20% when site prep completes, 40% at structural frame, and so on, so the money comes in as the work is done. Tektor totals the whole schedule for you — share, amount excluding VAT, VAT, amount including VAT, and the VAT to be refunded across every stage — and flags where an invoice hasn't yet been issued for a stage that's due. It turns a stage-payment contract, the kind that's painful to track by hand across a two-year build, into a live schedule that tells you what to invoice and when.
Frequently asked questions
Does Tektor handle Cyprus first-property VAT?
Yes. Mark a sale as a buyer's first property and Tektor applies the reduced 5% rate instead of the standard 19%, and shows the VAT to be refunded for the reduced-rate reclaim.
Can I set a payment schedule tied to construction stages?
Yes. Each sale can be split into stages, each with its own share, amount, VAT rate, due date and linked construction stage — so payments come due as the build progresses.
Does creating a sale take the unit off the market?
Not until you're ready. A sale stays a Draft while you negotiate; the unit only becomes unavailable when you move the sale to Reserved or Sold.
Can I generate a payment plan for the buyer?
Yes. Each sale can produce a payment-plan PDF setting out the stages, amounts and dates for the buyer.
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