Questions to ask before purchasing property in Cyprus

* Are you dealing with the rightful owner of the property?
(  Ask for proof before handing over any money ).

* Does the property have clear title?

* Are there any restrictions on renting out the property in your absence?

* Are there death duties?

* Is the off-plan development bank guaranteed / bonded / insured if the project goes bankrupt?

* What is the position of Capital Gains Tax?

* What about wills?

* In the case of retirement, are home country pensions transferable?

* Is there a double taxation treaty?

* Have you contacted the embassy for residency / immigration rules?

* Under what circumstance, if any, will your deposit be refunded?

* Is there a cooling off period?

* Have you taken professional financial and tax advice?

* Is your legal representative fluent in both Greek and English?

Cautionary note : Each country has its own rules in the way it handles foreign purchase of its properties.

Please seek independent legal advice before purchasing any property.