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Questions to ask

Questions to ask
  • 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.