The biggest one is taking legal advice from the other side. The agent gets a commission on completion, which is not the same as acting penthouses for rent in limassol medulin real estate you. An independent lawyer costs a modest share of the price and remains the best protection.
Signing documents you cannot read ranks close behind. A certified translation costs little next to the sum being committed. Promises made in conversation mean nothing when the written text differs — only the signed text matters.
Committing to an unbuilt project blindly has damaged many budgets. Before any payment, review the developer’s completed projects, the construction licences, and whether payments are held in escrow. Late deliveries are common even with reputable builders; unfinished projects are rarer but genuinely ruinous.
Ignoring the exit is less obvious but just as costly. Every purchase will one day be sold, and the resale market matters. A home that only appeals to foreign buyers sells slowly when conditions change.
Lastly, a lot of buyers underestimate the running costs. Tax filings are often required even in years with no rental income, and missed deadlines attract fines that accumulate quietly. Setting up a local tax adviser at the outset avoids the majority of these headaches.