It doesn't matter how good a deal you get on the purchase price, to maximise your profit you will need to look after your investment. By that I mean making sure that the Developer has put in place the legal structures for Buildings Insurance, Public Liabilities and Long Term maintenance, particularly Communal Areas. If this is not incorporated into your Contract then you will have alot of difficulty pinning the Developer down at a later date. Even if you plan to 'flip' your property then any intelligent and switched on purchaser will ask what is set in place. Investors are often mistaken in thinking that as long as they have sufficient Buildings insurance to cover the cost of rebuilding their Unit(s) then they can get by if the Developer doesn't meet his obligations - wrong! Examples:- 1) What happens if someone is injured in one of the communal areas that were faulty or not properly maintained - you are a joint owner you could be jointly responsible even if you were out of the country at the time. Your buildings insurance is unlikely to cover Public liability for the communal areas. 2) What happens if the lift catches fire and burns out the shaft, stairwell and renders the access unsafe. You ask your insurer to pay out, maybe you need to move your tenants quickly - but your insurer does not cover these communal areas. Even if they pay you the value of the apartment so you can buy another one, you are still the owner of an unsafe property and can leave yourself open to further Public Liability Claims for a property you are unlikely to be able to sell or repair without significant further expense. I can go on further but hope you are in agreement with me that the only option is for the Developer to put a Global Buildings Insurance policy in place at handover for you all to contribute to - only he can do this. In the case of Cyprus we have just been advised that the Developer has a Legal Obligation to do this, we are awaiting confirmation of this and it is an oversight that this was not already checked out by our Lawyers and PS in the early stages of the Deal. We the Investors are now left uncertain about the insurance and long term maintenance of our investments and very exposed on these issues. The difficulty is that our Lawyers didn't incorporate it into the contract and the Developer just ignores us on the issue. So all of you who are currently in the early stages of purchasing off-plan, please be aware and pressure your Developers/Lawyers to get these things in place. And PS, please use the early negotiations to get commitment from the Developer on these very important points.