What do I need to know when buying property in Puerto Rico?

"1. It is important to research the local real estate market and understand the current trends in the area. 2. It is important to understand the local laws and regulations regarding purchasing property in Puerto Rico. 3. It is important to hire a qualified real estate attorney to help you navigate the process of purchasing property in Puerto Rico. 4. It is important to obtain a title search to ensure that the property is free of any liens or encumbrances. 5. It is important to obtain a survey of the property to ensure that the boundaries are accurate and that the property is not encroaching on any other properties. 6. It is important to obtain a home inspection to ensure that the property is in good condition and that any necessary repairs are identified. 7. It is important to understand the tax implications of purchasing property in Puerto Rico. 8. It is important to understand the financing options available for purchasing property in Puerto Rico. 9. It is important to understand the closing costs associated with purchasing property in Puerto Rico. 10. It is important to understand the insurance requirements for purchasing property in Puerto Rico," remarked another expat who made the move to Puerto Rico.