Purchase costs hit at the very beginning. Depending on the country, these may cover transfer tax or stamp duty, notarial charges, land registry charges, lawyer's fees and broker fees. For budgeting purposes, budget a meaningful percentage on top of the price, and confirm the exact rates locally.

Recurring property taxes follow. Assessment methods vary substantially, and some countries levy a separate rate lipari real estate for sale non-residents. Where a unit is left unused for much of the year, extra charges can apply.

Service charges catch buyers out. An apartment real estate in mijas spain a development with a pool, a lift and round-the-clock security carries recurring costs that run on regardless of occupancy. Obtain recent accounts from the management company before signing, and look apartments for sale in ravda upcoming renovation projects.

Being far away adds a category of its own. A local manager has to hold keys for emergencies, receive letters and bills, and organise routine maintenance. Property management usually takes a monthly fee, and doing without it usually proves expensive in a different way.

Insurance, utilities and eventual selling costs round out the budget. Capital gains tax often applies even to a non-resident owner, and the resident rate is not always the one that applies. A sensible test is to build a simple long-term cost projection before making an offer — the figure tends to exceed what the buyer imagined.

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