Purchase costs arrive first. Depending on the country, these can include transfer tax or stamp duty, notary costs, registry costs, the cost of legal advice and broker fees. As a working assumption, reserve extra funds beyond the price itself, and verify the actual local figures.

Recurring property taxes come next. The rates differ substantially, and certain jurisdictions charge higher rates to non-residents. Where the property sits empty montenegro flats for sale much of the year, vacancy taxes may apply.

Building charges are easy to underestimate. An apartment in a complex with a swimming pool, a lift and shared parking comes with regular fees that continue regardless of occupancy. Ask for the building's financial records before signing, and enquire about scheduled repairs.

Distance adds a category of its own. A local manager has to handle keys for maintenance visits, receive letters and bills, and arrange repairs. A management company typically charges a share of rental income, and arapkoy house prices managing remotely alone usually proves expensive in buy a villa in italy different way.

Insurance, running costs and the cost of selling complete the calculation. Capital gains tax often applies to non-resident sellers, sometimes at a different rate. A useful exercise means putting together a five-year running-cost estimate at the offer stage — the figure is usually higher than expected.