Step one is which ownership rules apply to foreign buyers. Some countries allow freehold ownership of flats while restricting land; in other places, the authorities require a corporate vehicle or a leasehold arrangement in place of direct title. These rules shift periodically, so confirm them before you commit, not from second-hand advice.

The second stage involves due diligence on the property itself. A local lawyer you hire yourself should check the ownership record, debts secured on the property, mykonos real estate building permits and whether the seller has the right to sell. In a number of countries, unpaid local taxes follow the property, rather than the seller.

Money deserves as much attention as the property. Getting a local account is frequently necessary for the purchase, and banks routinely ask where the funds came from. Moving money across borders can shift the final figure noticeably, so it is worth comparing providers.

The reservation agreement typically comes before anything binding: a modest payment takes the listing off the market while checks are completed. Pay attention to what happens to that deposit if the inspection uncovers an issue. A clear provision gives back the money when the fault is on the seller’s side.

Completion normally takes place before a notary or a licensed conveyancer, according to local practice. The transfer is only complete after registration, a step that can take anywhere from days to months. Keep the full file — contracts, villas for sale in calpe proof of taxes paid and the registry extract. They will be needed when you sell.