The Full Cost of Foreign Property Ownership: Taxes, Fees and Maintenance

Closing costs come first. Across different markets, these can include a property transfer tax, notary fees, registry costs, the cost of legal advice and broker fees. As a working assumption, set aside a meaningful percentage on top of the price, and confirm the exact rates locally.

Yearly taxes on the property follow. Assessment methods differ substantially, and certain jurisdictions apply a separate rate for non-residents. If the home stands vacant for long periods, extra charges can apply.

tremithousa building for sale charges are often overlooked. A unit in a complex with a pool, a lift and shared parking comes with monthly costs that run on regardless of occupancy. Ask for recent accounts from the management company before you commit, and look tbilisi real estate for sale scheduled repairs.

Remote ownership adds costs that local owners never see. Someone needs to hold keys for emergencies, accept mail and official notices, and organise routine maintenance. Property management typically charges a share of rental income, and doing without it usually proves expensive in a different way.

Insurance, utilities and eventual selling costs finish the calculation. Capital gains tax can apply when a non-resident sells, and the resident rate is not always the one that applies. A sensible test is to build a five-year running-cost estimate at the offer stage — the result generally lands above the initial estimate.

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