Purchase costs come first. Depending on the country, these typically include stamp duty, notarial charges, registration fees, lawyer’s fees and agency commission. As a rough planning figure, set aside a meaningful percentage on top of the price, then check the exact local rates.

Recurring property for sale in sitges taxes follow. The rates vary substantially, and a number of markets levy different rates depending on residency. Where a unit is left unused bodrum property for sale much of the year, vacancy taxes sometimes apply.

Building charges are often overlooked. A flat in a development with shared gardens, a lift and a concierge generates recurring costs that run on whether you are there or not. Ask attica real estate for sale the building’s financial records prior to purchase, and enquire about any planned major works.

Distance introduces costs that local owners never see. A local manager has to be available for emergencies, receive letters and bills, and arrange routine maintenance. Professional management normally charges a monthly fee, and doing without it often becomes a false economy.

Insurance, utility standing charges and exit costs finish the calculation. Tax on the sale often applies to non-resident sellers, and the resident rate is not always the one that applies. A sensible test means putting together a simple long-term cost projection before making an offer — the total is usually higher than expected.