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Transaction costs hit at the very beginning. From one market to another, these typically include transfer tax or stamp duty, notary fees, land for sale in georgia registry charges, legal fees and agency commission. As a working assumption, reserve a noticeable share above the purchase price, and confirm the exact rates locally.

Annual property taxes come next. The rates differ substantially, and certain jurisdictions charge different rates depending on residency. If the home stands vacant for lapitos real estate long periods, extra charges sometimes apply.

Building charges are often overlooked. A flat in a development with shared gardens, landscaping and round-the-clock security carries recurring costs that run on whether you are there or not. Request the last two or three years of accounts prior houses for sale in pollensa to purchase, and check on scheduled repairs.

Distance creates costs that local owners never see. A local manager needs to be available villas for sale montenegro maintenance visits, deal with correspondence from the authorities, and supervise the work of contractors. Professional management usually takes a share of rental income, and going without it often becomes a false economy.

Insurance, running costs and the cost of selling complete the picture. Capital gains tax may apply even to a non-resident owner, occasionally at a higher rate. A sensible test involves building a simple long-term cost projection before you commit — the result is usually higher than expected.