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Transaction costs arrive first. Depending on the country, they can include transfer tax or stamp duty, notarial charges, registry costs, the cost of legal advice and the agent’s commission. As a rough planning figure, budget a meaningful percentage on top of the price, and confirm the exact rates locally.

Annual property taxes apply every year afterwards. The rates differ enormously, and a number of markets charge a separate rate for non-residents. Where the property for sale in herceg novi sits empty for long periods, extra charges may apply.

Service charges catch buyers out. A unit in a complex with shared gardens, a lift and kavarna real estate round-the-clock security carries recurring costs that continue regardless of occupancy. Ask for recent accounts from the management company prior to purchase, and check on upcoming renovation projects.

Remote ownership creates its own cost line. A caretaker has to be available for leaks and repairs, receive mail and official notices, and organise repairs. Property management typically charges a percentage of the rent, and doing without it often becomes a false economy.

Insurance, utility standing charges and exit costs round out the calculation. The tax due on a future sale often applies even to a non-resident owner, occasionally at a higher rate. A sensible test involves building a simple long-term cost projection at the offer stage — the total generally lands above the initial estimate.