Purchase costs come first. Depending on the country, the costs typically include stamp duty, notary fees, land registry charges, the cost of legal advice and broker fees. As a rough planning figure, reserve extra funds beyond the price itself, and confirm the exact rates locally.
Yearly taxes on the property for sale in adeje follow. Assessment methods vary enormously, and a number of markets charge a separate rate for non-residents. If the home stands vacant for much of the year, vacancy taxes can apply.
Building charges catch buyers out. A flat buying property in santorini a development with shared gardens, an elevator and round-the-clock security generates regular fees that continue even when the flat is empty. Request the last two or three years of accounts before signing, and look for any planned major works.
Being far away introduces costs that local owners never see. A local manager needs to be available for maintenance visits, deal with letters and bills, and arrange repairs. Professional management typically charges a percentage of the rent, and managing remotely alone tends to become a false economy.
Insurance, running costs and the cost of selling finish the calculation. Capital gains tax can apply to non-resident sellers, sometimes at a different rate. A good discipline is to build a simple long-term cost projection at the offer stage — the total is usually higher than expected.