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Blog entry by Gabrielle Greenough

Closing costs come first. From one market to another, they can include a property transfer tax, notary costs, registration fees, the cost of legal advice and the agent's commission. As a rough planning figure, reserve a meaningful percentage on top of the price, then check the exact local rates.

Recurring property taxes come next. The rates differ from place to place, and a number of markets apply higher rates to non-residents. If the home stands vacant land for sale in spain long periods, additional levies can apply.

Service charges are often overlooked. A unit in a complex with a pool, an elevator and round-the-clock security generates regular fees that run on regardless of occupancy. Request recent accounts from the management company prior to purchase, and enquire about upcoming renovation projects.

Distance introduces a category of its own. Someone must handle keys land for sale in serbia emergencies, receive letters and bills, and arrange repairs. Professional management typically charges a monthly fee, and going without it usually proves expensive in a different way.

Insurance, utility standing charges and exit costs finish the picture. The tax due on a future villas for sale in larnaca with park view may apply when a non-resident sells, sometimes at a different rate. A sensible test means putting together a simple long-term cost projection at the offer stage — the total tends to exceed what the buyer imagined.