Purchase costs come first. Across different markets, these may cover stamp duty, notary fees, registry costs, the cost of legal advice and tremithousa real estate broker fees. As a working assumption, budget a noticeable share above the purchase price, and confirm the exact rates locally.

Recurring property taxes apply every year afterwards. The rates vary enormously, and penthouses for rent in limassol a number of markets levy a separate rate for non-residents. Where a unit is left unused most of the time, extra charges sometimes apply.

Service charges are often overlooked. An apartment in a complex with a pool, an elevator and round-the-clock security carries recurring costs that keep coming whether you are there or not. Ask for the building's financial records before signing, and check on any planned major works.

Distance creates costs that local owners never see. A caretaker has to handle keys buyukcekmece real estate for sale maintenance visits, deal with correspondence from the authorities, and supervise routine maintenance. Property management usually takes buy a house in greece share of rental income, and going without it tends to become a false economy.

Insurance, utilities and eventual selling costs round out the calculation. Capital gains tax can apply to non-resident sellers, sometimes at a different rate. A useful exercise involves building a five-year cost model before you commit — the figure is usually higher than expected.