Transaction costs hit at the very beginning. Depending on the country, the costs may cover transfer tax or stamp duty, notary costs, registration fees, dubai real estate lawyer's fees and the agent's commission. For budgeting purposes, set aside a noticeable share above the purchase price, then check the exact local rates.

Annual property for sale in cyprus with sea view taxes follow. Assessment methods vary from place to place, and a number of markets charge higher rates to non-residents. Where a unit is left unused for much of the year, additional levies sometimes apply.

Community fees catch buyers out. An apartment in a managed building with shared gardens, a lift and shared parking carries regular fees that keep coming regardless of occupancy. Ask for the building's financial records prior to purchase, and look for scheduled repairs.

Being far away introduces a category of its own. A caretaker needs to be available for emergencies, accept letters and bills, and organise routine maintenance. A management company typically charges a monthly fee, and managing remotely alone often becomes costly in the long run.

Insurance, running costs and the cost of selling complete the calculation. Tax on the sale can apply even to a non-resident owner, occasionally at a higher rate. A useful exercise is to build a five-year cost model before making an offer — the total is usually higher than expected.