Purchase costs arrive first. Across different markets, they can include transfer tax or stamp duty, notary costs, land registry charges, lawyer's fees and agency commission. As a rough planning figure, budget a noticeable share above the purchase price, then check the exact local rates.

Recurring ayia napa property for rent taxes follow. Rates vary from place to place, and a number of markets levy different rates depending on residency. Where the property sits empty for long periods, additional levies can apply.

Building charges are often overlooked. An apartment in a managed building with a pool, an elevator and a concierge comes with monthly costs that continue whether you are there or not. Request the building's financial records before signing, and check on scheduled repairs.

Remote ownership adds a category of its own. Someone has to be available for leaks and igalo real estate repairs, receive correspondence from the authorities, and arrange the work of contractors. Property management usually takes a percentage of the rent, and doing without it tends to become a false economy.

Insurance, utility standing charges and exit costs finish the budget. Capital gains tax can apply even to a non-resident owner, sometimes at a different rate. A good discipline involves building a five-year running-cost estimate at the offer stage — the figure tends to exceed what the buyer imagined.