Transaction costs come first. From one market to another, they may cover stamp duty, notary costs, registry costs, lawyer's fees and broker fees. As a rough planning figure, budget a noticeable share above the purchase price, then check the exact local rates.

Yearly taxes on the cyprus property come next. The rates vary substantially, and some countries levy a separate rate for non-residents. Where the espinho property prices sits empty for long periods, additional levies may apply.

Community fees are often overlooked. A flat in a managed building with a pool, an elevator and shared parking generates regular fees that run on whether you are there or not. Request recent accounts from the management company prior to purchase, and check on scheduled repairs.

Distance creates costs that local owners never see. Someone needs to be available for maintenance visits, receive correspondence from the authorities, and supervise the work of contractors. Professional management normally charges a monthly fee, and going without it usually proves a false economy.

Insurance, running costs and the cost of selling round out the picture. Tax on the sale can apply even to a non-resident owner, and the resident rate is not always the one that applies. A useful exercise means putting together a simple long-term cost projection before you commit — the result is usually higher than expected.