Transaction costs arrive first. From one market to another, the costs can include a buy property in stoliv transfer tax, notary fees, registry costs, lawyer's fees and broker fees. As a rough planning figure, budget a noticeable share above the purchase price, and verify the actual local figures.

Recurring property taxes come next. The rates vary from place to place, and a number of markets levy a separate rate for non-residents. Where the broward property sits empty for much of the year, additional levies may apply.

Service charges are often overlooked. A flat estate agents in granada a complex with a pool, landscaping and a concierge carries monthly costs that run on even when the flat is empty. Request the building's financial records prior to purchase, and check on upcoming renovation projects.

Being far away creates its own cost line. A local manager has to hold keys for emergencies, accept mail and official notices, and supervise the work of contractors. Professional management typically charges a percentage of the rent, and going without it tends to become costly real estate in veneto italy the long run.

Insurance, running costs and the cost of selling complete the budget. Tax on the sale often applies to non-resident sellers, and the resident rate is not always the one that applies. A good discipline is to build a simple long-term cost projection at the offer stage — the figure generally lands above the initial estimate.