Transaction costs arrive first. Across different markets, the costs may cover transfer tax or stamp duty, notarial charges, land registry charges, the cost of legal advice and broker fees. As a rough planning figure, burdur rentals budget a meaningful percentage on top of the price, and verify the actual local figures.
Annual property taxes apply every year afterwards. Assessment methods differ from place to place, and a number of markets apply a separate rate la mata homes for sale non-residents. Where a unit is left unused for long periods, vacancy taxes may apply.
Building charges catch buyers out. An apartment in a managed building with a pool, landscaping and a concierge carries regular fees that continue even when the flat is empty. Obtain the last two or three years of accounts before you commit, and look for any planned major works.
Distance creates a category of its own. A caretaker must be available for emergencies, deal with mail and official notices, and supervise the work of contractors. A management company usually takes a share of rental income, and going without it usually proves a false economy.
Insurance, running costs and the cost of selling finish the budget. Capital gains tax may apply when a non-resident sells, and the resident rate is not always the one that applies. A sensible test is to build a simple long-term cost projection before you commit — the result is usually higher than expected.
