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Purchase costs arrive first. Depending on the country, these may cover a property transfer tax, notary fees, registration fees, lawyer's fees and the agent's commission. As a rough planning figure, budget extra funds beyond the price itself, then check the exact local rates.

Recurring property taxes come next. Assessment methods vary enormously, and a number of markets apply a separate rate for non-residents. If the home stands vacant most of the time, additional levies may apply.

Service charges are often overlooked. A unit in a development with a swimming pool, landscaping and shared parking carries regular fees that keep coming even when the flat is empty. Ask faro real estate for sale the last two or three years of accounts prior to purchase, and check on any planned major works.

Being far away adds a category of its own. A caretaker has to be available houses for sale in attica maintenance visits, receive correspondence from the authorities, and supervise the work of contractors. A management company usually takes a monthly fee, and going without it usually proves a false economy.

Insurance, running costs and the cost of selling complete the budget. Capital gains tax often applies even to a non-resident owner, occasionally at a higher rate. A useful exercise involves building a simple long-term cost projection before making an offer — the total tends to exceed what the buyer imagined.