Transaction costs arrive first. From one market to another, they typically include transfer tax or stamp duty, notarial charges, registry costs, lawyer's fees and gordes real estate broker fees. As a rough planning figure, reserve a meaningful percentage on top of the price, and confirm the exact rates locally.

Recurring property taxes come next. Assessment methods differ enormously, and some countries levy a separate rate for non-residents. If the home stands vacant apartments for sale in yalova much of the year, vacancy taxes may apply.

Building charges catch buyers out. An apartment in a managed building with a pool, landscaping and a concierge comes with recurring costs that keep coming regardless of occupancy. Obtain recent accounts from the management company before signing, and check on any planned major works.

Being far away creates a category of its own. A caretaker needs to hold keys for leaks and repairs, receive mail and official notices, and arrange routine maintenance. A management company normally charges a monthly fee, and managing remotely alone usually proves costly in the long run.

Insurance, running costs and the cost of selling complete the picture. Tax on the sale may apply even to a non-resident owner, and the resident rate is not always the one that applies. A sensible test is to build a five-year running-cost estimate at the offer stage — the total generally lands above the initial estimate.