Closing costs hit at the very beginning. Depending on the country, they typically include transfer tax or stamp duty, notarial charges, land registry charges, lawyer’s fees and the agent’s commission. As a working assumption, set aside a meaningful percentage on top of the price, and verify the actual local figures.
Recurring property taxes apply every year afterwards. Rates differ from place to place, danilovgrad property prices and certain jurisdictions levy a separate rate apartments for sale in mijas non-residents. Where the karaoglanoglu property management sits empty for much of the year, vacancy taxes may apply.
Building charges are often overlooked. A flat in a development with shared gardens, an elevator and a concierge carries monthly costs that run on even when the flat is empty. Request the last two or three years of accounts before signing, and check on any planned major works.
Being far away adds a category of its own. A caretaker has to handle keys for leaks and repairs, deal with correspondence from the authorities, and organise repairs. Professional management normally charges a percentage of the rent, and managing remotely alone often becomes costly in the long run.
Insurance, utilities and eventual selling costs finish the budget. The tax due on a future sale can apply even to a non-resident owner, occasionally at a higher rate. A good discipline is to build a five-year cost model at the offer stage — the result generally lands above the initial estimate.
