Purchase costs come first. From one market to another, they can include stamp duty, notarial charges, registry costs, legal fees and agency commission. For budgeting purposes, reserve a meaningful percentage on top of the price, and confirm the exact rates locally.

Yearly taxes on the buy property in souni come next. Rates differ enormously, and a number of markets apply a separate rate for non-residents. If the home stands vacant for much of the year, vacancy taxes may apply.

Building charges are often overlooked. An apartment buy property in montenegro a complex with a swimming pool, a lift and round-the-clock security comes with monthly costs that run on regardless of occupancy. Ask for the building's financial records before you commit, and enquire about any planned major works.

Being far away introduces costs that local owners never see. A local manager must be available for maintenance visits, receive correspondence from the authorities, and supervise routine maintenance. Professional management normally charges a share of rental income, and doing without it usually proves costly in the long run.

Insurance, utility standing charges and exit costs complete the budget. Capital gains tax can apply to non-resident sellers, occasionally at a higher rate. A sensible test involves building a five-year running-cost estimate before making an offer — the figure tends to exceed what the buyer imagined.