Purchase costs come first. From one market to another, they may cover stamp duty, notary fees, registration fees, legal fees and the agent's commission. As a working assumption, budget a noticeable share above the purchase price, and confirm the exact rates locally.
Yearly taxes on the property management in turkey apply every year afterwards. Assessment methods differ from place to place, and a number of markets charge higher rates to non-residents. Where the property sits empty for much of the year, lipari real estate extra charges sometimes apply.
Service charges are often overlooked. A flat in a complex with shared gardens, landscaping and round-the-clock security generates monthly costs that keep coming regardless of occupancy. Obtain the building's financial records before signing, and look for scheduled repairs.
Distance introduces costs that local owners never see. A caretaker needs to handle keys apartments for sale in nice emergencies, accept correspondence from the authorities, and supervise the work of contractors. Professional management usually takes a percentage of the rent, and going without it tends to become costly in the long run.
Insurance, utilities and eventual selling costs finish the picture. Capital gains tax often applies when a non-resident sells, sometimes at a different rate. A useful exercise involves building a five-year running-cost estimate before making an offer — the total tends to exceed what the buyer imagined.