Closing costs hit at the very beginning. From one market to another, these typically include stamp duty, notary costs, land registry charges, lawyer's fees and the agent's commission. For real estate abu dhabi budgeting purposes, budget a noticeable share above the purchase price, then check the exact local rates.
Recurring property taxes come next. The rates differ enormously, and a number of markets levy a separate rate for non-residents. If the home stands vacant most of the time, extra charges can apply.
Building charges catch buyers out. A unit in a managed building with a swimming pool, an elevator and round-the-clock security comes with monthly costs that keep coming regardless of occupancy. Obtain the last two or three years of accounts before signing, buy property in ilgaz and look for any planned major works.
Being far away creates a category of its own. A local manager needs to be available for maintenance visits, deal with mail and official notices, and arrange repairs. 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 round out the picture. Tax on the sale may apply to non-resident sellers, occasionally at a higher rate. A good discipline means putting together a five-year running-cost estimate before making an offer — the total generally lands above the initial estimate.