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Home»News»What expenses should be taken into account when buying housing abroad?

What expenses should be taken into account when buying housing abroad?

June 27, 2018

Additional financial costs that cannot be avoided

First of all, get acquainted with the taxation of the selected country. For example, in many European countries, property tax is up to three and a half percent, from its market value. And if you want to rent a dwelling, then the income tax is in the limit, from twenty to forty percent, from the rental fee.

The acquisition of housing abroad also implies other expenses, such as fees, for intermediaries, herbal fees, housing purchase tax, which is about ten percent, from the cost of real estate. It should be noted that if you use a mortgage, then you will not pay individual taxes.

In addition, you still need to prepare for monthly expenses. It must be taken into account that the fee for utilities abroad is much more than in Russia. In addition, you need to pay for insurance.

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