Quote:
Originally Posted by MrSkipsey
Aegean, what are the extra costs?
Do you have to pay a % of the property value in ground rent / maintenance?
Is there a general yearly tax such as our council / poll tax?
If you own the deeds to the land or property can the government take it from you or build through it?
Can the government make you contribute to roads leading into infrastructure?
I really like the sound of Hania Beach and after speaken to the agents on the phone am trying to work out the money side.
If its unobtaibable at the moment there is nothing stopping me finding out everything I need to know and trying again financially in 6-12 months.
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As a rough giude you will have legal fees around £4-500, property transfer tax 0.6%, anuual council tax £50, furniture anything from £3,000 depending on size. you will have an annual maint fee, you need to make sure the developer has done their homework on the legaside and make sure they own the land, they have permission to build and it if rentingit is in a letting zone. Just a guide but just shows you need to think about the bigger picture when buying.