Money deserves as much attention as the property. Setting up a local account is often necessary for the transfer, and compliance departments routinely ask for proof of the source of funds.
Dorriseager9
Fiscal residency forms a different question altogether. Owning property does not necessarily make you taxable on worldwide income, and crossing the day-count threshold often does.
Last of all, a lot of buyers fail to plan for the ongoing obligations. Local tax returns are often required regardless of whether the property earns anything, and overlooked notices attract penalties nobody warns you about.
The reservation agreement generally comes first: a modest payment reserves the unit while checks are completed. Check carefully the refund conditions if due diligence reveals something serious.
Completion usually happens before a public notary or an equivalent official, depending on the country. The new title only becomes final once it is registered, and this can take weeks in some countries.
Yearly taxes on the property come next. The rates differ from place to place, and certain jurisdictions levy different rates depending on residency. Where the property sits empty for much of the year, vacancy taxes sometimes apply.
Forgetting about resale is a quieter mistake. Any property will one day be sold, and the pool of future buyers decides what you get back. A property with no local demand sells slowly when conditions change.
A rental year is the low-risk option when the country is new to you. Districts feel completely different between seasons, and noise only becomes obvious with time. Twelve months as a tenant carries a much lower price than unwinding a bad purchase.