RESIDENTIAL PROPERTY FACTS
Price (sq.m):
$2,277
For a 120 sq. m. property, usually an apartment.
Rental Yield:
8.09%
For a 120 sq. m. property, usually an apartment.
Rent/month:
$1,842
For a 120 sq. m. property.
Income Tax:
15.00%
Assumptions: Owners are a non-resident couple drawing US$ / €1,500 per month in rent, with no other local income.
Roundtrip Cost:
11.50%
The total cost of buying and then reselling an apartment. Includes:
* all transaction taxes and charges:
* lawyers' and notaries' fees
* agents' fees
Assumptions: The buyers are non-resident foreigners. The apartment cost US$250,00 / €250,000.
Cap Gains Tax:
15.00%
Assumptions: The property was bought for US$250,000 / €250,000, and sold 10 years later, after a 100% appreciation.
Landlord and Tenant Law:
Pro-Landlord
Rating is based on a detailed study of each countrys law and practice.