Condominium
A unit in a managed building, usually with a pool, gym, security and a monthly common-area fee based on the size of your unit.
Suits
Couples and single people, part-year residents, anyone who wants to lock the door and travel.
Less suited to
Families who need outdoor space, or dog owners — many buildings restrict pets.
Advantages
- ✓ The only property type a foreigner can normally own freehold
- ✓ Maintenance and security are handled for you
- ✓ Easy to leave empty for months at a time
- ✓ Central locations are usually walkable
Trade-offs
- • Common-area fees continue whether you are there or not
- • Building management quality varies enormously
- • Sea-view units carry a real premium, and salt air is hard on fittings
- • Resale can be slow in buildings with a lot of similar units
Running costs: Monthly common-area fee, sinking fund contributions, electricity, water and internet.

