WHAT OTHER CHARGES CAN I EXPECT?
The annual immovable property tax imposed by the government is approximately CY£ 60 to CY£ 120 per year. The municipal authorities also levy an annual property tax of CY£ 20 to CY£ 30 per year and other authorities may also require CY£ 20 to CY£ 40 sewerage tax.
Common expenses are usually paid monthly or quarterly in advance. They vary from development to development and depend on the area and type of property. They cover an owner's share of the cost of cleaning and maintaining common areas and gardens, swimming pool expenses, electricity in common areas, management fees, rubbish collection and repairs. The estimated total is in the region of CY£ 150 to CY£ 300 per year.
Charges for utilities are payable to the respective authorities at regular intervals throughout the year. They are based strictly on the consumption of each unit. While the cost will vary, approximately CY£ 180 per year can be considered a rough guide.
The local municipal or other authorities are responsible for regular collection of household rubbish. Depending on the area of your property, the cost is in the range of CY£ 40 to CY£ 50 per year. It is also necessary to take out buildings and contents insurance on your property.
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