English | Русский | 中国
 
 

Property running costs

bottom
 

Both the cost of living and property running costs are pleasantly low in Cyprus.

COMMUNAL EXPENSES

A service charge is applicable for properties on a managed development. The cost depends on the area of your property (m²) and the facilities and service available at the specific development. The service charge ranges from €350-1500, every six months (for standard type developments).

LOCAL AUTHORITY TAX

This is similar to Council Tax, and is usually around just €50 - €200 per year.

IMMOVABLE PROPERTY TAX

Immovable property tax has been abolished as from January 2017.

BUILDINGS INSURANCE

This is provided by Pafilia at no cost until your property is delivered. Thereafter, the property owners need to have buildings insurance in their own name. Pafilia can offer annual premiums from €260.

CONTENTS INSURANCE

From delivery, we recommend that owners take out contents insurance. Pafilia offers annual premiums from €35.

WATER

There is a standing charge per quarter of €12 - €13, depending on the area, plus consumption costs on a sliding scale as follows:

Cubic metres€ cent (5% vat not incl)
1-150.43
16-300.55
31-450.67
46-600.82
61-651.45
66-752
76+4

ELECTRICITY

The bi-monthly charges for the supply of electricity (at the basic price of €300/m.t. of fuel cost), are given below:

Units (KWh) electricityTotal unitsunit charge consumption cent/KWhfixed charge based on total €/bi-monthly
first 100 units0-12013,502.06
next 200 units121-32014,312.12
next 180 units321-50014,753.49
next 500 units501-100015,185.30
Any additional1001+15,356.68

TELEPHONE

There is a standing charge for a landline, which is approximately €16 per month. The actual call charges are very reasonable.

CABLE OR SATELLITE TV

Subscription packages are available from €25 per month, and include a wealth of channels such as BBC World, Discovery Channel, CNN etc. Prices vary according to the channels selected.

 

Head Office:
33 Nicodemou Mylona
Pafos, CY8101
Cyprus
T: +357 26 848 800
F: +357 26 934 910
E: info@pafilia.com
Freephone: 8000 89 89
Map
Limassol Office:
307-309
28th October Avenue
Limassol, CY3105
Cyprus
T: +357 25 590 880
E: info@pafilia.com

Map
Moscow Office:
12 Kransopresnenskaia
Naberezhnaia
Poz'ezd 6, Office 1032
Moscow, Russia
T: +7 (495) 258 1970 /71
F: +7 (495) 258 1970 /71
E: russian@pafilia.com
Map
Beijing Office:
Room 3305, No.6 Building
Jianwai SOHO
No.39 East 3rd Ring
Middle Road, Chaoyang
District, Beijing, China
T: +86 186 1115 0291
E: info@pafilia.cn.com
Map
South East Asia Office:
Level 46, Bitexco Financial Tower
2 Hai Trieu Street
District 1
Ho Chi Minh, Vietnam
T: +84 28 6287 5911
M: +84 122 768 6019
E: b.winter@pafilia.com
Map
Athens Office:
Corner 58 Kafkasou &
52 Skopelou Streets
Kypseli
Athens
Greece
T: +30 210 2717100
E: c.diagkos@pafilia.com
Map