Property Running Costs

Municipality Charges
Municipality charges each household must pay for waste removal around €50 to €200 per year depending on the area.

Communal Expenses
Communal expenses are introduced in most of the complexes for maintenance of communal areas such as lifts, pools and gardens. Depending on the development, communal fees vary between €30 to €100 per month.

Telephone
The standing charge for a landline is approximately €16 per month and there is a modest connection charge. Actual call charges are very reasonable. New companies have recently entered the market, bringing lower charges for both telephone and internet.

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 included)
1-15 0.43
16-30 0.55
31-45 0.67
46-60 0.82
61-65 1.45
66-75 2
76+ 4

Average water cost in Cyprus runs to about €180 – €220 per year.

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) electricity
Total units
Unit charge consumption cent/KWh
Fixed charge based on total €/bi-monthly
first 100 units
0-120
13,50
2.06
next 200 units
121-320
14,31
2.12
next 180 units
321-500
14,75
3.49
next 500 units
501-1000
15,18
5.30
Any additional
1001+
15,35
6.68

Average Electricity cost in Cyprus runs to about €700 – €1500 per year

*subject to changes by the water and electricity authorities.