Property Running Costs
Electricity bills are approximatly €50 – €125
Gas central heating is approximatly €200
Water bills are approximatly €10 – €30
Sewerage & Refuse tax is approximatly €150 YEARLY (one charge per year)
IPT (Immovable Property Tax) abolished for 2017 and onwards. However if there are outstanding payments they will have to be paid.
Communal Expenses are approximatly €20 to €100
Author: Christos Nikolaou
BEng Mechanical Engineering, MSc Real Estate, ETEK Property Valuer, Register and Licensed Real Estate Agent.
Christos Nikolaou is the founder and Managing Director of Property Canvas, he holds a license as an Estate Agent from the Association of Real Estate Agents of Cyprus and he is a registered Property Valuer in the Technical and Scientific Chamber of Cyprus (ETEK). He is the author of our “Property Running Costs” and is a certified advance negotiator.