Maintenance Costs
Regular maintenance is essential to keep your property in good condition. This includes repairs, painting, and upkeep of appliances and systems.
Communal Fees
If you live in an apartment or gated community, you’ll likely pay monthly communal fees for shared services such as cleaning, security, and garden maintenance.
Property Taxes
In Cyprus, property owners pay municipal taxes based on property size and location. These are annual fees that fund local services.
Insurance
Homeowners insurance is advisable to protect against damage or loss. Some mortgage lenders require it as a condition of the loan.
Planning Your Budget
Estimating these costs ahead of time helps avoid financial surprises and ensures your new home remains a safe and comfortable place to live.