Table of Contents
Common Expenses – The Hidden Cost
Monthly fees for pool, garden, security, elevator, cleaning. Range: €30 simple block to €400 premium gated community. Most frequently underestimated budget item.
What's Covered
Pool maintenance (30-50% of total), garden, common electricity, cleaning, building insurance, elevator, management fee, repair reserves. NOT included: personal electricity, water, internet.
This was exactly our experience: Range: €30 simple block to €400 premium gated community. Most frequently underestimated budget item. What's Covered Pool maintenance (30-50% of total), garden, common electricity, cleaning, buildin...
– Property buyer from Berlin, in Paphos since 2022
Typical Costs
Simple block (no pool): €30-80/month. With pool: €80-200. Gated community: €150-400. Annual: €2,000-5,000 for pool apartment in gated community.
Management Quality
Good: transparent accounting, professional pool care, fast repairs. Bad: opaque finances, neglected pool, slow response. Before buying: check costs, reserves, pool condition, outstanding payments from other owners.
Property Management and Common Charges i
Topics: Common Expenses – The Hidden Cost, What's Covered, Typical Costs
CMC Practical Tip
Before buying: check costs, reserves, pool condition, outstanding payments from other owners.
Frequently Asked Questions
Simple block: €30-80. With pool: €80-200. Gated: €150-400. Always check BEFORE signing.
Rental property: yes. Own use: no. CMC factors into investment property calculations.
Common problem. Legal action possible but slow. Paying owners bear extra costs meanwhile.
Yes – majority vote at owners' meeting. Requires organization and engagement.
How CMC Supports You
At CMC Certus Management Consultants, we are here for you – not only for tax and legal questions, but also for all practical topics of everyday life in Cyprus. Our team in Larnaca and Pafos knows the local conditions first-hand.
As your local contact, we handle: company formation and management, tax advisory and Non-Dom applications, ongoing bookkeeping and tax returns, support with authorities, and referrals to estate agents, lawyers, doctors and tradespeople.