The Water Supply May Be Either From A Public Or Private Source

Category: Finance.

The annual immovable property tax imposed by the government is approximately CY60- 120 per year. Common expenses are usually paid monthly or quarterly in advance.

The municipal authorities also levy an annual property tax of CY20- 30 per year and other authorities may also require CY20- 40 sewage tax. They vary from development to development and depend on the area and type of property. The estimated total is in the region of CY150 to CY300 per year. They cover an owner s share of the cost of cleaning and maintaining common areas and gardens, electricity in common, swimming pool expenses areas, rubbish collection and, management fees repairs. Charges for utilities are payable to the respective authorities at regular intervals throughout the year. While the cost will vary, approximately CY180 per year can be considered a rough guide.

They are based strictly on the consumption of each unit. For those who want to buy a plot of land and put up a building there, there are certain major points they have to bear in mind. If more than one house is required, then water must be provided. As a rough and general rule, and provided there is a" satisfactory" access, a single house can be erected on a plot of land. The water supply may be either from a public or private source. For all the towns and for some villages there are water development zones and it is most difficult to get public water supply to a property sited outside the zone. In the event of private water supply( usually a borehole) its quantity and quality are tested by the Water Development Department.

Do not take, the word of, therefore the estate agent, the owner or the village muchtar, that water supply can be made available. If there is a building on the plot you are buying, ask for the building permit in order to make sure that the structure is not illegal, as well as to ascertain the terms and conditions of the building. Remember that the appropriate water authority is the Water Development Department only. Please note that most of the above problems do not exist in case you buy a building site( as opposed to a plot of land/ field) . Even if the title deed registers the property as a building site, it is recommended, however that you go through the motions of checking the various prerequisites for development.

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