All property owners on the Resort pay a small annual ‘resort charge’ which includes the security cover and maintenance of the sewage system. The ‘village charge’ is only for properties set within the villages of the resort, and covers things like pool maintenance, external decoration and gardening of common areas etc. The ‘Kouklia council charge’ is for refuse collection, lighting, resort cleaning and other municipal costs. Finally, there is an Immovable Property Tax which is paid annually to central Government. All these charges are surprisingly inexpensive.
Following the difficulties for Cyprus in 2013, approval rates for mortgages are currently very low.