Tricky wrote:I have one bedroom apartment in Peyia the only facilities are a communal pool and a small garden area (approx 2m x 20m). The developer is charging 900 euros pa for the maintainance. At the moment I am refusing to pay due to (a) I think it is to much, and (b) they will not issue a bill or receipt.
How does this compare to others ?
Ps, there are 40, 1 and 2 bed apartments, I think the 2 beds are being charged 1200 euros pa.
This is quite reasonable and cheap.
In Sydney, a 2 bedroom apartment in the Eastern Suburbs will cost you around 600,000 Euros, with an indoor pool, gym, lift and secure car parking. The strata fees (you call them communal fees) are around 8,000 Euros pa.
A 2 bedroom apartment in Bondi, Manly, North Shore, Darling Harbor or anywhere in the CBD will cost around 1 million Euros with strata fees in excess of 15,000 Euros.
Strata fees are payable for building maintenance, security and maintenance of facilities. So the more facilities you have in your building, the higher the strata charges.
Prices are only slightly cheaper (10%) in Melbourne.
So Cyprus is a very cheap place in comparison.