Cyprus law obliges you to take out fire and earthquake insurance on your property, even if it is an apartment within a large block.

You will also need, of course, to take out full home and contents insurance on your property, once you have taken delivery of it.

There are many, many schemes available. If you are planning to rent out your property, ensure that the insurers are aware of this, so that public liability is covered. As a guideline, you should anticipate paying between EUR 1.00 and EUR 2.00 per thousand euros insured.

Other Links

• Price and Payment Terms
• The Cost of Purchasing and On-Going Expenses
• Approval of the Council of Ministers
• Specific Performance
• Stamp Duty
• Property Transfer Tax
• Local authority tax
• Solicitors
• Banks
• On-going expenses
• Maintenance charges
• Living expenses
• Home insurance
• Retirees
• Personal taxation
• Income tax and NI
• Inheritance Tax
• Selling your property
• Capital Gains Tax