Articles and Advice » What Do you Want to Do with Your Cyprus Property? » Buy Cyprus Property to Let » Consider Property Management in Cyprus


Property management related to the process of residential, industrial or commercial real estate. It is pretty similar to the responsibilities and duties of management in any business venture. Property management also comprises the different systems, processes and manpower required for effective managing of acquired properties including control, accountability, maintenance, disposition and utilization.

Nowadays the demand for property management is constantly growing as more people are now renouncing the idea of buying properties, especially residential structures, due to evident issues such as the rising mortgage costs. Most of the people consider the option of letting as more popular and practical way of acquiring property.

More and more people are resorting to rent their properties and this current trend led to the rise in demand of property management.

Utility Costs

All experienced renters confirm recent utility expenses before letting property. It is obvious that you, as a landlord, would do the same.

Firstly you have to contact the local utility offices to verify utility expenses. Check put water, electricity, waste costs when applicable. If your property has exceptionally high heating bills in winter, it might be not so easy to rent it or it even might need repairs to the home.

Secondly you have to consider whether it will be short or long-term rent. If you are planning to rent out for a short periods then it is recommended to include utilities as part of the rent when you lease out your home. In case of the long term you may recommend your tenant to write utility bills on his name.

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