The Cost of Living in Cyprus - A short run-down of prices
Despite boasting a similar standard of life to the UK, the cost of living in Cyprus is actually around 30% lower than it is in Britain (and the weather's better too). *Click here
Food
& Drink Prices in Cyprus
RESTAURANTS: Generally
speaking, restaurants are a lot cheaper in Cyprus
than they are in the UK. Using 'Pizza Express' as
an example, we found that the Cypriot 'Pizza Express'
restaurant menu is around 23% cheaper than its British
equivalent.
Unlike some other Mediterranean destinations, Cyprus
boasts a wide range of different international cuisine,
all at very favourable prices.
FOOD & DRINK: On
the subject of alcohol, Cyprus offers local and imported
beers from about €2.00 per pint, a wide range
of wines from around €3.30 per bottle and even
a good quality bottle of local brandy from as little
as €5.99
In a typical supermarket, you can expect to pay around
€1.21 per pint (bottle) for Cyprus beer Keo/Carlsberg
and around €3.20 to €3.50 for Cypriot
wine (Aphrodite, Othello, Thisby etc.).
But of course, as with any other destination in the
world, if you visit Cyprus' typically touristy places,
you will pay substantially more.
With regards to food, Cyprus offers an excellent
variety of fresh and inexpensive fruit, vegetables,
meat and fish.
Tobacco,
Clothing & Electricals
TOBACCO: is very inexpensive in Cyprus
compared to the UK. Local cigarettes are available
from around €2.50,
imported cigarettes (Marlboro, Silk Cut, B&H, etc.) from approximately
€3.40. Golden Virginia Rolling Tobacco sells for about €4.75
per 50g pouch.
CLOTHING: Clothing in Cyprus can be
bought at very reasonable prices, because Cyprus is used as a manufacturing
base by various UK clothing manufacturers.
ELECTRICAL APPLIANCES: For the last
few years, a wide variety of domestic appliances with leading brand
names are available at very competitive prices. For example, washing
machines averaging at €270 and fridge freezers at €299.
One exception on the electrical appliance front are
tumble dryers, which are comparatively expensive in Cyprus at around
€290. But then, with an average 326 sunny days each year,
they are not the most common appliance around.
Click
here for up to date information about the weather in Cyprus
and to see what the climate is like all year round.
For
information about the history
of Cyprus, especially its time as a
Crown colony and as an independent state, click
here.
What about the day to day cost of living in Cyprus?
Aside from the fact that groceries (especially meat, fruit & vegetables)
tend to be substantially cheaper than in the UK, the taxation
aspect should also be considered in the overall cost of
living in Cyprus.
In the UK one of the major expenses for any home owner
is Council Tax, with the average annual bill now exceeding
the £1,300 mark.
In Cyprus however, the equivalent charge is not nearly so
dramatic, with 'council tax' weighing in at a staggering
€120 to €140 per year, plus a 'refuse tax' of about another
€170.
For many of us, income is another important consideration.
Did you know that Cyprus benefits from one of the most benevolent tax
regimes in Europe?
More information on Cyprus
tax matters can be found in our
'Useful Information' section.
If you're looking for a whole host of great reasons to buy a property
in Cyprus for retirement, holiday or investment, click
here.
More information about things to do in Cyprus, from
bingo to bungee jumping and restaurants to rally schools,
it is all here.
If this has whetted your appetite and you want to find out more
about buying a beautiful home in Cyprus, be sure to contact
us for more information on property developments, availability
and prices in all areas of the Republic.
The cost of living in Cyprus is substantially lower than in the United
Kindom
The weather aside for a moment, there has been some talk amongst British expatriates in the Republic of late complaining about the high cost of living in Cyprus.
Whilst it is true that, compared to 'minimum*' local wages, living in Cyprus is actually only slightly cheaper than it is in the UK, most expatriates discussing the issue fail to mention that they happen to be considerably better off residing in Cyprus than in the United Kingdom.
Professionals moving to the island have little to fear, since specialists usually command above average wages in the Republic.
*By minimum wages, we really do mean minimum wages.
Let's face it for a moment; overseas property agencies are
earning far greater percentages of commission than their
UK counterparts. This is why we have decided to introduce
a cash-back' payment equivalent to 1.5% of the property
purchase value (excluding VAT) for every client buying
a property in Cyprus through Aphrodite Property Sales.
Cyprus Travel Information
Anyone who has ever been to the island will know that the
roads in Cyprus are somewhat different than in Britain; there
is not so much rain for starters. Volume of traffic (or rather
the lack of it) makes driving in Cyprus a lot less stressful
than in other European countries.
Visit our Cyprus
Travel Information section to find out more
about how to get around the island.
Tersefanou Golf Course
A few short miles from Larnaca town and the international airport, nestled into the rolling hill running down to the clear, blue waters of the Mediterranean Sea, can be foud the site for the forthcoming Tersefanou Golf Course and leisure complex; an ambitious new project, designed not only to boost the local infrastructure, but also to put golf in Cyprus firmly onto the international map.
Disclaimer. The prices quoted on the properties featured
in this website are displayed as guidelines only. They constitute
neither an offer nor contract, nor part of same. E&OE
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