Why is Cyprus so cheap?

The Turkish-controlled northern part of Cyprus uses the Turkish Lira and is generally 20-30% cheaper than the Republic of Cyprus. Accommodation, food, and drinks are noticeably less expensive, making it an attractive option for budget travelers.

Is Cyprus a cheap country?

Is it expensive to live in Cyprus? Cyprus is a costly place to live in. However, on average, you would need less money than in West or North European countries like Germany, Sweden, or France. Living in Cyprus is also less expensive than in big UK and USA cities.

Is Cyprus cheap compared to the UK?

Is it cheaper to live in Cyprus than the UK? When you compare the overall cost, you'll notice a significant difference in the monthly costs between the UK and Cyprus. For example, rent is 19.1% lower in Cyprus than the UK, while the overall cost of living is about 13% lower in Cyprus.

Is Cyprus cheap for food and drink?

Eating and drinking out in North Cyprus is very cheap. Average beer cost is 5TL at 2.9TL to the £. Wine varies from place to place but overall but a large glass iis 5 - 7TL. The bonus is the food and most restaurants are very very reasonable whereafter you eat and the quality and service outstanding value for money...

How much does a coke cost in Cyprus?

The average price of a cappuccino (regular, average) is 3 Euro, Coca-Cola/ Pepsi (330 ml) - 1.5 Euro.

DON’T Move to Cyprus, Unless You can Handle these 6 Things!

What is the minimum wage in Cyprus?

Here's What to Know About the Minimum Wage in Cyprus

As of January 2024, the minimum wage is €1,000 gross per month for full-time employees. This applies after six months of continuous employment with the same employer. However, new hires start at €900 gross monthly during their initial six month period.

Is Malta or Cyprus cheaper?

Which island is cheaper to live in, Cyprus or Malta? The cost of living in Cyprus and Malta is relatively low compared to other European countries. However, Malta is generally considered to be more expensive than Cyprus. According to Numbeo, the cost of living in Malta is around 10% higher than in Cyprus.

How much money do I need for 10 days in Cyprus?

How much spending money should I take to Cyprus? If you're looking to travel to Cyprus on a self-catering basis, make sure you allocate around £45 per person per day to this if eating out for all meals, so around £315 per person per week. For better overall value, consider going all-inclusive.

How much does a loaf of bread cost in Cyprus?

Food and nutrition in Cyprus

Food prices in Cyprus remain moderate. The main expenses for a family of two are 350-400 euros per month. Bread (1 loaf): 1.3 euros.

Are the British liked in Cyprus?

Cyprus gained its independence from the United Kingdom in 1960, after 82 years of British control; the two countries now enjoy warm relations, though the continuing British sovereignty of Akrotiri and Dhekelia in Cyprus continues to divide Cypriots.

Is Cyprus or Portugal cheaper?

Cost of Living

According to Numbeo, the cost of living in Cyprus is higher than in Portugal. Even though both countries use the same currency (Euro), living in Portugal is a bit cheaper than living in Cyprus.

Why do Brits move to Cyprus?

Many Brits are attracted to Cyprus because of its many tax benefits on offer. Income tax is progressive, and you can earn up to €19,500 before getting charged. Rates range from 0% to 35% on incomes of more than €60,000. Their tax system is more favourable for pensioners, investors, and expats.

Why is Cyprus so cheap for holidays?

The Turkish-controlled northern part of Cyprus uses the Turkish Lira and is generally 20-30% cheaper than the Republic of Cyprus. Accommodation, food, and drinks are noticeably less expensive, making it an attractive option for budget travelers.

Is Cyprus friendly to foreigners?

The island is known for its welcoming and hospitable people, who are generally warm towards foreigners.

Can Brits live and work in Cyprus?

Cypriot visas

If you're a UK national, you'll need a visa to work in Cyprus. One-year long-stay visas are usually suited to non-EU citizens seeking employment.

What's a good salary in Cyprus?

Low-paid workers in the country earn around €1041 (approximately $1086) per month, while high-paid workers earn closer to €3421 ($3569).

How many hours is a full-time job in Cyprus?

Full-time employment in Cyprus is legally defined as 40 hours per week, typically distributed as 8 hours per day across 5 working days. This standard forms the basis for employment contracts, benefit calculations, and overtime determinations across the country.

What is the cost of a pint of beer in Cyprus?

In general, expect to pay about €3-4 for a pint of local draft beer. Cocktails tend to be a bit more expensive, especially depending on the esteem of the establishment that you happen to be drinking in and what kind of spirits you are drinking.

How much is water in Cyprus?

Water charge comprises approximately 30EUR/month. In case the same family lives in a house on a small plot of land with a swimming pool and trees water consumption rises to about 0.7-0.8 cub.

What is the average rent in Paphos?

The Paphos district has 289 apartments available for rent, representing 9% of the total rental supply across Cyprus, with an average monthly rent of €1193. The highest availability is in two-bedroom apartments (154) with an average rent of €1228 per month.

How much is Christmas dinner in Cyprus?

In Limassol, the cost for a four-member family amounts to €121 and €157 for a family of six. In Paphos, the figures are at €122 and €158 respectively. For the most cost-effective Christmas meal which includes 11 out of 35 items, the dinner would cost €31 in Nicosia for four people and €44 for six.

How much are cigarettes in Cyprus?

International brand cigs are about €45-€50 for 200 and are available in the bigger cava shops. If you're staying in Paphos, there is a shop called Theo's which is just up from the Harbour, on the same road as Papantoniou supermarket.

Is it cheaper to live in Cyprus or the UK?

Cost of Living: Living in Cyprus is much cheaper than in the UK, making it an attractive destination for retirees, young professionals and families. Housing, healthcare and daily expenses are more affordable and you can live better for less.