How much does an apartment cost in Cyprus?

Restaurants Edit
Apartment (1 bedroom) in City Centre 582.92€
Apartment (1 bedroom) Outside of Centre 493.96€
Apartment (3 bedrooms) in City Centre 1,001.88€
Apartment (3 bedrooms) Outside of Centre 854.32€

How much is rent in Cyprus?

Those who are renting long-term can expect to pay around 450 euros and up for the same type of apartment or house, and around 550 euros for a two bedroom place. This is the rate for Limassol. Renting a place in Paphos, Larnaca and Nicosia will cost you a lot less.

Is property in Cyprus expensive?

In the most expensive areas of the island, prices are slightly higher. The most popular places with buyers are Limassol, Paphos, Larnaca, Paralimni and Nicosia. Limassol is regarded as the second capital of the Republic.

Locations and prices.

City Price, EUR
Paralimni 344,000
Average 485,800

Can I afford to live in Cyprus?

As a whole, the cost of living in Cyprus is comparable to European countries such as Poland, Hungary and Romania. Limassol is generally regarded to be the most expensive city on the island, ranking 166th out of 209 cities worldwide assessed for the 2020 Mercer Cost of Living Survey.

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How much do you need to live comfortably in Cyprus?

There is no limit to it. The family (2-3 people) needs about 2000 – 3000 EUR per month for living in the renting apartment for a comfortable life. At numbeo.com, you can compare the cost of living in any city in Cyprus, relative to your place of residence.

Is it cheap to live in Cyprus?

A single person estimated monthly costs are 812$ (687€) without rent. Cost of living in Cyprus is, on average, 14.11% lower than in United States. Rent in Cyprus is, on average, 46.12% lower than in United States.

By City in Cyprus.

Rank City Cost of Living Index
3 Larnaca 58.58
4 Paphos 54.64

Is Cyprus good place to live?

Cyprus is one of the safest places in Europe. The crime rate is very low on both sides. Despite the division, Cyprus remains a very safe place both for tourists and expats. … But on the whole, Cyprus is a safe and peaceful place to live.

Is it worth buying property in Cyprus?

Real estate to buy in Cyprus is absolutely worth it if you’re looking to get residency quickly in this beautiful island. For a €350K investment, you and your family will not only get a beautiful second home, but also residency permits which permit you to legally live, work and study in Cyprus.

Is it easy to buy property in Cyprus?

How difficult is the property purchase process in Cyprus? Foreigners can buy one home in Cyprus, and are entitled to hold land freehold, but there is a maximum limit on land ownership of 3 donums (4,014 sq m). A permit to register a property is needed from the government, but can easily be obtained through a lawyer.

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Where is the cheapest property in Cyprus?

Larnaca. The lowest average apartment price) is found in the port city Larnaca at €1,280 per square metre. Head outside of the centre and the average price drops below the €1,000 mark. Perhaps this is because Larnaca is a little more traditionally Cypriot than some of the other locations on the list.

What happens if I overstay in Cyprus?

Overstaying Your Cypriot Visa

If you overstay your Cypriot visa, you may face penalties by border patrol. If you have overstayed by just a couple of days, it is possible border patrol will let you leave without any problems.

Is it cheaper to live in Spain or Cyprus?

Cyprus is 0.0% cheaper than Spain.

How long can I live in Cyprus?

Although processing is generally 6-8 weeks, it can take up to six months. You need to secure a separate work visa in order to enter the country, and on arrival obtain a residency permit to allow you to live legally in Cyprus for longer than 90 days.

Is healthcare free in Cyprus?

State healthcare in Cyprus is not free. Healthcare costs are covered by both the state and through patient contributions. These are known as co-payments. Cyprus’s national health service is called the General Healthcare System (GHS).

Is it easy to get a job in Cyprus?

Due to the country’s large tourism sector seasonal and casual jobs are relatively easy to find. Those seeking summer work can find opportunities in hotels, bars, cafes and restaurants.

Can you just move to Cyprus?

If you are moving to Cyprus after Brexit, you can live and work in Cyprus in the same way as previously, covered by your rights to stay as an EU citizen until the 31st December 2020. After that point, you may need to apply for a visa or permit to move to Cyprus, depending on EU negotiations.

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