The main factor for people leaving is the poor performance of the pound against the Euro. Paople have seen their income shrink by a third in the last year and there is no sign of things improving in the short term. Another point is, since Cyprus joined the EU there has been an influx of foreign labour.
Why are people moving to Cyprus?
There are many reasons for moving to Cyprus. Expats and locals get to enjoy the Mediterranean climate on the island. … In fact, locals and expats enjoy the warmest climate in the entire European Union in one of the sunniest places around, with over 320 days of sunshine per year.
Is moving to Cyprus a good idea?
It also offers unique cultural traditions and a wealth of exciting places to visit. When it comes to moving abroad, expats from all over the world, consider Cyprus to be one of the most desirable locations there is. There is a well-established, substantial UK expat community living there.
What are the benefits of living in Cyprus?
Those who live and work in Cyprus can vouch for the island’s wonderful environment with a very comfortable standard of living, good weather, safety, beautiful nature, art and culture. Most Cypriots speak Greek and English so life and business for an expatriate is smooth with no obstacles.
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.
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 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 I live permanently in Cyprus?
Permanent residency in Cyprus is valid for life. The whole family and parents can apply to get a residence permit. A Permanent resident of Cyprus after completing five years (total of 1825 days) of legal stay in Cyprus is entitled to apply for Cyprus Citizenship.
Can a foreigner buy a house in Cyprus?
Can foreigners buy property in Cyprus? In short – yes, foreigners are able to purchase property in Cyprus. What’s more, it’s easier to do so here when compared with many European countries. EU citizens are able to purchase property in Cyprus with no restrictions.
Is living in Cyprus expensive?
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.
What are the disadvantages of living in Cyprus?
Cons of living in Cyprus
You will be able to get by just fine though – mainly because of the low living costs and the taxation rates where personal income tax is not paid of the first €19.500/year. – Lack of shopping options.
How much money do you need to live in Cyprus?
Family of four estimated monthly costs are 2,845$ (2,411€) without rent. A single person estimated monthly costs are 807$ (684€) without rent. Cost of living in Cyprus is, on average, 14.12% lower than in United States. Rent in Cyprus is, on average, 45.43% lower than in United States.
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.
What jobs are in demand in Cyprus?
10 Most In-Demand Occupations in Cyprus
- Nurses. Nurses are some of the most sought-after employees in the world. …
- Auditors. …
- Engineers. …
- Dentistry. …
- Software Development. …
- Sales Executives. …
- Pharmacists. …
- Machine Operatives.
How do I get residency in Cyprus?
Requirements for Cyprus Residency by Investment
- You must purchase real estate property worth at least €300,000.
- You must make a €30,000 deposit into a bank in Cyprus. …
- You must prove you have an annual income of at least €30,000 for yourself, and another €5,000 for every dependent (spouse and children).