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.
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.
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?
If buying in Cyprus still appeals to you 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.