Why retirees choose to live in Cyprus: pros and cons of moving

Moving to Cyprus

Foreigners of retirement age are increasingly choosing Cyprus as their new place to live. Pensioners from Russia, Ukraine, Belarus, and other countries are particularly attracted by the mild Mediterranean climate, good environmental conditions, and beautiful landscapes.

Life on this island offers the chance to leisurely enjoy walks, try fresh seasonal fruits, and seafood.

It is important to note that compared to many other countries, the crime rate in Cyprus is low, which contributes to a sense of security. The healthcare system on the island is of a high standard, and the locals are known for their friendliness and openness.

Financial aspects of moving

However, before making a decision about moving, you should carefully consider whether this option is right for you.

An adequate analysis of your financial capabilities is essential.Most likely, you will need to either rent or purchase property and obtain health insurance.

Regular expenses for food, transportation, and other living necessities may turn out to be higher than in your home country. Moreover, immigration requirements demand that foreigners provide proof of income that meets the standards of the European Union or investments in the economy of Cyprus.

Climate conditions

Another important aspect is that people who are used to a moderate climate may struggle with hot summers when temperatures reach 40°C.

In such conditions, many foreigners prefer to spend time in the coolness of their homes rather than enjoying walks in the parks or relaxing on the beach. For this reason, those who consider Cyprus their second homeland often return to their home country during the hottest months.

Transport accessibility

It is also noteworthy that life in Cyprus is significantly complicated without a car. Public transport is not well developed here, and in some cities, there are even no sidewalks.

Therefore, getting around in towns and villages without a personal car can be quite challenging.

Immigration programs for retirees

Regarding immigration to Cyprus for elderly people, it is important to remember that there is no specialized program for retirees.

However, individuals with financial independence can utilize several available programs. One of the most common is the residency program for financially secure citizens. This program has several key criteria:

• Sustainable passive income:The applicant must have a stable income of €9,568 per year, and for a spouse or dependent, it should be €4,613.
• Legality and sustainability of income:This could be rental income, funds in a bank account, or a stable business.
• Housing Conditions:The applicant can have either their own or rented housing on the island. Although there is no minimum price for real estate, the main task is to demonstrate financial stability. Trying to cut corners in this aspect may lead to a denial of residency.

Obtaining citizenship

It should also be noted that working under this program is prohibited. After seven years of continuous residence in Cyprus, foreigners have the right to apply for citizenship.

This could become an important goal for those who plan to settle on this warm and welcoming island.

Buying real estate in Cyprus

Purchasing real estate in Cyprus opens the door to a unique opportunity for investors interested in acquiring luxury housing, all within just a few months. This process allows them to bypass the need for a temporary residence permit (TRP). This program will be especially beneficial for retirees, who can immigrate either as property owners or as dependents if the property is purchased in their children's names.

Program conditions

The main criteria include the purchase of one or more new real estate properties, with a total value of at least€300,000It is also worth noting that one of the acquired properties may have a commercial nature and generate income for its owner.

Income verification

To participate in the program, it is necessary to confirm the presence of a certain annual income:

• €30,000for the investor;
• €5,000for a spouse;
• €5,000for each child;
• €8,000for the investor's parents and his spouse.

Thus, a family with two minor children needs to provide proof of income at a level of no less than€45,000The residence permit obtained is indefinite, and after seven years of living on the island, it is possible to apply for Cypriot citizenship.

Earnings and passive income

It is important to note that work under this program is not provided; however, investors can earn passive income from their assets.

Other ways to immigrate

There is also another way for foreign citizens wishing to emigrate to Cyprus – opening or relocating a business to the island. The amount of initial capital does not matter, as Cyprus offers attractive tax conditions, including low income tax rates. Those who invest significant funds into the country's economy are also given the opportunity to quickly obtain permanent residency.

Choosing Cyprus for living

According to real estate experts, among citizens of the former Soviet Union, people over 60 often choose Cyprus as their new homeland. Some of them already have businesses that currently require minimal owner involvement. In several cases, the children have grown up, and there is an opportunity to pass the management of the business to them. It is common for people to buy property in Cyprus, sending their elderly parents there. These retirees prefer to spend time on the island not only during the warm summer months but also from October to March, when the climate in Cyprus is more comfortable compared to the cold European winter.

Requirements for residence permit and permanent residency

Obtaining a residence permit or permanent residency is justified for those who plan to stay in Cyprus for more than180 daysa year or90 daysIn half a year. If trips to the island are short-term, a more sensible solution would be to obtain a standard visa, which can be applied for online and received at the embassy in just one day.

Additional resources

If you are interested in the deeper aspects of the immigration process in Cyprus, there are various sources of information regarding visa regulations, obtaining residence permits, as well as nuances related to citizenship and immigration programs. These resources will offer you valuable advice on choosing the type of property and provide the necessary analysis of the foreignreal estate market.

Limassol as a choice for living

Immigrants from post-Soviet countries typically choose Limassol for living, as due to the large number of Russian-speaking residents, this city has long been unofficially known as“Russian city”This feature makes Limassol attractive for retirees, as they can easily communicate in Russian even without a high level of English. This circumstance significantly simplifies the process of adapting to a new environment and makes the city comfortable for living and leisure. The variety of living conditions in Cyprus attracts many new citizens looking for their new home.

Life preferences in Cyprus

In Cyprus, many prefer to settle in cities like Larnaca and Paphos; however, not everyone enjoys the fast pace of life in large urban areas. The noticeable increase in the number of foreign residents in recent years has led to a rise in property prices, forcing retirees to seek more secluded places that allow them to enjoy nature.

Dionis Polianidis, a real estate specialist, notes that the choice of housing for elderly people depends on a number of factors, including financial resources and their level of mobility. An important feature is the fact that the main infrastructure is concentrated in cities, which makes living away from them uncomfortable without a car.

Advantages of living in peaceful regions

Nevertheless, if you drive and are willing to invest in a used car costing between 3,000 to 4,000 euros, you will have the opportunity to consider more peaceful areas, such as:

• Peja
• Chloraka
• Kissonerga
• Tala
• The upper part of Paphos
• Cognac

Choosing housing for tourists and permanent residents

For tourists visiting Cyprus for a short time, accommodation by the sea seems to be the most attractive option. However, for those planning to stay on a permanent basis, it is not always the ideal choice. Daily swims often become routine, and high humidity can negatively affect the condition of apartments and houses.

It should also be mentioned that elderly people who grew up far from the sea may face health issues if they live near a body of water for an extended period, as this can cause joint pain.

Therefore, it is recommended to choose accommodation that is located at a significant distance from the beach, or to limit your permanent stay in such places. For those planning to spend several months a year in Cyprus, it would be optimal for the accommodation to be situated at least 150 meters above sea level.

Tips from experts

Olga Peter, a real estate expert, advises paying attention to the possibility of buying a villa in less crowded regions. In small towns, there is an opportunity to enjoy walks and stable access to beaches, while living in large cities can come with certain challenges.

Prices for decent housing start at200 thousand euros...but many prefer to purchase properties worth around...300 thousand eurosthat allows for immediate acquisition of permanent residence visas.

Moreover, if you don't plan to live in Cyprus permanently, you can rent out your property to tourists during the summer season. This is truly a profitable investment, as villas are in high demand even away from the coast.

Expenses for property maintenance

The expenses for property maintenance vary within the range of2,000 to 4,000 eurosper year. This amount may vary depending on:

• Housing areas
• Type of property (apartment or house)
• Availability of a pool

If you don't plan to stay in Cyprus year-round, overall expenses generally decrease. The largest portion consists of electricity costs. Air conditioners often run almost all year round: in the summer, they cool the space, and in the winter, they provide heating, leading to annual expenses of about1,000 to 1,500 euros.

When it comes to rental prices, you will have to pay at least for one-bedroom apartments.400 to 800 eurosper month.

Rental prices for housing in Cyprus

The highest rental prices in Cyprus are recorded in Limassol. However, Paphos can offer more affordable rates for tenants.

Real estate in Paphos

So, in Paphos, you can find a magnificent villa priced at799,000 €, with a total area172 square meters, which includes4 bedroomsand4 bathroomsWhen purchasing such real estate, there is also the possibility of obtaining a residence permit.

Coral Bay, with its stunning beach, is one of the most visited places on the island, attracting both tourists and locals with its clear waters.

Elite project

The elite project includes21 villaand10 townhousesthat can boast first-class materials, such as:

• Marble stairs
• Granite countertops
• Glass railings

These characteristics indicate a high level of well-being and comfort.

Other offers in Paphos

Another wonderful option in Paphos is the apartments, which cost805,500 €and occupy179 square metersThis accommodation is located3 bedroomsand2 bathroomsand it is located just in150 meters from the sea, in close proximity to the active area with cafes and the harbor of Kato Paphos.

This option is perfect for those looking for both permanent residence and investment opportunities.

Villas in Paphos

A villa is also offered in Paphos for590,000 €, with an area of197 square metersShe has at her disposal3 bedroomsand2 bathroomsand is located in picturesque countryside, on an area of more than35,000 square meters...from where a breathtaking view of nature and majestic mountains opens up.

Real estate in Limassol

A one-story cottage is for sale in Limassol, with an area of166 square meterswith a price tag of380,000 €This house is offered with furniture and also has its own parking and garden, creating ideal conditions for comfortable living.

Luxury apartments in Limassol

Limassol also delights buyers with the opportunity to purchase luxury apartments. For example, there is a penthouse with an area of530 square meterscost4,000,000 €located in a high-end complex. This project includes:

• Two-level apartments
• Penthouses that reach a height of up to82 meters

Unique design, stunning sea view, and a great location, just a short distance away.100 meters from the shoreThis makes the housing especially attractive.

Available options in Paphos

You can also find a two-story villa in Paphos for€330,000, occupying135 square metersOn the first floor, there is a living room with a kitchen and a restroom, and on the second floor —three bedroomsandtwo bathrooms.

A significant advantage is the solar panels for water heating and the presence of air conditioning, which makes the housing not only comfortable but also energy-efficient.

Choice for family and investments

Another interesting option is a three-story villa in Paphos for345,000 €, with an area of150 square meters, withfive bedroomsandthree bathroomsThis is a great solution for both family life and investments.

Thus, Cyprus offers a wide range of housing options that cater to various desires and budgets of buyers, from magnificent villas to comfortable apartments located in picturesque areas.

Property Description

In the underground part of the building, there is a bedroom, as well as a spacious lounge area combined with the kitchen, and one shower room. On the first floor, you can find another bedroom, a guest area with a kitchen space, and a bathroom. The second floor features a bedroom and a shower, providing convenience and comfort. The windows offer stunning views of the sea that are a delight to the eyes.

This property is offered by Mercury Group, and its price is510,000 €for a penthouse in Larnaca, with a total area of129 square metersincluding three bathrooms. When purchasing this property, the buyer receives the right to residency.

Land plots in Paphos

The company Blue Sky Houses offers for sale a plot of land in Paphos, with an area of1821 m², at the price260,000 €This plot is located in the western part of Tremithousa, just ten minutes from the central area of Paphos. The surrounding area has a well-developed infrastructure:

• Public and private educational institutions, including the renowned International School of Paphos;
• A variety of restaurants;
• Banks;
• Supermarkets.

A land plot is also available in Paphos with an area of6689 m²at the price290,000 €This plot has an irregular shape and is located on a slope, featuring an impressive facade length.190 metersproviding access to the registered dirt road on the southeast side. Nearby, there are several undeveloped plots and cozy country houses. The plot has two planning zones:

• The first zone is2742 m²that opens up opportunities for development and land use.

Villas in Paphos

In addition, an amazing villa in Paphos is being offered, with an area of192 m²with four bedrooms for1,414,000 €This property meets the highest standards and is located in one of the most popular areas. The villa is situated on a large plot with a well-maintained garden and a multifunctional area for installing a large swimming pool. This project is known as "Adonis Beach Villa" and represents a modern elite solution.

Apartments in Limassol

A apartment with an area of is for sale in Limassol.132 m²at the price1,000,000 €It is located on the fourth floor and includes two bedrooms, a spacious kitchen-dining area, and two bathrooms. The windows offer stunning views of the sea, and the apartment is equipped with air conditioning. The residence is offered furnished, and there is a private storage tank on the gated property.

There is also an apartment for sale in Limassol with an area of116 m²at the price650,000 €It is located in one of the most prestigious areas of the city and is conveniently situated near all necessary amenities, creating excellent conditions for both comfortable living and profitable investments.

Penthouses in Limassol

In addition, in Limassol, penthouses with a total area are awaiting your attention.1550 m²The prices are available upon request. The Park Tower residential complex offers a unique selection of luxurious apartments located along the Mediterranean coast, making them particularly appealing to potential buyers.

Park Tower in Limassol

The Park Tower, located in Limassol, is not just a residential building, but a true symbol of elegance, modernity, and a refined lifestyle in this magnificent city. The architectural style of this structure impresses with its splendor and harmoniously blends into the picturesque views of the area, situated in a prime location near secluded beaches known for their exceptionally clean and beautiful nature.

Current real estate offers

In the real estate sector, a villa located in Paphos stands out among current listings, with a price of585,000 eurosThis villa is sized177 square metersincludes:

• four bedrooms,
• three bathrooms,
• two parking spaces.

When purchasing this property, you will be able to obtain a residence visa.

Cyprusreal estate: important aspects

Cyprus is an amazing island that offers numerous opportunities for those considering purchasing property. If you are looking to invest in real estate in this region, it is highly recommended to explore the available options. You will encounter various properties that will delight you with both their design and location, which is very important for comfortable living.

The procedure for purchasing real estate in Cyprus has much in common with similar processes in other countries. It requires a clear action plan that must be followed before you can become a full-fledged owner of a property. It's also worth exploring different parts of the island, as each has its own unique characteristics and features. Recently, the real estate market in Cyprus has shown interesting changes, including both growth and temporary declines.

Health care: medical insurance

If you are planning to move to Cyprus, you should pay attention to certain important points, among which is obtaining health insurance. This document is mandatory for everyone who plans to monitor their health and receive medical services on the island. You should not limit yourself to the most basic insurance that only covers hospitalization, but choose more comprehensive policies that include outpatient treatment. This will help you receive quality medical care and reduce the likelihood of serious financial expenses.

The cost of medical services in Cyprus is relatively low compared to some European countries. However, without comprehensive health insurance, each visit to a doctor or test can incur significant expenses. The average price for annual insurance ranges around200-400 eurosFamily policies often help save money. In most cases, patients pay for treatment upfront, and then the insurance company reimburses the expenses incurred.

The quality of healthcare in Cyprus is considered high, as evidenced by the life expectancy of the local residents, which reaches82 years oldThe island has many medical facilities, and especially in large cities, you can find doctors who speak English. However, some wealthy Cypriots prefer to seek medical assistance outside their country.

Cypriot medicine: quality and accessibility

In Cyprus, you can find both public and private healthcare facilities. There are specialists who speak Russian and represent various fields of medicine. Overall, the quality of medical services on the island is acceptable; however, compared to the level of healthcare in major Russian cities, there are noted differences. Many people from Cyprus prefer to seek medical assistance in countries like the UK, Germany, or Greece. Nevertheless, locals in Cyprus suffer from colds and other illnesses significantly less often, which is attributed to their active lifestyle and proper nutrition.

According to data published on the Numbeo portal, the healthcare system in Cyprus ranks76th placein the world ranking, while in Russia the figure is62This could be an additional factor pushing towards the decision to live and receive treatment in Cyprus.

Culinary traditions of Cyprus: must-try dishes

Cypriot cuisine is a wonderful example of Mediterranean culinary art, influenced by both Greek and Turkish recipes. The main ingredients of local dishes are fresh vegetables and fruits that grow beautifully on the island, as well as a variety of seafood. When preparing Cypriot dishes, various aromatic herbs such as basil and coriander are most commonly used, although the amount of spices is significantly less than in traditional Turkish cuisine.

The locals are known for their culinary talents, especially in the area of meat dishes. Among the popular treats are:

• local cheeses
• yogurts
• various sour dairy products

These delicacies are prepared with care and respect for culinary traditions.

Culinary preferences in Cyprus

In recent years, familiar products such as kefir, ryazhenka, and sour cream have become available in Cyprus, which has brought positive feelings to Russian-speaking residents. Additionally, there are stores on the island where you can buy your favorite pickles and pears, so you won't be without your beloved snacks.

Restaurant portions are often so large that one is enough for two. In inexpensive restaurants, you can have lunch for just€25-€50...which allows you to enjoy quality cuisine even in company.

Cost of living

Cyprus is abundant in fresh vegetables and fruits. According to experts from Numbeo, the expenses per person amount to about€250 per month...which makes life on the island quite affordable. If you want to learn more about prices in Cyprus, it's worth consulting reliable sources.

Leisure and social connections

When it comes to the leisure activities of elderly people, locals prefer to spend their free time with loved ones, often visiting cafes and restaurants for friendly gatherings. This relaxed atmosphere fosters new acquaintances, which are easy to make, thanks to the large Russian-speaking community, especially in Limassol, where about...30 thousand emigrants from Russia.

In social networks and on resources of the Russian community, it's easy to find like-minded people and contacts.

Culture and traditions of Russian speakers in Cyprus

Our compatriots who came to this sunny island brought with them their traditions and culture. A Russian theater is actively functioning here, and there are tours by artists and performers from Russia.

It's not difficult to make friends with the locals, as most Cypriots are open and friendly. Knowing English helps with communication, as the majority of the population understands it. About6-7% of the populationThey say that speaking Russian expands your social circle.

Leisure activities for retirees in Cyprus

According to real estate expert Olga Peter, many retirees prefer spending time outdoors, swimming in the sea or simply enjoying a cup of coffee and local seafood.

Most people come to Cyprus only in winter, when the temperature in December reaches+20°C...which allows the swimming season to continue. Cyprus creates excellent conditions for a relaxing vacation.

People who buy villas often recreate their gardens and vegetable patches by planting flowers and vegetables. The conditions for farming here are simply magnificent; you can harvest several crops of potatoes in a year. For those who prefer active leisure, agriculture and gardening will be an ideal option.

• Visiting theaters
• Cinema
• Shopping centers in Larnaca and other cities

Historical and cultural landmarks

Cyprus offers a wealth of interesting places for history and culture enthusiasts: there are ancient ruins, impressive medieval castles, and historic towns. Archaeological museums can even be found in tiny villages.

Most locals practice Orthodoxy, so you will encounter many beautiful churches and monasteries, which adds extra color and spirituality to this place.

Nature and outdoor activities

In addition to historical monuments, Cyprus boasts magnificent natural landscapes. For those who want to relax and enjoy picturesque views, it is recommended to visit national parks, mountains, or simply take a stroll along the seaside.

Water sports are actively developing in Cyprus, and for those who wish to spend their time more peacefully, there are walking trails available. It is easy to find a sports complex, fitness center, or swimming pool here, which adds variety to active leisure.

Conclusion

In conclusion, it can be said that the decision to move to Cyprus is a significant step that requires careful consideration and thorough evaluation of all factors. I have outlined the main advantages and disadvantages of living on this beautiful island, and as can be seen, this decision has both positive and negative aspects.

Yes, there is an unforgettable atmosphere here, a wonderful climate, and friendly people, which makes life in Cyprus a truly unique experience. However, it's important to remember that for a successful move, you need to consider financial matters, the cost of living, leisure opportunities, and transportation availability.

Advantages of living in Cyprus

• Wonderful climate
• Friendly people
• Rich culture and nature

Drawbacks to keep in mind

• High costs of housing and healthcare
• The necessity of having a car
• A hot summer that can be difficult to endure.

For many retirees, especially from the CIS countries, life in Cyprus can be a true escape from cold winters and a monotonous routine. However, it is important not to overlook the significance of strategic planning, including analyzing one's finances and exploring all immigration programs available for foreign citizens, particularly for older individuals.

It's also important to consider the climate conditions, which may not suit everyone. Hot summers and the need for a car can be determining factors for a comfortable life here. For those who are ready to adapt to new conditions and have sufficient finances, Cyprus can offer many pleasant experiences, from fresh seafood to stunning landscapes.

If you are considering moving to Cyprus, it is important to prepare thoroughly in advance and study all aspects, both financial and practical. I hope this article helps you make an informed choice, and perhaps in the future, you will become one of those who find a new home on this sunny island.