Over the last few years, Cyprus has gained international fame as an expensive destination for well-off tourists from all over the world. Moreover, since the introduction of the euro on January 1, 2008, the prices of all goods and services across the island became even higher. Of course, even if an expensive place, Cyprus is much more affordable destination compared to the Cote d’Azur in France or the Italian Riviera. However, the Island of Aphrodite in no way inferior to other quite expensive tourist destinations such as Ibiza.
For example, two cups of coffee in the resort city of Paphos will cost around 7 euros (of course, if you choose to skip the breakfast).
However, if you decide to eat something (a sandwich for example), in the best case you will have to pay at least 10 euros more.
If you are planning a nice lunch or dinner for two at a middle class restaurant and want to leave the restaurant full, you have to prepare at least 50 euros.
Compared to other tourist countries in the region such as Bulgaria, the prices are nearly three times higher!
Though very similar with the Balkan Peninsula countries when it comes to mentality and culture, Cyprus differs significantly from the other leading tourist centres in the region such as Greece, Croatia and Turkey, which offer lower prices but also very high quality of service.
However, real estate prices are significantly lower compared to most other European countries and one could invest in new and quality home without having to spends too much.
Very good apartments can be found even at the price of less than € 100,000! Many of them have even private pools and offer magnificent panoramic views.
The golden combination of mild climate and low property prices makes Cyprus a very popular destination among Russian and British people.
There is an increasing number of people from these countries who want to settle down in Cyprus permanently.
In fact, Britain and Russia are among the most expensive places to live in Europe, so that people who arrive from these two countries are not easy impressed from the high prices in the Mediterranean country.
However, most of them really cannot resist the smiling sun, blue sea, golden sand and cloudless sky.