What Are the Benefits of Living in Cyprus as a British Expat in 2024?

If you are a British expat considering a relocation, you may be wondering about the benefits of living in Cyprus as a British expat. From the stunning weather to the relaxed lifestyle, there are many reasons why Cyprus is a popular destination for expats from the UK.

Great Weather

The great weather is just one of the benefits of living in Cyprus as a British expat. That is to say, you will be able to enjoy all the typical Mediterranean patterns of weather: hot summers, cool winters. This can only mean being outdoor most of the time, hitting the beaches, climbing up the mountains, or just dining in some local taverna al fresco.

Cost of Living

The other advantage of living in Cyprus as a British expat is that the cost of living is relatively cheaper. Cost of living in Cyprus is way cheaper compared to that in the UK; hence, in things like groceries, dining, utility bills, for example, less money will be spent. This in turn improves the standard of living, either for your retirement plans or while working.

Quality of Life

Cyprus is a top-ranking country among expatriates for the quality of life, the quality of medical facilities, international schools, and friendly living environments. It hosts a large expat community, so you will be sure to find many opportunities to meet people and make new friends.

Peace and Relaxtion

Add to this the laid-back lifestyle of Cyprus: the perfect getaway for anyone who wants to leave the mad rush of city life behind. Be it the busy coastal town of Limassol or the tranquil village in the Troodos Mountains, you will find an atmosphere of peace and relaxation that allows you to wind down and enjoy life like never before as part of living in Cyprus as British expat.

Attractive Real Estate Market

The real estate market of Cyprus appears to offer several unique benefits, which are most suitable for British expats considering living in Cyprus in 2024. From beachfront villas to modern urban apartments, the variety of properties on the market caters to a wide range of tastes and budgets. Most intriguing is the value for money, which is excellent in comparison to most parts of the UK in a way that it allows an expatriate more space and amenities for the same amount of money. Purchasing property is also a hassle-free process, while tax incentives exist for property owners, all the more making Cyprus an attractive option. Additionally, the island does have a strong rental market, hence there is income potential from property investment. Affordability, ease of investment, and potential returns are combined factors making the real estate market of Cyprus an exceptionally attractive one for those British expats considering living in Cyprus.

Office with sea view on Spyrou Kyprianou Avenue

€ 5,100 per month
alpha bank larnaca, ,

Corner building plot in Faneromeni

€ 1,000,000
mackenzie, , ,

Large piece of land in Mackenzie

€ 30,000,000

Recently renovated house in Larnaka

€ 1,200

Living in Cyprus as a British Expat: Frequently Asked Questions

Cyprus offers a high quality of life with beautiful weather, stunning beaches, and a relaxed Mediterranean lifestyle. As a British expat, you can enjoy a lower cost of living compared to the UK, along with excellent healthcare and education systems.

Cyprus has a large expat community, including many British residents, which can provide a supportive network for newcomers. English is widely spoken in Cyprus, making it easier to navigate daily life and communicate with locals.

Cyprus offers a favorable tax regime for expats, including a low income tax rate and exemptions for certain types of income, such as pensions. There are also incentives for expats who choose to retire in Cyprus, such as a reduced tax rate on pensions.

Cyprus has a growing economy with job opportunities in sectors such as tourism, finance, and real estate. Many expats also choose to start their own businesses in Cyprus, taking advantage of the favorable tax environment and the country’s strategic location for trade.

It is important to do thorough research and planning before relocating to Cyprus, including obtaining the necessary visas and permits, finding suitable housing, and understanding the local customs and regulations. Working with a reputable relocation agency can also help streamline the process and provide support throughout your move.

Conclusion

In summary, living in Cyprus as a British expat offers a lot of opportunity to be in sunny weather, maintain a low cost of living, improve the quality of life, and live a relaxed lifestyle. So, if you feel like making such a step, why not proceed and start this new journey in a Mediterranean paradise? You will not regret it!

At Cyprus Dream Homes, we can help you with your plans of living in Cyprus as a British expat. You can use the form below to contact us with your inquiry:

Contact Our Agents

Looking for a property? Request us to contact you

Compare Listings

Get Notified

Can’t find the property you are looking for? Fill out your property preference and we will contact you when a property matches your criterias