Invest in Cyprus to learn about the cost of living in Cyprus:
Housing
☆ In Cyprus, the monthly water bill for a family of three is about 30 euros; 0.9 euros/cubic meter.
☆ Residential electricity is charged on a tiered basis, averaging 0.2 euros/kWh.
☆ A canister of cooking gas costs 10 euros and lasts about three months.
☆ Landline calls to China are very cheap at 0.08 euros/minute; mobile calls are slightly more expensive.
☆ Internet costs vary by ISP and are slightly higher than in China: the best ISP provider, 2M speed, costs about 42 euros per month including landline rental and internet fees.
Food
☆ Overall consumption levels are similar to those in major Chinese cities. In supermarkets:
☆ Rice is more expensive than in China. As the staple diet in Cyprus is flour-based, rice must be imported from Asia, costing about 1.9~2.2 euros/kg.
☆ Flour costs 0.8~1.5 euros/kg.
☆ Cooking oil is cheaper than in China, and olive oil is even more affordable. Extra virgin olive oil retails for 4~7 euros/liter and is frequently on buy-one-get-one-free or half-price promotions.
☆ Cyprus is famous for its wine, and there are many varieties available in supermarkets for 1 or 2 euros.
☆ Meat is slightly more expensive than in China, but items like large bones, pig heads, and offal are very cheap or even given away for free because locals do not consume them.
☆ For seafood, large tiger prawns cost about 16 euros/kg, and sea bass costs about 9 euros/kg.
All prices are per kilogram. The above information is based on actual photos taken in local Cypriot supermarkets.
Farmers' markets are open in every city on Wednesdays and Saturdays, mainly selling vegetables and fruits at prices much lower than in supermarkets. In short, if you cook for yourself, 200 euros/month/person is enough to eat very well.
Transportation
☆ Buying a car is much cheaper than in China, especially used cars, which are essentially dirt cheap.
☆ An 80% new Hummer H2 sells for the equivalent of over 300,000 RMB.
☆ A 90% new BMW X6 sells for the equivalent of about 280,000 RMB.
☆ Fuel prices are slightly higher than in China; 8 liters/100km = 10.4 euros.
☆ Property management fees: Villas do not have this fee; apartments cost about 50 euros/month.
Other Expenses
☆ Property management fees: Villas do not have this fee; apartments cost about 50 euros/month.
☆ Once investors obtain permanent residency in Cyprus, their eligible children can enjoy free public education, and the whole family can enjoy free medical care in Cyprus, which saves a significant amount of expenses.
Overall, the cost of living in Cyprus is relatively low, but more importantly, Cyprus offers food safety, a fresh and natural environment, smooth traffic, and a peaceful and contented life.