The cost of living is continually going up in the United States. Recent data and news suggest that it is almost impossible for ordinary people to acquire houses in some states like California and New York. For this reason, many retirees are either moving to less-expensive states. Others are moving to foreign countries, especially those in Europe, Australia, and New Zealand. In this article, we will focus on Cyprus, which has emerged as a popular destination among Americans.
Cyprus is a small island nation located in the eastern side of the Mediterranean. It has a small population of slightly over a million people. It is a developed country that is part of the European Union and most people there speak in English. The cost of living is slightly lower than the average of the EU and has been voted as one of the best places for retirees. In addition, it has some of the best beaches in the world.
How to Buy a Retirement Home in Cyprus
If you believe that Cyprus is the best place for you to live and retire, you first need to acquire the Cyprus property. If your plan is to lease, the average three-bedroom apartment near the city will cost you between $600 and $1,500 per month. Outside of the city, the same three-bedroom apartment will cost you between $500 and $1,100 per month. This is relatively cheaper that what these houses cost in most American cities. If you decide to buy a retirement home in Cyprus, it is possible to get a quality beach-front home for less than $200k. The country’s government has put in place several incentives to attract foreign buyers of homes. For example, if you buy a property for $2 million or more, you will get a passport for you and your family members.
While you can find a house for yourself, it is recommended that you use a qualified housing agent that has a lot of experience in the industry. Such agents will help you find good houses at your desired pricing. They will also help you apply and fill the paperwork that is required for your house. Also, they will help you avoid fraud, which is a major issue around the world.
Improving Your New Retirement Home
After acquiring or leasing your retirement home, the tough part will be on how to equip and improve it. This is a common challenge that many people who are moving to a new house face. It is a tougher challenge for people without an experience in interior design.
First, you need to come up with a list of everything that you need for your new home. This list will help you come up with a budget and also prioritize the things you need to buy for your house. You should write down the list on a piece of paper, or on the common note taking apps like Evernote and Google Keep.
Second, you need to come up with a theme of the house. Do you want an American, Asian, or European look? We recommend that you create your theme based on the colors and features that you like. For example, if you prefer fabric sofa, you should select one that is of your favorite color. The same is true for all the items that you select. As such, there is no need for you to spend money on an interior design expert.
Third, you need to research about the price of all the things you that you have added on your shopping list. Fortunately, many furniture and home décor companies in Cyprus have good e-commerce platforms where you can compare this pricing. We recommend that you spend a few hours or days doing this research. We also recommend that you visit a few of those stores in person.
Finally, you should now start your shopping. As you do this, you should use the shopping list and your theme to do buy the items. Remember, since furniture and home furnishing items are reasonably expensive, you should do your best to focus on items that are within your budget. For example, you should spread your buying into a longer period, and compare the prices of the various sellers.
Final Thoughts
Cyprus is an ideal place if you are thinking of a highly-developed yet reasonably-priced place for you to retire. You will find quality projects that are very reasonably priced. The people are social and diverse and the night life is very good. It is also located strategically at the intersection of Europe, Africa, and Asia. It has also been voted as one of the best retirement places. As explained above, we recommend that you use a quality team of agents when buying the property to ensure that you get a good house at the most reasonable price.
