• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Panama
      • Portugal
      • Belize
      • Dominican Republic
      • Mexico
      • Colombia
      • Italy
      • Montenegro
      • Northern Cyprus
      • France
      • Spain
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Gun Laws In The World
      • Establishing Residency
      • Starting an Online Business
      • Safest Places For Retirement
      • Best Places In Latin America
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Panama
      • Portugal
      • Belize
      • Dominican Republic
      • Mexico
      • Colombia
      • Italy
      • Montenegro
      • Northern Cyprus
      • France
      • Spain
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Gun Laws In The World
      • Establishing Residency
      • Starting an Online Business
      • Safest Places For Retirement
      • Best Places In Latin America
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home Real Estate

Big Opportunity For Your Retirement Plan In Cyprus

Kathleen Peddicord by Kathleen Peddicord
Sep 06, 2023
in Real Estate
0 0
0
Aphrodites Rock in Cyprus. retirement plan cyprus

iStock/peeterv

222
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

At the far eastern edge of the Mediterranean, you’ll find an island that has dazzled mankind for millennia…

The Greeks were among the first expats here 3,500 years ago.

Their poets were so inspired that they claimed it the birthplace of Aphrodite, the Goddess of Love and Beauty.

Later, Alexander The Great fought to conquer this island, as did the mighty Persian, Ottoman, and Roman empires…

Leonardo di Vinci was then drawn to its shores, while Shakespeare brought Othello here a couple centuries later.

The allure of Cyprus has been celebrated since near the beginning of human civilization…

But such a small island can be forgotten for decades at a time.

Today, blessed with year-round warm weather, clear blue waters, and over 400 miles of coastline…

Cyprus finds itself on the precipice of discovery yet again.

The British, Swedish, Norwegians, Germans, and others from across Europe have started flocking here to the warmest island in the Mediterranean. Prior to the pandemic, the influx of visitors to Cyprus was one of the biggest stories no one was talking about:

Yet, despite the boom in interest, Cyprus remains affordable and largely undiscovered by much of the world, including North Americans—but not for long…

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today

 

A Retirement Plan In Cyprus

On an island frequented by millions of tourists and expats, English has become so commonly spoken that you’d never have to learn Greek or Turkish…

The food in Cyprus is light, fresh, and tasty, and it’s proven to help prevent heart disease and Alzheimer’s. Hibiscus, oleander, and daisies blossom across the island, from the coast to the foot of its mountains, while fig, lemon, and orange trees everywhere offer shade and the occasional free treat.

Blessed with rocky coves and white-sand, Cyprus’ coast has won the “Blue Flag” award for 76 of its beaches and marinas…

Remarkably, for a few months of the year, you can also snow ski down Mount Olympus rising from the center of the island.

Plus, if you enjoy the outdoors, this is even more of an island paradise than the beaches would have you believe…

About twice the size of Delaware, Cyprus boasts three national parks, 10 golf courses, and 240 official hiking trails through its mountains and sprawling forests. Expeditions on horses, ATVs, and Jeeps venture out every day in search of hidden lagoons, waterfalls, and caves…

And, to top it off, life (and property) is as affordable as it gets in Europe— you could live very comfortably here on as little as US$1,243 a month.

Better Than Your Neighbor’s Retirement… Florida vs. Cyprus

In 2022, Orlando had an average rent of US$2,249 per month for a two-bedroom apartment (a 19% increase from the previous year).

In Northern Cyprus, rents start at about €200 per month for basic accommodation, with nicer apartments in city centers or close to the beach going for about twice that.

That’s about 90% in savings—just for choosing a Mediterranean island over Florida.

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today

 

A two-bedroom, one-bathroom apartment has a total living space of over 900ft2 (85m2). It rents fully furnished for US$450 a month in a complex with the pool above. The property is a short stroll from the market and just a few miles to the beach.

So, how in the world is everything so affordable here?

The currency exchange rate, certainly, is a major factor—it’s one of the most powerful cost-of-living “loopholes” from which you can benefit.

But there’s more to it than currency…

The Delightful Island Has Long Been Seriously Misunderstood

I traveled to Panama for the first time just before the U.S. pulled out and turned management of the Canal over to Panama…

And I visited Medellín, Colombia, years after Pablo Escobar died but long before the average American was open to the idea of considering this city as a place to spend their time or money.

In each case, I’d arrived on the scene at what proved to be a critical turning point in the country’s history…

At times when these places, previously ignored, overlooked, or shunned, were bound to reinvent themselves and their position on the world stage.

Here in Cyprus, it’s déjà vu. We’ll start with a quick lesson on ancient history…

The ancient Greeks, the Phoenicians, the Assyrians, the Egyptians, the Persians, the Ptolemies, the Romans, the Byzantines, the Franks, the Venetians, the Ottoman Turks, and the British have all settled, invaded, conquered, and ruled Cyprus.

Warriors who took part in the battle of Troy chose to settle here. They established a system of city-kingdoms on the Greek model that prospered and created great wealth… Alexander the Great freed the island’s inhabitants from the Persians in 332 B.C.

In return, the independent Cypriot kingdoms helped Alex defeat the Phoenicians.

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today

 

The apostles Paul and Barnabas brought Christianity to the island in 45 A.D., making this the first country in the world to be ruled by a Christian. In 1191 A.D., during the third crusade, Richard the Lionheart shipwrecked on the island. He liked it so much that he claimed Cyprus for his own…

Not many years later, he decided to sell to the Knights Templar, who bought it for 100,000 golden Byzantine dinars but then asked for a refund when the island’s inhabitants, tired of being ruled by one foreign body after another, I guess, rose up against them.

Much more happened between then and more modern times, but the history that is critical to understanding the current situation dates to 1878.

That’s when the British empire took over the island under a lease from the Ottoman empire…

A lease that set into motion Cyprus’ modern-day status as a divided island that is part of the European Union.

Cyprus became an independent nation in 1960 with a constitution meant to be guaranteed by Britain, Greece, and Turkey.

While the Brits were in control, the Greek and Turkish Cypriots played nicely, but after independence, that changed. By 1974 the constitution was under attack, and the Turks intervened…

The island has been divided ever since.

The how and why of the sequence of events are portrayed differently by both sides—the Greek Cypriots start the story in 1974 blaming the Turkish Cypriots and the invasion of Turkey, and the Turkish Cypriots start earlier blaming the Greek Cypriots.

Jump ahead to the accession into the EU for the island in 2004 and the south, the Republic of Cyprus, was required to recognize all Cypriots on the island as citizens.

That allowed the Turkish Cypriots to finally have a recognized passport which made international travel easier. At the same time, the division line on the island was also opened for easier crossing between the two sides.

Today, the two sides continue to discuss reunification. However, the more time that passes, the more complicated the situation seems to get. Oil has been discovered offshore, and as it does so often, money complicates things…

Start Your New Life Today, Overseas

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today

 

Meanwhile, the northern side of the island has a freshwater pipeline from mainland Turkey that has eliminated the stress of water shortages. The south still has water shortages at times, and the north has provided it to its neighbor in the past…

Indeed, this sharing of water symbolizes much of the current situation… the border is easy to cross, everyone sees themselves as Cypriots first and foremost, and people on both sides are welcoming, open-minded, and hospitable.

Today’s Cypriots want nothing but stability and a chance to enjoy life here on Aphrodite’s sun-drenched, sand-fringed isle.

As of today, the political divide means incredible value in the north, while the continued development in the south has the island on a strong path of progress…

It all adds up to a window of opportunity that spells prosperity for your investment portfolio and your retirement plan in Cyprus.

Until next time,

Kathleen Peddicord signature

Kathleen Peddicord

Founding Publisher, Overseas Opportunity Letter

Tags: 'overseas investing'cyprus
Share89Tweet55
Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her Best-Seller book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

Related Posts

Tropical Beach In Dominican Republic, Las Terrenas. property in paradise
Investing

Your Own Patch Of Paradise Property From US$39k

by Sophia Titley
September 22, 2023
0

Jimmy Buffett found his island escape when he relocated to sunny, sand-fringed Key West, FL, from Nashville, TN, in the...

Read more
wealth panama

One Key Step To Preserve Your Wealth

September 20, 2023
living in Belize

2 Options For Key West Living In Belize

September 20, 2023
Surfers Paradise Venao Beach In Panama

Why We Chose Panama: Life In Los Islotes

September 14, 2023
Sun bathing in Portugal. life in comporta

Enjoy Life In Comporta, The Hamptons Of Europe

September 12, 2023
Sunny day in Herceg Novi

My #1 Choice For Growing My Wealth

September 6, 2023
Panoramic view of the central area of the city of Medellin, Colombia.

House-Hunting In Medellín’s Best Neighborhoods

August 23, 2023

Start Your New Life Today, Overseas ...

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2023

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2023 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2023 - Live and Invest Overseas - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Download your FREE report on

The Best Places To Retire In 2023

FREE: 

Find Your Paradise Overseas

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY