Living life in Northern Cyprus – how economical is the area really?
The cost of living is always unpleasant for many people in Germany. This particularly affects rental prices, which are constantly increased and can cut off your own financial freedom. It may therefore be worthwhile to consider a base in Northern Cyprus. We will reveal in more detail below how much living costs are in Northern Cyprus. First of all, it should be said: You shouldn’t expect unrealistic sums – but you can count on savings that will help all around.
Living in Northern Cyprus: rental prices and additional costs at a glance
Some savings can be expected in Northern Cyprus, especially when it comes to rental prices and additional costs. When it comes to electricity, water and other additional costs such as repair work, costs here are often a quarter to a fifth lower than in Germany and especially than in large cities such as Frankfurt, Paris or London. This means: You can make it more comfortable for yourself – without paying more.
If you would like to finance your home with us, you can get the best conditions through local banks. With very small monthly amounts, your dream of an investment or your retirement home will come true – without you having to expect any compromises in your everyday life. So it’s no wonder that more and more people are currently moving to Northern Cyprus because of the cost of living.
Grocery shopping – how to make living cheaper in Northern Cyprus?
When it comes to food, you can discover seasonal fruits and vegetables at the best prices at local markets. This is the cheapest way to live in the Mediterranean, not only when it comes to rental prices, but also when it comes to many types of food. However, branded goods can be just as expensive as you are used to. Another plus: alcohol and cigarettes are generally considered budget-friendly, so you can treat yourself to a wine or two in the evening with a breathtaking backdrop without feeling guilty.
If you want to eat out or treat yourself to a cocktail or two at the bar, you should expect different prices. In busy tourist areas, refreshments are about as expensive as in cheap restaurants here. Otherwise, you can save a lot here and, for example, get a large barista-style coffee for around two euros. Various snacks for small appetites are also ideal for your own budget at two to three euros.
What currencies are accepted for living in Northern Cyprus?
If you want to pay bills or purchases in Northern Cyprus, you should have Turkish lira as your main currency. However, the southern part of the island largely operates in euros and is often a little more expensive than living in northern Cyprus. Having cash with you is very beneficial. Because: Not all smaller shops accept credit cards or other Bank cards. ATMs are very common, making paying locally much easier. You see: When it comes to living in Northern Cyprus, there are a few advantages that speak for Northern Cyprus real estate. KIBRIZ offers a wide variety of these so that there is something for everyone.
