The number of American retirees who have moved abroad for good has increased a lot in the last ten years. Cyprus is one of the most popular destinations.
In fact, according to the U.S. News ranking, the island of Aphrodite ranks 25th among the best countries in the world for Americans to retire. This result shows that the island is becoming more and more popular with US citizens who want a nice, safe and comfortable life by the sea. There are a few main reasons why American retirees choose Cyprus:
- The island has a really relaxed atmosphere, which makes it perfect if you're after some peace and security. It's one of the safest countries in Europe, where you can stroll along the promenades in the evenings without worrying about your personal safety. It's the perfect place for those who want to unwind from the stresses of everyday life.
- Pensioners on a budget will be pleased to hear that Cyprus is affordable. It has cheap housing, healthcare and food. The tax system is pretty good for foreigners, and it's easier than ever to get residency thanks to special programmes for citizens of countries outside the EU.
- It's easy to adapt — English is widely spoken on the island, especially in cities and tourist areas, and the locals are renowned for their hospitality. This makes the move and settle-in process really smooth. There are also lots of international communities and events that can help you make friends and quickly feel at home.
- Cyprus offers great healthcare at a reasonable price, with both excellent public and private options. Patients often get the treatment they need more quickly and at a lower cost than in the United States. This is especially important for retirees who don't want to get bogged down with complicated insurance systems.
- A dream lifestyle
- With over 320 days of sunshine a year, the Mediterranean Sea, a relaxed pace of life and the opportunity to enjoy nature and culture without rushing, Cyprus is a true paradise for those who want to finally live for themselves.
- Real estate is the key to a new life – the property market is a big deal when you're moving. Cyprus has a great selection of places to stay, from apartments by the sea to villas in mountain villages. Retirees tend to go for modern housing complexes with all-inclusive infrastructure. There are also entire villages for retirees on the island, where everything is provided for a comfortable and active social life.
Don't forget that if you invest in Cypriot real estate, you can also get permanent residency, which makes buying a home a great option if you're planning to stay on the island for a while.