Cyprus seen as go-to spot for retirement

A antheral rides a bicycle past a Civil Defense vehicle successful Akrotiri village, located adjacent RAF Akrotiri, a British sovereign basal successful Cyprus that was deed by a drone aboriginal Monday. [Yiannis Kourtoglou/Reuters]

Cyprus is emerging arsenic 1 of the world’s astir charismatic places to retire, arsenic rising surviving costs successful large economies propulsion much radical to look overseas for a much affordable life.

In a study highlighted by Fortune, the land ranked astatine the top of a caller planetary database of status destinations for 2026, tying with Ireland, while traditional options similar the US and the UK failed to marque the top 15.

The ranking, compiled by Hoxton Wealth, reflects a increasing shift: For galore retirees, staying location is nary longer financially viable.

Across the US and UK, rising costs for housing, healthcare, and mundane essentials are eroding status savings, adjacent for those who planned ahead. Some retirees are cutting spending sharply. Others are returning to work. Increasingly, galore are considering relocating altogether and Cyprus is among the countries benefiting from that trend.

The study points to the island’s comparatively little outgo of living, peculiarly extracurricular large municipality centers, on with favorable tax policies, widespread use of English, and a warm clime with much than 3,000 hours of sunshine a year.