Cyprus vs Spain – Your Comprehensive Guide with 7 Facts

Introduction

Cyprus and Spain are two of the most popular destinations for people looking to relocate.  Both countries offer a high quality of life, but they differ in many ways. In this article, we will compare the two countries in terms of cost of living, healthcare, education, climate, culture, and lifestyle.

Cost of Living

Cyprus vs Spain? The cost of living in Cyprus is generally lower than in Spain. Cyprus is considered one of the most affordable countries in Europe. The cost of living in Cyprus is generally lower than in the USA, Northern Europe, and the UK. Taxes are more lenient, and property prices are generally more affordable.

Healthcare

Healthcare in Cyprus is cheap and effective, and is another reason many expats relocate to the island. The Cyprus healthcare system is divided into public and private sectors. Public healthcare is cheap and subsidised, and even private healthcare costs can be quite affordable. Healthcare in Cyprus is ranked among the regions with the healthiest climate worldwide.

cyprus vs spain

Education

Compared to many Western European countries, the cost of university education in Cyprus is relatively affordable. On average, the tuition fee for a Bachelor’s degree can be around €3,400 to €8,000 per year. Cyprus spends 5.8% of its total GDP on education as of 2017. Spain spends 4.2% of total GDP on education as of 2018.

Climate

The island enjoys the warmest climate in the European Union, with some 320 days of sunshine per year. Cyprus is also ranked among the regions with the healthiest climate worldwide. In general, Spain experiences a Mediterranean climate with hot, dry summers and mild, wet winters in the southern and eastern regions. The central plateau tends to have extreme temperature fluctuations with hot summers and cold winters. 

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Culture and Lifestyle

Life in Cyprus is more relaxed, and there are more opportunities to spend time outdoors. The lifestyle is typically Mediterranean with its slow, laidback pace and “enjoy the moment” attitude. Spanish culture is renowned for its vibrant arts, including flamenco music and dance, celebrated festivals like La Tomatina and Semana Santa, and its distinct cuisine such as paella, tapas, and delicious wines. The Spanish lifestyle often emphasizes socializing, with a focus on family gatherings, late dining hours, and a relaxed pace of life known as “la siesta.” 

Pros:

  1. Cost of living: Cyprus has a relatively low cost of living compared to other European countries, making it an affordable option for retirees or young professionals.
  2. Climate: Cyprus has a warm Mediterranean climate with mild winters and hot summers, making it an ideal destination for those who enjoy sunny weather.
  3. Delicious cuisine: Spanish cuisine is renowned for its fresh ingredients, bold flavors, and healthy Mediterranean diet. From paella to tapas, there is a wide variety of dishes to try.

Cons:

  1. Job opportunities: Cyprus has fewer job opportunities compared to other European countries, and salaries for non-Cypriots are relatively low in almost every field and sector.
  2. High cost of living: The cost of living in Spain is relatively high, especially in major cities like Madrid and Barcelona. Housing, food, and transportation can be expensive, which can make it difficult to save money.

  3. Political instability: Cyprus has a history of political instability, and the island has been divided since 1974.

FAQs

The average cost of living in Cyprus is 16% more less than in Spain.

In Cyprus, the average life expectancy is 80 years (77 years for men, 83 years for women) as of 2022. In Spain, that number is 83 years (80 years for men, 85 years for women) as of 2022.

In Cyprus, 7.1% of adults are unemployed as of 2019. In Spain, that number is 14.1% as of 2019.

In Cyprus, 14.7% live below the poverty line as of 2018. In Spain, however, that number is 20.7% as of 2018.

Cyprus has a top tax rate of 35.0% as of 2016. In Spain, the top tax rate is 45.0% as of 2016.

Conclusion

In conclusion, both Cyprus and Spain are great places to live, but they differ in many ways. Cyprus is generally more affordable than Spain, with a lower cost of living and affordable healthcare. The island also enjoys a warm climate and a relaxed lifestyle. Spain, on the other hand, has a rich culture and history, and is known for its art, architecture, and food.

If you are looking for a more affordable place to live with a relaxed lifestyle, then Cyprus is the place for you. If you are looking for a place with a rich culture and history, then Spain is the place for you.

If you have any questions regarding Cyprus Real Estate investment and development, don’t hesitate to contact us at info@sunshadowinvest.com, call us at +357 24 816246, or Book a 20-Minutes Online Meeting.

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