Cyprus among top ten countries for retirement

NEWS Friday, 03 March, 2023

Cyprus is among the top ten countries for people to retire to, with a focus on affordability, according to a study released on Wednesday by one of the UK’s largest life insurance brokers Reassured.

The study took into account a number of key factors, including the annual level of sunshine recorded by the country, average life expectancy, the associated country’s cost of living index, and the average cost of accommodation.

Additional factors include the average cost of transport in each country, as well as the percentage of the total population over the age of 65.

From these six key factors, the study determined a score for each, combined them together, and then ranked all countries from highest to lowest, with the countries ending up with the higher scores being best suited for an economic retirement.

Cyprus was ranked in seventh place, ahead of such countries as Japan (8), Romania (19), Poland (23), Estonia (26), and Turkey (28).