by windsurfrush » Fri Jan 18, 2008 2:03 pm
CYPRUS is leading the race for the most expensive destination for foreigners, DISY Vice Chairman Averoff Neophytou charged yesterday, warning that if measures were not taken soon, the island could get into troubled waters in its tourism industry.
Commenting on a recent study conducted by British insurance company Prudential UK, Neophytou said Cyprus was one of the top hot spots for British people wanting to retire abroad. Apart from Cyprus, Canada, Australia, France, Jamaica, Italy, the United States, Spain, New Zealand and South Africa are destinations preferred by British people wanting to retire.
“As far as expenses go in relation to the 10 countries, we are unfortunately at the top of the list when it comes to being the most expensive destination. It appears that Cypriots pay twice as much as an American when it comes to daily expenses,” said Neophytou.
Calling on the government to solve the problem, Neophytou said: “They have to stop being indifferent to the citizens of Cyprus, to understand that these high prices are eating away at the Cypriot citizen’s income while we are also worried that the current situation will have a massively negative effect on the future.”
According to Prudential, South Africa is the cheapest retirement getaway for the retiring classes, offering a cost of living 38.5 per cent more affordable than Britain and 54 per cent more affordable than Cyprus, which they state is the most expensive place for British people looking to retire abroad.
The research was based on a shopping basket of 10 common weekly goods that includes a litre of milk, a loaf of bread, a medium jar of instant coffee, a kilo bag of sugar, 500g of cheese, six eggs, a standard bar of milk chocolate, a lettuce, a kilo of apples and a whole fresh chicken. It revealed that a South African resident would have to spend a mere £9 whereas British residents fork out £15. Residents in Cyprus, however, would have to cough up £20.
Copyright © Cyprus Mail 2008
Unquote.
You'd be surprised at how many British people are avoiding Cyprus like a wildfire. There are more British people that retire in Canada than here.
Last edited by
windsurfrush on Fri Jan 18, 2008 2:04 pm, edited 1 time in total.