If you’re planning a holiday to Greece or Cyprus, it’s essential that you estimate how much it will cost. Doing this allows for creating an accurate budget and properly planning your trip.
Accommodation is one of the biggest costs that can affect your trip’s price tag. While there may not be many budget-friendly accommodations available, you should be able to find something suitable without breaking the bank.
Which country is cheaper?
If you’re searching for a cost-effective country to live in, there are plenty of choices available. From Bulgaria with its vibrant nightlife to Mexico with its relaxed pace of life, there are many appealing choices for international citizens living abroad.
However, it’s essential to be aware that not all countries offer a low cost of living. In some instances, there may be certain drawbacks such as lack of quality education and inadequate infrastructure.
Another factor that may influence your choice of a cheap country is how much planning is required to get there. For instance, if you’re searching for an inexpensive destination that requires little to no preparation, Cyprus would likely be your top pick.
If you’re not too fussed about planning, Thailand could be an attractive option to consider. It has long been a cheap Asian destination and prices have dropped drastically due to increased tourism recently. Flights there can be found from about 550 euros and accommodation starts from 5 euros – though availability is limited and fills up fast.
Restaurant Prices
When planning a trip to Cyprus or Greece, it’s essential to factor in the cost of food. Whether you’re in search of an easy snack or full meal, keep your budget in mind when making decisions.
Restaurant prices in Cyprus tend to be reasonable and provide excellent value for money. Plus, if you look hard enough, you might even stumble across some fantastic deals!
When planning your vacation, the cost of drinks should not be an issue. Most restaurants on the island offer glasses of local wine or bottles of beer for less than EUR3 in most restaurants.
However, it’s essential to remember that some high-end restaurants in Cyprus can make a serious dent in your holiday budget. To avoid this hassle, be sure to make reservations ahead of time!
House prices
Greece and Cyprus both experienced rapid increases in house prices over the last few years, despite having distinct economies. This was largely due to strong economic growth, low interest rates, and an uptick in stock values.
Investing in property in Greece can be a lucrative way to earn extra money, particularly if you plan to rent it out when not present. It is essential to note that exchange rates may fluctuate significantly month-to-month, so be mindful of this aspect when making your decision.
Contrastingly, the Cypriot market is less vulnerable to bubbles and prices are expected to increase gradually. The country boasts a robust economy and many luxury properties, with most foreign buyers hailing from the US and Australia.
Another factor which could influence prices is the recent introduction of VAT on new construction licenses, which was implemented to stimulate economic growth and boost consumer spending. While this measure is welcomed, experts believe that non-application of VAT to land purchases poses a problem for sellers and may negatively influence sale prices.
Food prices
When planning a holiday in Greece or Cyprus, it’s essential to know how much food and drinks will cost. Doing this allows you to budget for your trip and ensure that you have enough money for all of the things you want to do.
Greece boasts some of the lowest food prices in Europe, offering a variety of dishes to enjoy. Many visitors love tzatziki – an irresistible spread made with cucumbers, mint, olive oil and Greek yogurt.
Another popular dish in Greece is gyros, or meat skewers. While they used to be quite affordable, prices have gone up due to the conflict in Ukraine that has affected energy and ingredient costs.
A basic lunch of souvlaki, soda and a glass of wine can cost around 6 Euros. For more elaborate meals, expect to pay between 20-25 Euros. Beers or cocktails tend to range between 7-8 Euros as well.
Transport prices
Cyprus is a sought-after European destination, beloved by honeymooners, bird watchers and other vacationers. With plenty of natural attractions to discover on this captivating island, Cyprus truly has something for everyone.
Cyprus offers a more cost-effective lifestyle than many European countries, making it an attractive option for those seeking luxurious holidays on a budget. That isn’t to say it’s cheap – average spending on food, transport and accommodation may be higher here than elsewhere in Europe – but you can still travel comfortably and affordably without breaking your budget!
Buses are the primary form of public transport, connecting cities and towns throughout Australia. Daytime routes run on time every 15 minutes, while nighttime routes finish work closer to midnight. Tickets can be bought from either the driver on board or at the station ticket office; children under 6 years old ride free of charge.
Taxi prices
Taxis are a convenient way to get around Greece. You can either hail one on the street or call one through apps like Uber. However, if you plan on making an extended journey, renting a car may be more economical in the long run.
Taxi prices vary according to the route you wish to take, the time of day and how many passengers are in the car. They’re also affected by weather and traffic conditions.
If you’re planning to take a taxi in Cyprus, it’s best to book one ahead of time. Additionally, if travelling with kids, make sure there is enough seating for them at the back of your vehicle.
Taxiing in Cyprus can be an enjoyable and stress-free way to explore the country’s natural splendor as well as visit its many spas.
Cyprus provides a number of transport options, such as buses and shared taxis. Although public transport on the island is somewhat underdeveloped, it remains an accessible and convenient choice.
Petrol prices
Petrol prices in Greece have surged 40% this year and now rank among the highest in Europe. A litre of fuel now costs 2 euros on average in Greece.
With the Turkish lira’s recent collapse to historic lows this year, those traveling to northern Cyprus can purchase petrol at a fraction of the usual cost. As such, an increasing number of Greek Cypriots are driving north in search of cheaper prices on fuel.
Many drivers in Cyprus opt for diesel, which is taxed much cheaper than petrol. Those who purchase gas in the south often face higher prices; some taxi drivers even stop at filling stations to fill up then head northward for even cheaper prices.
The eastern Mediterranean region is facing immense environmental challenges, and sustainable forms of energy economy appear to be on the rise. Fostering this transition can offer new economic opportunities as well as incentives for political cooperation both regionally and internationally.
Accomodation prices
If you’re searching for a beach holiday or an adventure filled with history, Cyprus and Greece have something special for everyone. They boast stunning landscapes, delicious cuisines, and captivating cultures that will leave you with lasting memories.
Accommodation prices differ based on the time of year and what type of property you require. In Cyprus, accommodation may be more costly than Greece.
Cyprus boasts a much larger tourism sector than Greece, meaning it attracts more visitors. This can result in higher prices for accommodation and other holiday expenses.
But there are cheaper ways to enjoy Cyprus and Greece without breaking the bank. For instance, renting an apartment in a remote area can help you save money.
Another way to save on your trip is by booking accommodation ahead of time. Doing this gives you access to a wide range of apartments and hotels.
Cyprus boasts a variety of beaches, from sandy and pebbly ones to boulders, flat stones and shallow areas perfect for families with children. Unfortunately, Greece’s smaller coastline can make it harder to find one that meets your preferences.
