living costs in North Cyprus

baldy


Joined: 18/11/2008
Posts: 70

Message Posted:
20/11/2008 08:34

A friend of ours is coming to live in Lapta in January. He'll be banking in YTL for interest with a small UK pension. He's a moderate drinker and would like to eat out 2 times a week. Can anyone advise what they think his weekly YTL budget should be. We keep coming up with a different budget every time we calculate. Thanks.

brian24001


Joined: 23/03/2008
Posts: 606

Message Posted:
20/11/2008 08:47

size of house?

maybe appt?

stand alone or complex (with maintenance costs)?

how much a/c use in summer?

gas central heating?

renting or buying?

pool?

if pool - self maintained?

size of car?

How many (if any) trips back to UK a year?

These questions are probably why so many differing answers, more details needed. Suggest you look at:

http://www.cyprus44.com/forums/costs.asp - this is the 'costs' link at the bottom of the index page.

Loads of threads on the subject there.

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
20/11/2008 15:58

short term the 18-20% interest on the YTL is great, but when Turkey sort's itself out the interest rate will come down and be in line with other european cities.....



so 6% could be the norm......



It is hard to know what it costs to live and every week something seems to crop up....



You've also got to factor things like painting the place in a few years, replacement pumps, changing/maintaining the car etc.



Best to think of a figure then DOUBLE it.....





Nick

Groucho



Joined: 26/04/2008
Posts: 7993

Message Posted:
20/11/2008 16:13

So that's 2,000,000 a year then....

bachelibelly


Joined: 04/09/2008
Posts: 275

Message Posted:
20/11/2008 16:41

Plus KDV !!!!!



Cant fault a country where the Council Tax is cheaper than the DUSTBIN !!!!!!!!

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
20/11/2008 18:20

belly - i'm going to vote your posting as my favorite this year !



Well done and take a bow....





Nick

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
20/11/2008 18:21

The Council tax on our old house in the UK is just under £3,500 p.a.



And they laughed when i said we were moving to the TRNC.....