Elderly British close to retirement have traditionally favored destinations in Western Europe such as Spain and the southern coasts of France; however the Brits are getting more enterprising and a lot of them have Cyprus in their sights. Since France and Spain are now mature property markets and do not guarantee high capital gains, people are now considering upcoming markets like Cyprus. In the case of retirees, it is not just the money; they have to consider a lot of other factors like the availability of medical benefits, climate, and neighborhood. Cyprus fits the bill for them on all these parameters. Â Read more.