The cost of living is going up in most American cities. In major cities like New York and California, the average price of a home is more than $600k and $300k respectively. To live comfortably in these cities, you need thousands of dollars every month. As a result, many people are moving from these cities to those that are relatively cheaper. Others are leaving the U.S. for other countries in Europe. Cyprus has emerged as a key destination. This article explains why you might want to buy a home in Cyprus.