The jewel of the Mediterranean. Cyprus has, for some time, enjoyed a property boom. Many of those who have enjoyed their holidays on the island are now making it their second, or permanent, home. Living in Cyprus introduces a wonderful new lifestyle, the typical Mediterranean climate provides you with short mild winters and long warm summers. Compared to other European Countries, the cost of living in Cyprus is relatively low and the island enjoys a high European standard of living. Cyprus became a member of the European Union in May 2004.