Every year, the Republic of Cyprus attracts increasingly more investors to buy real estate. The reason for such high demand is a mild tax climate (the corporate income tax rate is one of the lowest in Europe — 12.5%; and IT companies can be taxed at a rate of 2.5%), high living standards, membership in the European Union and Cyprus being part of the Eurozone, as well as sustainable economic growth, which is also one of the fastest in Europe.
The number of companies that have relocated to the island is increasing annually. Every year, about 1,000 new companies are registered in the country. As of 2022, over 220,000 companies were registered in total, and purchases and sales of businesses are still highly popular. This suggests that Cyprus is popular, as well as commercial real estate there – both real estate that is needed to open a new company (offices and buildings) and real estate required to buy a business (stores, restaurants, hotels).
Today, the island is not just a tourist country but also an actively developing business centre. Nicosia and Limassol now host the headquarters of international companies, and new offices in Paphos are being opened more frequently.
It means that the world community prefers this particular island for doing business and relocation. Why so?
Reasons to buy commercial real estate in Cyprus:
Therefore, buying real estate in Cyprus has numerous advantages and brings profit. However, any success depends on the initial conditions and a fundamental approach – analysis of the market, competitor products, assessment of risks and the most realistic situations. SPM Real Estate specialists can conduct such full-fledged analysis and create a custom-tailored business model for you.
Since Cyprus is a resort where people from all over the world come to relax, the tourist industry here, like hotel sales, is most developed and in demand. However, the business sector is now gaining momentum and needs a full-fledged service, as thousands of relocated companies are looking for office spaces, hubs, and co-working spaces.
Any type of real estate can have a high payback with the right choice of location, services and determined target audience.
Types of commercial real estate:
You can buy the property at various stages of construction:
Distress Property is another type of investment real estate that should not be disregarded. These are properties in need of a major renovation. This type of real estate can be very liquid after renovation and provided that the business model is functioning. However, the quality of the analysis and the correctness of risk and future profit determination are crucial too.
Prices depend on many factors. For example, commercial real estate in Limassol will cost more than in Larnaca, because the business centre of the country is the largest and most expensive city. Furthermore, buying a hotel in Cyprus at the planning stage and at the stage of a ready-made business also means paying two different prices.
Below are the main factors that affect the price of commercial real estate:
For real estate prices, see our catalogue.
SPM Real Estate offers to buy real estate in the following regions and cities:
These cities are highly popular in terms of doing business, so most commercial real estate is represented there.
Depending on your life and business goals, our experts will help you choose the best real estate for investment.
Efficient commercial real estate is the one that pays off quickly, is profitable, liquid, and has high margins.
Perhaps, you may want to buy a ready-made business in Cyprus, then it is quite easy to evaluate its investment efficiency since it has been operating and bringing profit for some time and has a stable client base.
If you are looking for a new investment opportunity, such as buying a hotel in Cyprus, opening a store, or buying an entire building to rent out as office premises, then you will have to spend time building a business model, which will help you understand whether your business is going to bring profits.
When choosing a location for a successful business, you need to take into account the specifics of the city and district, as this determines the demand for a particular service. Hotels and restaurants are in demand on the tourist seafront, while offices and stores should better be located in the central areas of the city.
Our specialists have been living and working on the island for over 10 years, so they will help you choose the best location for your business and build a custom-tailored business model.
When buying real estate, you get several advantages at once:
In addition to commercial real estate, you can also buy residential property, which can be used both for living and renting out and pays off well in the beach season and year-round for long-term rentals. Types of residential real estate:
Contact SPM Real Estate and buy real estate in Cyprus to make your dream of a beautiful life come true!
SPM Real Estate is your most valuable contact in Cyprus.
Мы, команда SPM Real Estate, предоставляем на своём сайте надёжную и исчерпывающую информацию касательно вопросов покупки и аренды жилой и коммерческой недвижимости, а также освещаем разнообразные бытовые и юридические вопросы, интересующие наших пользователей.Читать далее
Мы, команда SPM Real Estate, предоставляем на своём сайте надёжную и исчерпывающую информацию касательно вопросов покупки и аренды жилой и коммерческой недвижимости, а также освещаем разнообразные бытовые и юридические вопросы, интересующие наших пользователей.