Nicosia is unique because it is the only two-state capital in the world. It is unusual even within Cyprus because it is the only city on the island that has no access to the sea. In the capital, the most significant number of people live, the business environment is developed, there are offices of many international companies, and on holidays there are a variety of festivals and concerts. Every year commercial real estate in Nicosia is developing increasingly. There are tower buildings, business centers, co-working houses, and hubs. Investments in real estate in Cyprus are profitable and bring an average of 8% to 15% per annum.
Nicosia is the first business center in the country. The second is the city of Limassol, whose population is only slightly smaller than the capital's. Major deals, signing contracts, meeting opinion leaders, diplomatic missions, political conferences, and visiting the world's pop stars — all this takes place in Nicosia.
First, buying commercial real estate in Nicosia is attractive because every year, Cyprus turns from a tourist mecca into a business hub, attracting giant companies and entrepreneurs worldwide.
Every year about 1000 new companies are registered on the island, some of which are relocated from other countries and have moved their business to Cyprus to optimize taxation and create a safety cushion for their business.
Since most relocating companies bring their staff to the island, this generates a high demand for commercial real estate in Nicosia and apartments and houses for rent in Cyprus near the city.
Nicosia is a significant commercial and industrial center. The region produces fabric, textiles, leather and ceramics, plastics, perfumes, and food industries. Also, most of the universities are located in the capital, among them the European University of Cyprus, the University of Nicosia, the University of Cyprus, and many others.
Also, actively developing real estate. For 2021, in Nicosia, were actively concluded transactions for the purchase and sale of real estate, thanks to which the capital has increased by 32%.
First, the business interests in commercial properties: offices, restaurants, and stores.
Buying commercial real estate in Nicosia has the following advantages:
Any success depends on initial conditions and fundamental approach - market analysis, competitor products, risk calculation, and the most realistic situations. SPM Real Estate specialists can conduct a full-scale analysis and create a customized business model for you.
Commercial real estate in Cyprus is:
In Nicosia, commercial real estate is mainly represented by properties:
You can buy property in Cyprus at the following stages of construction:
Commercial real estate is often part of a multifunctional complex, such as a tower with premium apartments, part of which is allocated for service facilities — stores, restaurants, a gym, a meditation room, etc.
The price of real estate in Cyprus in Nicosia is higher than in many other regions of the country, as there is an undying demand for real estate properties in the capital. The cost varies greatly depending on the type of object and other factors. For example, you can buy a store or office for 300,000 euros or office space for 2 million euros.
The following factors influence the price of commercial real estate in Nicosia:
You can see the prices of properties in our catalog.
You already know the benefits of buying a property in Nicosia. However, such an acquisition creates a solid cushion for business and opens up many opportunities when relocating to the island. So what will a move to Cyprus bring you through real estate investment?
The pluses of moving to Cyprus:
In addition to commercial, you can also buy residential real estate in Cyprus, which can be used for both accommodation and rent.
Objects represent residential real estate:
Contact SPM Real Estate and buy Cyprus real estate to make your dream of a beautiful life come true!
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