Commercial property for sale in Cyprus

The decision to buy a commercial property in Cyprus is a good start for your own business. Given the active economic growth of the island, the acquisition of the object is much more profitable than its long-term lease. Our experts will help you choose the best option for placing your company or generating passive income.

Why it is profitable to buy a commercial property in Cyprus

1. Sustainable economic growth-the island is traditionally popular as a resort. In addition to the expansion of the tourism sector, Cyprus has become a major business center in recent years. It houses the headquarters of many financial, technical companies, and advanced startups. Therefore, it is profitable to buy a business in Cyprus, regardless of your business interests.
2. Cost growth - today, the development of the island continues, but, due to geographical features, this opportunity is limited. Because of this, the price of commercial real estate has been continuously increasing since 2013. By investing in a property in Cyprus, you can be sure that if necessary, it will be easy to sell at a profit.
3. Convenient conditions for mortgage lending-local banks are willing to issue loans even to non-residents at reasonable interest rates. This allows you to buy a hotel in Cyprus or other prestigious real estate, without delaying the conclusion of the transaction.
4. High profitability and payback-profit is largely provided by an attractive tax system. For 17 years, the owner of the property can not pay property fees, interest income, dividends. Starting a rental business in Paphos, Limassol or Larnaca, you can expect a profit of about 6.5% from the housing stock, about 5% from retail, office, industrial facilities.
5. Obtaining citizenship – with an investment of 300 thousand euros, it is allowed to obtain permanent residence for the whole family after 7 years.

Types of commercial real estate in Cyprus

1. A hotel, a residential complex, a block of apartments is one of the most reliable investment destinations, as the tourist flow to Cyprus is constantly growing, and the mild climate allows you to count on dividends all year round. In the Greek half of the island, the average cost per square meter is 1300-1800 euros, and the annual income is 2-5%. In cooperation with the management company, the profit will be about 4%. This investment option is suitable for individuals.
2. Restaurant, cafe, bistro, coffee shop – you can buy a ready-made business in Cyprus or a room for the arrangement of a catering establishment. Such investments will be of interest to individuals (you can do with a small amount) or network brands seeking to expand their corporate network. The price per square meter strongly depends on the readiness of the room for immediate opening, location and other factors. Usually this indicator starts from 100 euros. The yield may exceed 10%.
3. Office space-since the business (in particular financial) sector of the Cyprus economy is constantly growing, the return on the purchased object will be up to 6% per annum. The price per square meter strongly depends on the class of the building. The investment is suitable for those who want to engage in the rental business personally or through a management company.
4. Warehouse-provides a yield of 4-4. 5% per year. The average prices are 800-1000 euros per square meter. It is suitable for deploying a rental business or expanding your own company in the selected region.

You can also buy commercial real estate in Cyprus from other categories. Recently, there are more and more ads for the sale of industrial premises, industrial blocks, shops, shopping centers, showrooms, and medical institutions. This is primarily due to the high rate of commissioning of new buildings.

Our specialists will help you calculate the profitability of the selected object and clarify its cost!

How to choose a commercial property in Cyprus

There are several basic selection criteria by which you can evaluate the feasibility of buying any commercial property.

1. Location – for tourist sites, distance from the coastline, view characteristics, and proximity to the airport are important. For retail and office real estate, it is much more profitable to be included in the business center of the city, and to have all the necessary communications. Production and storage facilities should be located within easy access from the island's transport routes.
2. Infrastructure-the presence of a complimentary business nearby will play into the hands of the new owner of the object. This will provide tenants or customers with maximum comfort.
3. Payback-focus on the professional calculations of investment specialists. Take into account not only the current figures, but also forecasts for the near future. Perhaps it makes sense to invest in an object with a lower payback, if its attractiveness will grow significantly within 1-3 years.

What does the price depend on

1. Type and payback of commercial real estate-the higher the projected income, the greater the cost
2. The category of the object-to buy a ready-made business in Cyprus will be more expensive than the premises for the arrangement of your own business or renting out
3. The level of comfort – for the presence of finishing and other amenities you need to pay extra, but this is a rational expenditure
4. Location-objects with a favorable location are more profitable, but also more expensive at the initial stage

How the transaction is processed

To buy a store in Cyprus or other real estate, you need to go through several stages of concluding a transaction:

1. Opening a bank account, booking an object
2. Signing the contract
3. Making a deposit
4. Transfer of the remaining amount to the seller
5. Registration of ownership rights

At the same time, you can make a deal not only in person, but also remotely (through a trusted person or a reliable lawyer). In addition, you will have to pay: stamp duty in the amount of 0.15% of the first 170,860 euros of the object's value and 0.2% of the larger amount, title fee 3-8% (when buying on the primary market 0%), VAT 19%.

Advantages of cooperation with Dom Real Estate

1. Current ads-we update the database every 12 hours
2. Reliability – we work directly with the owners of commercial real estate, management companies and developers. We check each object, give real prices without hidden fees
3. Convenience-ads in three languages, extremely simple site interface
4. A full range of services – we will help you choose commercial real estate, legalize documents, provide legal support for the transaction, etc

Take a step towards competent and promising investments today!