New times set their own requirements for the quality of business real estate.
Larnaca's coastal area can now offer a number of high quality commercial projects that meet the most demanding requirements.
In this blog we will list the new buildings that have made a name for themselves even outside the island state, thanks to reliable developers, good location, quality construction, high levels of energy efficiency and elegant design.
Larnaca has become much more popular with overseas investors over the last 5 years and the city's permanent population has roughly doubled to 72,000 people over this period, which has been particularly influenced by the mass relocation of businesses between 2022 and 2023. Demand for business real estate is incredibly high, as in neighboring Limassol, but the volume of supply is still noticeably inferior to the Cypriot financial center.
Ion Tower
An elegant tower from a reliable developer has long been among the top buildings that will forever change the image of the coastal city of Larnaca. The grandiose 17-storey commercial project is located in a new emerging business district, 3km from the historic center and the Finikoudes promenade with the city's sandy beach.
The building will have everything necessary for productive work and development: 24-hour reception desk, full office automation, gym, café on the first floor, parking for 35 cars and 24-hour security system. In the project you can buy a separate floor or a spacious office from 163 m2. The purchase price today ranges from 729 thousand euros to 2.025 million euros. In addition, there are other commercial projects surrounding the building, as well as a wide range of residential new buildings, which are ideal as permanent housing for future employees.
Available for sale real estate options in the project Ion Tower
Faros Sea Residence
In the quiet and picturesque village of Pervolia is a fully finished coastal residential complex of 16 luxury villas surrounded by lush green gardens and sparkling pools. Real estate experts consider this large-scale project the most profitable in terms of investment and development. The international airport is only 10 minutes away, and the center of Larnaca is just over 15 minutes away. The ultra-modern complex has a reliable security system and everything you need for a comfortable stay. The luxury villas are not only beautiful, but have an energy efficiency class A certificate, which means that it will be easy enough to maintain a comfortable temperature in the heat of summer and winter. The houses of the first line have direct access to the sandy beach from the garden. The cost of the whole project today is 52.748 million euros.
Available for sale real estate options in the project Faros Sea Residence
QN Kition
In the tallest and grandiose futuristic residential building QN Kition, which last year began construction on the coast in the historic part of the city, available for purchase luxury apartments and no less investment-attractive commercial space. The elite project provides 24 hour service, gym, swimming pools, spa and much more. An office with a total area of 131 m2 here is estimated at 1.010 million euros. Undoubtedly, after completion of construction, all objects will increase in value by at least 30%, and the building itself will become an architectural sensation of the Mediterranean.
Available for sale real estate options in the project QN Kition
Casa Rica
Multifunctional complex Casa Rica is located in the new square of the tourist area of the district of Dekelia, 300 meters from the shore of the Mediterranean Sea. The project includes 10 premises for stores, restaurants and cafes, as well as 8 residential buildings that can be used as income generating units or as investments. An impressive park area with landscaped gardens and a playground for children is located in the backyard of the modern architectural complex. Opposite Casa Rica is the popular tourist hotel Radisson Beach. The office with a total area of 37 m2 is priced at 150 thousand euros (+VAT), which by today's standards is very affordable. Dhekelia Road is about 15 minutes drive to the historical center of Larnaca and the Finikoudes Promenade.
Available properties for sale in the Casa Rica project
Palm Breeze Boutique Hotel
Not far from the previous project is Palm Breeze, a coastal boutique hotel with 10 rooms. The hotel is currently in the off-plan phase and the project is expected to be completed in 2025. The rooms are fully compliant with Cypriot standards for short and long term stays. The mini-hotel is suitable for Airbnb use as well as for employee relocation. The hotel will have a rooftop swimming pool with a lounge area and a café. The cost of such an offer is 2.5 million euros (+VAT). In the current economic situation, at the stage of completion of construction of new buildings in the area of Dhekelia Road will rise in price, on average by 40% of the initial price.
Available for sale real estate options in the project Boutique Hotel Palm Breeze
Commercial building in a residential complex
On the coast in the area of the family village Livadia for sale an interesting commercial space, which is part of a large residential complex with a swimming pool. On the basement of the building there are commercial facilities: stores, cafe and gym. There are a total of 9 separate offices in the complex. The construction is expected to be completed in June 2026. The cost of the whole project is 5.850 million euros (+VAT).
Available for sale real estate options in Carisa Horizons
Plus 59 Residences
The first commercial building from a developer with a proven track record in residential real estate in Larnaca. The project is located in the heart of Larnaca, in the Agios Georgios area, next to the new and so far the only shopping center Metropolis and 3 km from the Mediterranean shore. It is a complex of stylish modern office and retail premises with an energy efficiency class A rating. The most economical option today - a 113 m2 office - is estimated at 270 thousand euros (+VAT). The project is expected to be completed in December 2024, and the developer is punctual with the dates.
Available for sale real estate options in the Plus 59 Residences
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