In the Cyprus real estate market, there are objects of different layouts and configurations that are suitable for creating:
Multifunctional premises that combine residential and commercial real estate are especially popular with investors.
According to the location, Limassol, which is the business heart of the island, a port city and the location of the headquarters of large companies, traditionally arouses the greatest interest among buyers of commercial real estate. Equally popular are the industrial areas of Larnaca, the capital Nicosia and the resorts of Paphos and Ayia Napa.
The commercial real estate of Cyprus, which is located in developing tourist centers, is particularly attractive for businessmen and entrepreneurs. The profitability of facilities in these areas is growing from year to year, and therefore, with the right choice, their purchase can become a successful business investment.
When buying a property in Cyprus, it is very important to take into account not only the location of the object and its surroundings, but also the stage of construction at which it is most profitable to purchase this object. So you can invest in commercial real estate at a stage when construction has not yet begun, but the construction plan has already been approved, at the initial stage of construction, at the finishing stage, or buy a fully finished room.
If money and time allow, then buying commercial real estate at the initial stage will save up to 30% of the total cost. However, then the profits from renting out real estate will have to wait, and in the conditions of constant crises of recent years, it is quite possible that this expectation will be somewhat delayed.
However, as the two years of the pandemic have shown, the Cyprus real estate market is quite painlessly able to overcome even the most difficult periods. The coolest specialists of DOM will protect you from pitfalls when purchasing real estate.
Have you decided to buy an apartment or a house in Cyprus? Contact DOM! The site offers a huge selection of real estate —residential and commercial. Experienced agency specialists will be happy to help you make the right choice.