If you are considering buying commercial property in Larnaca then you will want to know more about the area, the market and what types of commercial property is available. With the city of Larnaca developing rapidly, there is a great demand for commercial property, whether you want to purchase office space for your own business or as an investment, Larnaca is the place to do so.
Types of Commercial Property
Commercial property covers a wide range of building types. These include the following:
Commercial Property in Larnaca: Why Invest?
As we mentioned in the opening to this article, Larnaca is developing fast. Over the past few years we have seen many international companies open operations in the city. With this being said, it seems like the ideal time to think about buying commercial property in Larnaca. With such strong interest from international companies, your investment in purchasing property would more than likely see great returns.
Larnaca is also seeing a rise in new commercial property being built. This is for 2 reasons. Firstly, due to demand there is more commercial building space needed. Secondly, commercial space that is still available often needs a lot of renovation. These international companies want to best space for their employees therefore, brand new buildings are often required.
Why should you consider Larnaca? There is more space and more commercial property in the capital, Nicosia. However, as Larnaca is a coastal city it brings many work and personal benefits. As mentioned above, international companies are picking office space in Larnaca. Part of this is based upon its coastal location. Here are some of the benefits for them:
Many companies hire employees from abroad and relocate them to Cyprus. With the island’s main airport, Larnaca International Airport, being located in this city, it is easy for business flight purposes.
The coastal city of Larnaca offers great personal life benefits thanks to its location. Companies that relocate employees in Larnaca know that they will be able to offer a location that allows people to explore the city as well as the beach. Furthermore, there is great space for shopping and relaxation with bars and restaurants.
Finally, we must mention some of the most noticeable investments in commercial property in Larnaca in the last year. These include the redevelopment of Larnaca’s Port and Marina as well as the new Metropolis Mall. Both of these are bound to shine a light of Larnaca even more.
Buying commercial property in Larnaca is a great move to consider. Whether you want to take the leap for your own business purposes or as an investment, Larnaca is a great place to consider. The commercial property market is booming in the city and as we have mentioned above it is for a number of reasons which include, the location and the availability.