People purchasing office space in Larnaca has become more popular in recent years. There are many reasons for this including its location, infrastructure and the lifestyle the city provides.
In this article we will discuss all of these topics and why you should consider buying office space in the city of Larnaca.
Why Office Space in Larnaca is a Popular Investment
Over recent years Larnaca has become a corporate hub in Cyprus. This is due to several reasons. The first being its location. Larnaca is located on the south coast of Cyprus and is home to the island’s main airport, Larnaca International Airport. With easy access to the world’s biggest airports, corporate companies find the location easily accessible. As Larnaca is a coastal city it has a port. Again, making it a sound location for companies to set up quarters. Secondly, are of course the tax benefits. Corporate companies find many tax benefits in Cyprus including double treaty tax and corporate tax benefits.
With so many opportunities opening up it is no wonder purchasing office space in Larnaca is becoming popular. However, many commercial buildings such as office space are slightly outdated so new contemporary buildings are in demand. In fact, by the end of this year, it is estimated that there will be 260,000 square meters of office space within Cyprus.
The purchase of ready office space is also a lucrative investment, especially if you find these buildings in the downtown area of Larnaca. This is because the main facilities and amenities are located here. With the downtown area of Larnaca, everything in reach for corporate businesses and their employees. Therefore, newly renovated office space in the area does not stay unoccupied for long.
Why is Larnaca Becoming Popular?
We have spoken briefly about the location of Larnaca but what else does it offer? Well, Larnaca has blossomed in recent years with more restaurants, bars and family friendly facilities opening up. This has made the landscape even more attractive for businesses as it allows them to relocate employees to an inviting atmosphere.
It also has some of the most attractive beaches on the island so there is something for people to do on their days off.
Conclusion
Clearly Larnaca is becoming admired in the commercial investment world. With almost 260,000 square meters of office space on the island, Cyprus is showing global companies why they should move operations here. The purchase of office space within Larnaca could very well be a good investment for you next.