19.09.2023
Buying and renting prices for commercial stores have risen, making it even more difficult for businesses to obtain financial data during difficult times.
For example, in the most expensive city – Limassol – the cost of purchasing a commercial store today is €5,500–6,000 per square meter, and renting is €20–45 per square meter.
The second most expensive province to buy a store is Nicosia, while prices in the other provinces fluctuate at the same level. As for renting commercial shops, the “cheapest province” for them is Larnaca .
Below are prices for purchasing and renting commercial stores according to a recent Danos report Estates for the first half of 2023.
Prices for purchasing commercial stores
The most expensive city in terms of shopping centers today is Limassol , where they cost 5500-6000 euros per square meter.
The second most expensive city is Nicosia, prices range from €4000-€5000 per sq.m.
This is followed by the remaining three provinces – Larnaca , free Famagusta and Paphos, where prices for the purchase of a commercial store range from €2000 to €2500 per sq.m.
Commercial store rental prices
Limassol also leads in the most expensive rental of commercial shops: prices per square meter start from 20 euros and go up to 45 euros per square meter.
€ 45 per sq.m.
Next comes Paphos, where rental prices for commercial shops range from €10 to €25 per sq.m. and later Famagusta at a price of €10 – €20 per sq.m.
The “cheapest” province for renting shops is Larnaca , prices range from 6 to 20 euros.
