A shop in Cyprus is a good start to your own business or an opportunity to get high rental income. Considering the active economic growth of the island, it is much more profitable to purchase an object for a retail outlet than to rent it for a long time.
You can start a small family business or start building a large sales network. Also in Cyprus there are many offers for the sale of a ready-made business, where all processes have already been established, there is all the necessary equipment and a staffed staff. Buying a shop in Cyprus is a great investment opportunity with high returns.
Estate of Cyprus real estate agency will help you purchase a suitable property for opening your own retail outlet or renting out. We work throughout Cyprus, we have a large number of offers in a wide price range.
Cyprus shopping: features
Shops in Cyprus are located in busy tourist spots, shopping streets, and business centers of cities. You can buy an object at the stage of planning, construction or ready for delivery. Also on the island there are many offers of secondary real estate for a retail outlet.
Cyprus has traditional local shops, representative offices of international retail chains, as well as specialized Russian shops and supermarkets. The latter sells classic goods that we are used to seeing on the shelves in Russia. If you are planning to open just such a store, you should consider Limassol, Nicosia, Larnaca or Paphos – the bulk of the Russian-speaking population of the island is concentrated here.Since Cyprus is a tourist island, the most popular types of outlets here are: souvenir, with handicrafts, jewelry, shops with local products. Fur salons and boutiques with designer clothes are also popular on the island.
As a rule, local shops are open according to the following schedule: 08: 00-20: 00 from Mon to Fri, Saturday is a shortened day, Sunday is a day off. You can also work on an extended schedule with an extended working day.
Objects can have their own building, be located in a shopping center or on the ground floors of a residential building. There is ample parking on the adjacent territory. Some premises are sold with a fine finish, completely ready for use, and there are objects that require restoration and additional costs for repairs.
Buy a shop in Cyprus: advantages
There are the following reasons why it is worth buying a premise or building for a retail outlet on the island:
- High profitability and fast payback. By purchasing an object for rent in Limassol, Paphos or Larnaca, you will receive a rental income of about 5% annually.
- The objects have all the necessary certificates and documents. We offer only verified properties, so you can be sure that everything is legal and safe.
- The buildings are excellently built, have high quality finishes and are durable.
- High level of comfort, good technical equipment, the presence of a landscaped area and parking.
- Convenience of purchasing a retail facility due to the loyalty of local banks, which provide loans to foreigners at reasonable interest rates.A constant flow of tourists, a large number of Russian-speaking residents – you will not have a shortage of buyers.
- Local real estate liquidity. On subsequent resale, you will receive a good profit. Buildings in Cyprus are getting more expensive every year, and the demand for them is growing.
- Stylish design, good layouts.
- Favorable location in areas with high traffic.
In addition, the island has a loyal tax policy, a high level of security and a stable economic situation. It is profitable to open your own business here, especially in the trade area.
Shops in Cyprus: prices
The prices for shops largely depend on the location, as well as on the readiness of the premises for opening. The minimum rate for 1 m² is 100 €. The cost can reach several million, depending on the scale and category of the object.
The most popular city for opening a retail outlet is Limassol. Here you can buy a shop in Cyprus with an area of 82 m² for 250,000 €. The whole commercial building with an area of 600 m² will cost 2,828,000 €.
The most profitable purchase of an object will be at the design stage. By purchasing a premise or building during the construction phase, you can save 10-30%. The finished object will cost more, but you will be spared any risks faced by buyers of buildings under construction. A ready-made business is even more expensive, but on the other hand, you will get a retail outlet that you can open even tomorrow.
We will help you buy a shop in Cyprus
With the help of our agency, you can easily find and purchase a retail outlet in any city in Cyprus. We work with trusted developers and retailers. We carefully check all documents and certificates of the store, compliance with firefighters and other standards.
We will accompany the transaction “from and to”, we will resolve all legal issues. In addition, we will provide after-sales service.
Call us or write in the chat on the website – consultants will select an object according to your parameters and organize a preview.