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The value of commercial real estate is stable
September 27, 2022
Prices for offices and commercial premises show amazing stability. Compared to the level of 2020, the growth in this segment is very small. Even despite inflation, a pandemic and a difficult international situation.
Rent of shops and offices has risen in price by 2-3 euros per sq.m.
Prices for renting shops in Nicosia range from 15 to 45 euros per sq.m. This is the same as it was in 2021 and 2020. In Larnaca, the cost of renting a commercial space ranges from 6 to 20 euros. And the numbers have remained at that level since 2020. In Limassol, renting a commercial space costs from 20 to 45 euros per sq.m., as it was in 2020 and 2021. In the Famagusta region, rental prices for shops in 2022 are between 10 and 25 euros per sq.m. This is slightly more expensive than in 2020 and 2021, when commercial premises could be rented for an amount of 8 to 20 euros per sq.m. . In Paphos, shop rental prices have remained stable since 2020, ranging from 10 to 25 euros per sq.m.