The real estate industry is a key driver and indicator of economic activity. Today's rapidly changing economic environment resulted in a notable decrease in demand and Investors' confidence. The Cyprus property market is currently experiencing immensely challenging times. This renders the business environment more complex and calls for a need on independent real estate consultants who are able to equip clients with specialised and professional skills.
PwC Cyprus has an active presence in the real estate industry and our clients can benefit from a diversified and dynamic real estate global network. We have grown in line with the industry and elevated the importance of delivering services and products using industry-focused professionals. Our experienced real estate focused team provides a full range of services to clients who develop, invest, grow, lease, dispose or acquire all types of property. Having a robust understanding of the functions of the Cyprus property market we have the ability to equip our clients with professional assistance of high quality standards tailored to their specific needs. We provide an integrated 'one-stop shop' service offering, handling all issues relating to real estate projects, including legal, tax structuring, IFRS's and complicated accounting treatment of real assets and leases.
PwC Cyprus offers the full spectrum of real estate tax services for both local and international clients. Our industry specialists can assist with advice on real estate m&a transactions, structuring real estate investments, planning collective investments via alternative investment funds and UCITS, due diligences and tax compliance matters.
Cyprus is a multi-beneficial jurisdiction for structuring real estate investments, offering a competitive tax regime that is aligned with EU and OECD, a reputable legal system based on UK common law, a modern funds regime fully harmonized with EU legislation and a professional workforce primarily focused on international business.