Real Estate - PwC Cyprus

 

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.

 

How can PwC help you

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.

Real Estate Support Services

  • Feasibility analysis / Investment  appraisal
  • Preparation of business plans and valuations
  • Objective assessment of business plans and valuations
  • Assistance in evaluation of corporate relocation options
  • Identification of potential investors / raising of finance:
    - Road shows through our local and international newtwork
    - Preparation of teasers and information memorandum
    - Presenting investment opportunities
    - Design of financing schemes
  • Purchaser or vendor due diligence
  • Corporate restructuring / reorganisations for separating real estate in order to:
    - Enhance value
    - Achieve flexibility for investor
    - Improve tax efficiency
  • Distressed assets: Property company, fund or project is facing financial distress:
    - Advice on optimal approach to banks and other stakeholders (including other creditors and shareholders)

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Real estate tax services

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.

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Contact us

Constantinos Constantinou
Partner - In charge of Deals, Real Estate & Construction Responsible Partner
Tel: +357-22555245
Email

Christos Charalambides
Partner - Tax Advisory
Tel: +357-22553617
Email

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