Real estate

KPMG in Cyprus delivers specialized services tailored for the real estate sector, involved in every stage of the investment property and investment lifecycle, and offers experience in working with all levels of stakeholders throughout the real estate industry. Whether your focus is local, national, regional, or global, we can provide you with the right mix of experience to support and enhance your needs and ambitions. Our knowledgeable real estate professionals focus on providing informed perspectives and clear solutions, drawing experience from a variety of backgrounds including advisory, accounting, tax, regulation and corporate finance.

Our client focus, our commitment to excellence, our global mindset and consistent delivery build trusted relationships that are at the core of our business and reputation. Having such solid foundations on your side could prove essential amid the uncertainty of real estate investment.

The real estate sector in Cyprus has been consider historically one of the key pillars of the local economy.  With €3,7 bln for 2023, +6% from 2022 in economic contribution or circa 14% of the GVA of the local economy and over 42 thousand direct employees is one the largest sectors of the Cypriot economy.  With over €6 billion worth of transactions and volume of over 26 thousand assets in 2023, it exhibited a constant growth in recent years, despite the many challenges faced, from inflation, Covid, geopolitical instabilities etc. The sector has proved repeatedly as been resilient and robust. 

The global real estate market, is valued at approximately $9.6 trillion in 2020 and projected to reach $13.6 trillion by 2027, growing at a CAGR of around 5%. In 2021, global real estate investment volumes surged to nearly $1.3 trillion, marking a significant recovery from the pandemic period. The United States, China, and Europe dominate the market, with the U.S. alone valued at over $3.8 trillion. Urbanization is a key driver, with 56% of the world's population living in urban areas in 2021, expected to rise to 68% by 2050. Sustainability is also a major focus for the sector from regulatory changes and investor demands, as buildings contribute to 39% of global carbon emissions, prompting a surge in green building investments at a CAGR of 9.6%. The PropTech market is also booming, valued at $18.2 billion in 2021 and expected to reach $86.5 billion by 2027. Emerging markets in Asia and Africa, are experiencing rapid growth due to urbanization and economic development. These figures underscore the scale, diversity, and significant potential for growth and innovation in the global real estate sector.