EY Cyprus COVID-19 Updates
COVID-19 Industry Pulse Report: Real Estate Sector
Executive Summary
The Real Estate (“RE”) sector traditionally constitutes one of the main pillars of the Cypriot economy and its performance is inextricably linked to that of the broader economy. Given the disruption that COVID-19 pandemic has caused in the overall economy, it is expected that the real estate sector will play a key role in its eventual recovery.
This report is an update of our initial Real Estate pulse report published on May 1st 2020. In this issue, we focus on the observed effects of the pandemic on the RE sector following the relaxation of the government’s measures and the restart of the economy.
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For additional information with respect to this Alert, please contact the following:
Stelios Demetriou
Partner, Head Strategy and Transactions
Tel: +357 22 209 746
Mob: +357 99 629 728
Alexandros Pericleous
Associate Partner, Strategy and Transactions
Tel: +357 22 209 793
Mob: +357 96 795 017
Alexandros.Pericleous@cy.ey.com
Michalis Loizou
Manager, Strategy and Transactions
Tel: +357 22 209 989
Natasa Apostolou
Senior, Strategy and Transactions
Tel: +357 22 209 833
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© 2020 Ernst & Young Cyprus Ltd. All Rights Reserved.
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice.
Please refer to your advisors for specific advice.
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