Services

• Fields
  Investigating development potential, applying the correct market research methodology, and understanding Planning Legislation (both Local Plans as well as the Statement of Policy which applies in the countryside) are essential knowledge areas for a good appraiser.

• Plots
  Alongside the appraisals for the market value of your plot, our company offers the option to prepare a preliminary division plan of your original plot into smaller plots based on actual data.

• Investment Oppurtunities
  If you own empty parcels of land (i.e., fields or plots) the real estate consulting team at Philokyprou Propertiy Consultants LLC has the experience, skills to support and guide you.

• Offices
  Key factors in the valuation of office space include location, construction quality, parking spaces for clients/employees, management expenses, etc.

• Stores
  Our office continuously studies and records the state of the store market, identifies emerging opportunities, and provides our clients with the necessary information to help them make appropriate business and other decisions.

• Houses
  House appraisals are conducted for various reasons, such as securing bank loans, resolving internal matters, accounting reports, insurance, potential purchase or sale, and lease renegotiation to ensure the rent paid is reasonable and within market-level.

• Apartments
  Our long-standing experience in the Cyprus real estate market, combined with our knowledge of real estate legislation and procedures in title issuance matters, are some of the elements that help us assist you in making a well-rounded decision if you are buying an apartment or maximizing the return on your investment if you are already an owner.

• Investment Opportunities
  If you own land or plots, or wish to purchase land for investment or other purposes, the real estate consulting team at Philokyprou Property Consultants LLC has the experience, skills, and necessary information to support and guide you.

• Judicial Procedures
  Our office collaborates with various law firms to offer our services for legal claims, inheritance settlements (management), compensation claims due to expropriations, divorces, objections, etc.

• Compulsory Purchase Orders (CPO)
  Compensation payable for the compulsory purchase of a property is calculated based on the provisions of Article 10 of the Compulsory Expropriation Law No. 15/62. Compensation includes the market value of the expropriated part of the property, as well as any appreciation or adverse impact due to the Compulsory Purchase Orders.

• Compensations
  The impact due to the existence of a high-voltage overhead line over your property may be equivalent to property deprivation and may give rise to a right for compensation under Article 23 of the Constitution.

Our office has completed thousands of appraisals for bank purposes, whether these involve client loans, IFRS appraisals, as well as appraisals for insurance and restructuring purposes.

• Hotel Units
  Hotels are of significant investment interest as they are directly linked to the strongest sector of the Cypriot economy, tourism. Tourism properties in general, and their value appraisals, are directly linked to the income they can generate for the investor or for any  prospective buyer. Our office has so far undertaken the valuation of several hotel units in Nicosia, Larnaca, Ayia Napa, Paralimni and Paphos.

• Industrial Premises
  Warehouses, factories, bakeries and garages are just some of the categories of industrial premises we have valued so far.

• Leases
  We carry out, among other things, appraisals that exclusively concern the lease of a property with or without development rights to the prospective lessee. Among the various categories are petrol stations, warehouses, distribution centres, factories etc.

• Agricultural
  Beyond the land value of properties within an Agricultural Planning Zone, there are specialized uses such as pigsties, for which the appraiser needs to be aware of all the parameters that play a role in determining the final value.

• Listed Buildings
  Listed buildings are part of a very special and unique category of properties.  At the same time, it should be noted that the declaration of a property as “listed” gives the right to the owner to benefit from various incentives defined in the Preservation (Conservation) Order.