The international real estate market has experienced significant upheaval and uncertainity since 2008. Booming property markets collapsed and the lack of liquidity and risk aversion in many jurisdications has put a dampener on growth.
Signs of recovery are emerging in some locations but the ongoing Eurozone crisis creates substantial uncertainty. London property has been seen as a ‘safe’ investment by international investors seeking to diversify and ‘de-risk’ their portfolios. The London real estate market has not been unscathed by the recessionary economic conditions and the financial crisis, but nevertheless has performed relatively well. The picture for the remainder of the United Kingdom is more mixed with recessionary conditions having a greater impact.
Notwithstanding these conditions, opportunities remain for acquisitions, developments and investment, with strong income flows and good locations being key differentiators for good, strategic investments.
Changes to the REIT legislation have generated interest and we believe that we arelikely to see increased activity in the short to medium term. The Olympics and associated development has created a great sense of excitement in London. The ongoing benefits of regeneration and the development of communities in less privileged parts of London presents opportunity for urban regeneration and social upliftment in other depressed locations throughout the country.
At Mazars, we have a skilled and experienced multidisciplinary team of professionals who are passionate about their sector and are well positioned to work with, and advise you, on all apsects of your real estate and property requirements. Our international reach means we are able to support your international transactions in multiple jurisdictions.
We provide audit, tax and advisory services and have strong and experienced multidisciplinary teams who are dedicated to working together with you to provide a high quality service with a personal touch.
We deliver the following services:
- External audit
- Internal audit
- Risk reviews
- Fund structuring, and capital raising
- Tax services ranging from complex transfer pricing arrangements to tax compliance
- Due diligences and transaction support
- Special audits
- Project finance
- Accounting advice
- Regeneration and sustainability advice.
Our clients include global multi-national banks and asset managers, as well as developers, investors, and property owners.