Breaking news

Cyprus Commercial Real Estate Trends: Limassol Premium Amid Nicosia’s Dynamic Activity

by THEFUTURE.TEAM

December 9, 2025

Overview Of The Market Landscape

Recent insights from Landbank Analytics underscore a maturing commercial property market in Cyprus. While Limassol commands premium pricing, Nicosia flourishes with the highest transaction volume in office and retail assets, illustrating the sector’s evolving dynamics as reported in the first half of 2025.

Office Market Dynamics

Office transactions in Cyprus have concentrated in two major districts. Nicosia led with 30 office deals in Q1 2025, followed by Limassol with 13, emphasizing their status as central business hubs. The office segment recorded a total value of €10.6 million, with Limassol setting the benchmark for pricing at an average of €303,000. In contrast, Larnaca and Paphos reported more moderate averages of €120,000 and €212,000, respectively, while Famagusta did not record any office sales.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Retail Activity And Equitable Pricing

The retail segment exhibited greater volume, with shop transactions amounting to €19.2 million through 128 sales. Nicosia led the pack with 53 shop sales, trailed by Limassol (31), Paphos (25), Larnaca (13), and Famagusta (6). Pricing in this segment was more evenly distributed: Limassol posted an average shop sale price of €166,000 compared to Larnaca’s lower average of €129,000. Paphos and Nicosia followed at €163,000 and €135,000, while Famagusta’s limited activity averaged approximately €202,000 per sale.

Regional Nuances And Strategic Insights

Landbank Group CEO Andreas Christophorides commented that the analysis not only reinforces the resilience of the Cypriot real estate market but also highlights significant regional disparities within the commercial and professional property sectors. While Nicosia thrives in transaction volume, Limassol’s higher price metrics—bolstered by an influx of international firms—reveal the premium associated with modern commercial space.

Opportunities For Investors

Though the activity in districts such as Larnaca and Paphos remains moderate, such conditions present strategic opportunities. Lower average prices in these regions may attract investors looking to capitalize on emerging business zones, particularly as tourism infrastructure continues to develop.

The Future Forbes Realty Global Properties

Bending Spoons Buys Miro As SaaS Valuations Continue To Reset

by THEFUTURE.TEAM

September 10, 2026

Bending Spoons is buying Miro for $1.36 billion in cash, implying an equity value of $1.79 billion. That is about 90% below the workplace collaboration company’s $17.5 billion valuation in late 2021.

From Digital Whiteboard To AI Workspace

Founded in 2011 as RealtimeBoard, Miro began as a digital whiteboarding tool for remote teams. Demand surged during the pandemic, helping the company expand from about five million users to roughly 30 million between 2020 and 2022.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Miro later added more than 250 integrations and partnerships with Atlassian, Cisco, Microsoft and Zoom. Today, it describes itself as an “AI innovation workspace,” offering AI assistants, prototyping tools and integrations with GitHub, Jira and Slack.

Growth Slowed After The Pandemic

Miro now has more than four million paying customers and 100 million total users, with about $600 million in annual recurring revenue. Businesses and enterprises generate roughly 90% of revenue, while the company has about $435 million in net cash and is profitable.

Its valuation decline reflects a broader reset in SaaS markets. As pandemic-driven demand faded, companies cut software spending and consolidated overlapping tools, increasing pressure on stand-alone collaboration platforms competing with broader ecosystems from companies such as Microsoft, Canva and Figma.

Bending Spoons Targets Mature Software

Miro has also reduced its workforce since reaching about 1,200 employees in 2022, cutting 119 positions in February 2023 and another 275 in October 2024, according to its CEO.

The acquisition fits Bending Spoons’ broader strategy of buying established software companies whose valuations have fallen but whose recurring revenue and user bases remain substantial. It previously agreed to acquire Airtable for $1.28 billion after the company had been valued above $11 billion in 2021.

For Bending Spoons, the strategy is a bet on durable revenue and profitability rather than the rapid-growth expectations that drove software valuations during the pandemic.