Breaking news

Cyprus Real Estate Agents Association Presses For Legislative Reform In Real Estate Market

In a decisive call for modernizing regulatory frameworks, the Cyprus Real Estate Agents Association (Skek), under the Cyprus Chamber of Commerce and Industry (Keve), has formally urged lawmakers to reevaluate long-standing real estate legislation.

Call For Immediate Legislative Review

The association has requested that the House internal affairs committee promptly examine and vote on a proposal aimed at reforming the Real Estate Agents Law of 2010. The proposal, already through full legislative technical processing, is designed to update the legal framework, restrain the excessive powers of the Real Estate Agents Registration Council, and mitigate abusive practices that have marred the industry.

Curbing Monopolistic Influence

Christos Nicolaou, President of Skek, articulated concerns over the unchecked influence of a monopolistic body. He argued that no single entity should wield the power to arbitrarily shape the entire sector’s future, underscoring the need for balanced oversight to ensure market vitality and fairness.

A Call For Professional Accountability

Nicolaou urged Parliament to heed the collective voice of professionals by enacting the proposed reforms before the conclusion of the current parliamentary term. This directive underscores a broader commitment to maintaining transparency, equal treatment under the law, and elevated standards of professionalism in real estate activities.

An Open Invitation For Dialogue

In its concluding remarks, Skek reaffirmed its commitment to facilitating ongoing dialogue with state authorities. Their objective remains clear: to promote a transparent, equitable, and competitive market environment that supports robust real estate practice in Cyprus.

Blue-Collar Renaissance: AT&T’s Bold Strategic Shift In The AI Era

The American labour market is undergoing a significant shift as employers increasingly prioritise technical and practical skills alongside the rapid expansion of artificial intelligence across industries. Companies, including AT&T are expanding recruitment efforts focused on skilled technicians rather than relying primarily on traditional four-year degree pathways, reflecting broader changes in workforce demand.

Blue-Collar Talent: The New Engine Of Growth

From infrastructure installation to electrical systems and photonics, employers are increasingly searching for workers with specialised hands-on expertise. AT&T Chief Executive Officer John Stankey recently said the company’s future growth will depend heavily on recruiting workers with practical technical skills. Other major companies, including Nvidia and JPMorgan Chase, are also placing greater emphasis on technical and trade-related roles as artificial intelligence reshapes labour needs.

Recalibrating The American Dream

For decades, a university degree was widely viewed as the primary path toward economic mobility in the United States. The growing adoption of AI across business operations, however, is changing hiring patterns and reducing demand for some traditional entry-level white-collar roles. At the same time, rising tuition costs and growing student debt have intensified debates around the long-term economic value of conventional higher education pathways.

Transforming Entry-Level Career Paths

Recent labour market data point to widening differences between employment trends in blue-collar and white-collar sectors. While graduates entering industries vulnerable to automation are facing slower hiring conditions, demand for infrastructure and construction-related roles linked to data centres and energy projects continues growing. Industry leaders increasingly argue that future entry-level roles will favour workers capable of combining technical expertise with the ability to manage and work alongside AI systems.

Investing In The Future: Training And Retention

AT&T recently announced plans to invest $250 billion in expanding its fibre network infrastructure. The company said around 15% of the investment will support hiring and training programmes focused on developing skilled technical workers. The initiatives come as the United States continues facing shortages across several skilled trades, with the U.S. Department of Education previously warning that millions of related positions could remain unfilled by 2030.

A New Era For American Work

The shift in hiring priorities is prompting broader discussions around the relationship between academic credentials and workforce readiness. As employers increasingly recognise alternative career pathways, educational institutions and companies are reassessing how technical training, apprenticeships and digital skills programmes fit into the future labour market. Industry experts say workers capable of combining practical expertise with AI-supported workflows are likely to become increasingly valuable as automation continues to reshape the economy.

Uol
Aretilaw firm
eCredo
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter