Cyprus Real Estate Agents Council Announces Mandatory Examination for Prospective Agents

by THEFUTURE.TEAM

September 9, 2025

The Cyprus Real Estate Agents Registration Council has confirmed that written examinations for new candidate real estate agents are scheduled for November 6, 2025. The examinations, an essential step toward licensure under the Republic’s property and planning legislation, will be held on Thursday at 4:30 p.m. at the Pavilion in Nicosia.

Legal Mandate and Industry Standards

Council President Marinos Kineyirou outlined that these examinations are conducted pursuant to Article 11(1)(a)(v) of the Real Estate Agents Law. This process is designed to ensure that all applicants possess the requisite understanding of the country’s complex real estate regulations, including the Immovable Property (Tenure, Registration and Valuation) Law, the Transfer and Mortgage Law No. 9 of 1965, and other pertinent legislations concerning property practices.

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Examination Details and Content

The candidates will be assessed through a closed-note, written examination conducted entirely in Greek. The scope of the assessment includes key legal provisions from various laws: the Land and Surveys Department (Fees and Charges) Law, the Sale of Immovable Property (Specific Performance) Law of 2011, the Streets and Buildings Regulation Law, the Town and Country Planning Law of 1972, and the Real Estate Agents Law of 2010. This rigorous evaluation process is set to uphold the integrity and professionalism within the industry.

Eligibility Criteria and Application Process

Eligible candidates must submit their applications online by 2:00 p.m. on September 25, 2025, accompanied by a fee of €100. Applicants are required to meet stringent criteria under Article 11(1) of the Real Estate Agents Law. In addition to being a citizen of the Republic or another EU member state, candidates must not be bankrupt or under any legal incapacity, and must have a clean legal record free from convictions related to dishonesty or moral turpitude (unless formally rehabilitated). Furthermore, the academic prerequisites demand a recognized diploma reflecting a minimum of three years of post-secondary education relevant to the industry, or its part-time equivalent, alongside at least 12 months of professional experience as a registered assistant real estate agent. Postgraduate qualifications obtained after at least one academic year in relevant subjects are also acceptable.

Further Inquiries

Interested parties requiring additional details on the application process are encouraged to contact the Cyprus Real Estate Agents Registration Council at 22666377. This initiative reflects the Council’s commitment to enhancing professionalism and ensuring that prospective agents are adequately prepared to navigate the complexities of Cyprus’s property and planning sectors.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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