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Cyprus Real Estate Sector Surges With €3.5 Billion In Transfers In 2025

by THEFUTURE.TEAM

November 11, 2025

The real estate market in Cyprus has demonstrated exceptional resilience, with property transfers totaling nearly €3.5 billion in the first nine months of 2025, according to the Real Estate Agent Registration Council. Sales documents nationwide increased by 13% over the same period last year, with 13,173 documents submitted compared to 11,634 in 2024.

High-Value Investments Drive Sector Growth

Although the number of transfers experienced only a modest rise of 0.74%, the overall transaction value surged by 12.6%, reflecting a clear shift towards higher-value deals. Council President Marinos Kineyirou, whose insights underscore the transformation of the sector, stated that these figures confirm a period of robust and qualitative growth. This trend signals sustained interest from both domestic and international investors, further bolstering confidence in Cyprus as a prime investment destination.

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Regional Analysis: Limassol, Nicosia, And Beyond

Limassol emerged as the market engine, registering the highest transfer value at approximately €1.3 billion—representing nearly 37% of the national total—and leading in the number of sales documents with a 13% annual increase to 4,156 filings. Similarly, Nicosia maintained its role as the domestic powerhouse, recording the greatest number of transfers (4,293) along with a substantial transfer value of €812.8 million. Notably, Nicosia and Larnaca experienced strong momentum, with Larnaca’s sales documents rising by 15%, reflecting expanding buyer confidence in the district.

Further west, Paphos continued to attract foreign investors with a balanced market showing a transfer value of €708.3 million across 2,568 transfers. Even Famagusta, despite recording the lowest figures—792 transfers and €158.3 million in transfer value—demonstrated a promising 10% increase in sales documents, bolstering its reputation as a burgeoning hub for tourism-related investments.

Outlook For 2025 And Beyond

The marked increase in transaction values, in tandem with the steady rise in the volume of sales documents, provides a compelling narrative of strategic high-value investments and enduring market stability. As Cyprus continues to attract both local and international investors, the property market is poised to serve as a key pillar of economic resilience moving forward.

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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.

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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.