doValue Cyprus Strengthens Market Leadership With New Astrobank Portfolio

by THEFUTURE.TEAM

November 18, 2025

Expanding Market Influence

Loan and real estate management firm doValue Cyprus has significantly reinforced its domestic presence in non-performing loan servicing by acquiring a new portfolio from Astrobank Public Company Limited. This development follows Astrobank’s recent transition, marked by the transfer of key operations to Alpha Bank Cyprus Limited and the subsequent surrender of its banking licence.

Strategic Acquisition And Swift Execution

Finalized on November 3, 2025, the agreement underscores a decisive strategic shift as doValue Cyprus assumes management of Astrobank’s remaining portfolio. The immediate commencement of portfolio management is a testament to the firm’s commitment to delivering specialized, resilient solutions within the non-performing loan market.

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Expertise Driving Market Growth

Chief Executive Officer Varnavas Kourounas emphasized that the latest portfolio acquisition not only expands the firm’s operational footprint but also validates its credibility and deep expertise in the competitive Cypriot financial sector. The strategic move is aligned with the broader growth ambitions of the doValue Group.

Broader Market Implications

Operating as part of the international doValue Group—the largest independent loan and real estate management organization in Southern Europe—doValue Cyprus is well-positioned to leverage its newly expanded portfolio. With approximately €136 billion in assets under management, the group maintains a dominant presence across Italy, Greece, Spain, Portugal, and Cyprus. Moreover, its subsidiary, Altamira Real Estate, runs Cyprus’ largest real estate platform, managing extensive property portfolios alongside the island’s most comprehensive sales network.

The Future Forbes Realty Global Properties

Cyprus Property Valuers Advocate Investment Funds For Affordable Housing Initiative

by THEFUTURE.TEAM

December 10, 2025

A Strategic Investment for Social Stability

Cyprus’ property valuers association has put forward a compelling proposal for the creation of 500 new affordable housing units. The association recommends that investment funds, including the social insurance fund and other private initiatives, actively participate in the development process. This strategic move is intended to secure the long-term financial stability required for such a vital infrastructure project.

An Innovative Financial Model

Polys Kourousides, President of the association, emphasized that the financial structure should be designed to avoid additional strain on the state budget. “The model should prioritize sustainability and efficiency, especially since the private sector is tasked with the delivery of these housing units,” Kourousides stated. His remarks highlight the importance of blending public interest with private sector expertise to effectively address pressing social challenges.

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Addressing a Growing Social Need

Kourousides further described the initiative as a timely response to one of the most urgent social issues of our time. The association has long championed the use of state-owned land for affordable housing projects, underlining its commitment to socially balanced urban development. In addition, the association remains prepared to assist the government by providing essential technical and scientific perspectives to shape a modern, efficient housing framework.

Looking Ahead

This proposal underscores the growing recognition among industry leaders that innovative financial models and public-private collaboration are essential to address housing shortages. With a clear roadmap and the right investment partners, Cyprus may well set a benchmark in sustainable and inclusive urban development.

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