How Proper Property’s Tenant Credit Check Tool Transforms the Cyprus Rental Market

by THEFUTURE.TEAM

October 28, 2025

Introduction

The challenges posed by problematic tenants—ranging from delayed payments and unpaid rents to property damage—have long been a source of distress for property owners and real estate professionals in Cyprus. In an effort to mitigate these issues, industry leaders are increasingly turning to data-driven evaluation methods. One young Cypriot entrepreneur is setting a new standard by integrating technology into tenant screening, thereby streamlining processes and reducing risks.

Innovative Digital Solution

At the forefront of this transformation is the Tenant Credit Check Tool by Proper Property. Developed by 28-year-old Christos Kliridis, the tool represents the first of its kind in Cyprus, offering property owners and real estate agents a fast, reliable, and legally compliant method to assess the credit and rental reliability of prospective tenants. By bridging a critical gap in the local market, Proper Property is aligning Cyprus with broader European standards where data-backed tenant verification is a legal and operational cornerstone.

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A Personal Mission Meets Strategic Innovation

Inspired by his own international rental experiences in the Netherlands, the United Kingdom, and Cyprus, Kliridis noticed a stark contrast in market practices. While overseas rental markets are governed by structured procedures and comprehensive data analysis, the Cypriot market often relies on personal trust and instinct rather than objective data. Recognizing this disparity, Kliridis collaborated with Atokes—a pioneering Buy Now, Pay Later platform—to create a digital screening tool that enhances transparency, reliability, and professionalism in rental agreements.

How the Tenant Credit Check Tool Works

Utilizing a fully digital and secure process, property owners or real estate agents can simply register on the Proper Property platform and list the property they intend to rent. They then invite prospective tenants to participate in the screening process. The tenant, upon receiving an invitation, responds to a series of brief questions regarding their employment status, family situation, or academic commitments. The tool then connects securely with the tenant’s bank to automatically run a comprehensive credit check—all in strict accordance with GDPR guidelines ensuring complete data protection.

Simple, Secure, and Cost-Effective

The entire procedure is completed within minutes, producing a clear and detailed credit report that empowers property owners to make informed decisions. At a competitive fee of €25 per review, the tool not only promotes responsible leasing but also eliminates the cumbersome paperwork and uncertainty typically associated with tenant screening. The service is currently available for landlords, real estate agents, and property management companies, with plans to extend the platform to include tenant profiles, enabling renters to build and present a digital reputation across future rental engagements.

Redefining the Rental Market Landscape

By incorporating a systematic credit evaluation into the tenant selection process, Proper Property is setting a new benchmark for the local rental market. This innovative tool enhances trust and minimizes the risks of rental arrears and property damage, ultimately benefitting both property owners and tenants. As the tool gains traction, it is poised to transform the industry by fostering an ecosystem where decisions are data-driven and rental transactions are both transparent and secure.

Conclusion

Proper Property’s Tenant Credit Check Tool exemplifies the impact of technological innovation in traditional markets. By addressing long-standing inefficiencies with a practical, secure, and forward-thinking solution, Kliridis is not only solving immediate problems but also paving the way for a future where the Cyprus rental industry can confidently align with international standards.

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Bank of Cyprus Upgrade Signals Fresh Optimism For Greek And Cypriot Banks

by THEFUTURE.TEAM

June 26, 2026

Regional Banks Enter A More Favorable Cycle

Bank of Cyprus and Eurobank are well positioned to benefit from a renewed re-rating of Greek and Cypriot bank stocks, according to Cyprus-based investment firm Roemer Capital, which upgraded Bank of Cyprus to a buy rating and reaffirmed its positive view on Eurobank.

The firm cited easing geopolitical tensions, resilient economic growth in Greece and Cyprus, lower funding costs and Greece’s expected transition to developed-market status as the main factors supporting the sector.

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Roemer Capital also lowered its cost of equity assumptions, updated its forecasts following first-quarter 2026 results and extended its valuation horizon to the end of 2027, raising target prices across its banking coverage.

Bank Of Cyprus Gets The Largest Upgrade

Bank of Cyprus received the biggest revision, with Roemer Capital upgrading the stock from hold to buy and setting a target price of €11.10, implying potential total upside of 27%.

The firm highlighted the bank’s strong capital generation, profitability and projected 100% dividend payout, describing it as the strongest capital-return story among the banks under coverage. Roemer Capital maintained its buy rating on Eurobank, assigning a target price of €4.90 and forecasting potential upside of 28%. The report said the bank is well placed to benefit from loan growth, improving operating performance and merger-and-acquisition synergies.

National Bank of Greece and Piraeus Bank also retained buy ratings, with expected returns ranging from 25% to 36%. Optima Bank was upgraded to buy, while Alpha Bank remained at hold on valuation grounds.

Why Growth Still Sets The Region Apart

According to Roemer Capital, Greek and Cypriot banks continue to benefit from stronger economic fundamentals than many western European peers. The report pointed to faster economic growth, healthier balance sheets, low levels of non-performing exposures, capital ratios approaching 20% and strong customer deposit bases.

Analysts expect performing loans across the sector to grow at a compound annual rate of 6% to 8% through 2028, supported by private investment, digitalisation, green manufacturing, supply-chain expansion and a gradual recovery in household lending.

The report also said the conclusion of lending under the EU Recovery and Resilience Facility is unlikely to materially affect credit growth, as banks have already shifted back towards traditional commercial lending. Roemer Capital expects Euribor to remain between 2.2% and 2.5%, a level it believes should support both lending activity and net interest margins.

Geopolitics, Valuation And Market Structure Support The Case

The report said improving geopolitical conditions have strengthened the investment outlook, noting that Brent crude prices have largely returned to pre-war levels while Greek government bond yields have stabilised at around 3.5%. Although geopolitical risks remain, Roemer Capital believes the likelihood of a major inflationary shock or significant pressure on bank profitability has eased.

Another important catalyst identified by the firm is Greece’s expected promotion to developed-market status by FTSE Russell, STOXX and MSCI over the coming months.

According to the report, the reclassification should improve liquidity and attract a broader base of international investors. Roemer Capital also said Euronext’s acquisition of the Athens Exchange is expected to strengthen market infrastructure and increase international visibility, particularly for Bank of Cyprus and Optima Bank.

The firm noted that Bank of Cyprus has already benefited from its Athens listing, with average daily trading value increasing from less than €400,000 before its September 2024 move to nearly €6 million afterwards.

Economic Momentum Remains A Core Tailwind

Roemer Capital said both Greece and Cyprus have moved beyond post-crisis recovery and are now supported by private-sector-led growth. For Cyprus, the report highlighted recent tax reform and efforts to simplify the legal and regulatory framework, while also noting that limited foreign banking competition continues to support domestic lenders.

Overall, Roemer Capital expects Greek and Cypriot banks to remain well-positioned for profitable loan growth over the coming years.

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