Huspy Secures $59 Million Series B To Revolutionize Digital Home Buying

Redefining UAE Mortgage Processes

In a market where traditional mortgage applications were synonymous with endless paperwork and pricing discrepancies, Huspy emerged as a clarion call for change. Founded by Jad Antoun, the startup streamlined home buying in the UAE by digitizing the mortgage process—a strategy that has since redefined standards in the region’s real estate sector.

Expanding Footprint Across Two Continents

Over the last five years, Huspy has ascended to become one of the largest proptech entities in the UAE, harnessing digital innovation to secure exclusive banking partnerships and facilitate pre-approved mortgage solutions. Building on this success, the company expanded into Spain—a market characterized by its fragmented real estate landscape—with a comprehensive network connecting over 100,000 agents and leveraging key partnerships with renowned platforms such as Property Finder and Idealista.

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Innovative, Network-Based Business Model

Eschewing the traditional iBuyer model and standard brokerage operations, Huspy employs a lean, network-based strategy. By empowering freelance agents with cutting-edge CRM tools, transaction support, and integrated mortgage products, offloading the need for inventory ownership, the startup mimics the efficiency of on-demand platforms like Uber for real estate. This model has enabled Huspy to capture significant market share—in fact, it reached a 30% penetration in the UAE mortgage market within just three years.

Strategic Investment in Growth and Innovation

The recent Series B round, led by Balderton Capital and totaling $59 million, signifies robust investor confidence in Huspy’s ability to scale further. With a track record of over 25,000 home purchases facilitated and more than 10x revenue growth since 2022, Huspy is well poised to expand operations in Saudi Arabia and continue its European rollout. As digital disruption continues to reshape the proptech industry amid rising interest rates and competitive challenges in sectors like U.S. real estate, Huspy’s AI-driven tools for brokers and agents are setting a new benchmark for operational excellence.

The Road Ahead

Looking to the future, Huspy intends to advance its expansion into major cities across Europe and the Middle East within the next four years. By targeting mid-sized urban centers with high transaction volumes and limited agent efficiency, the company plans to reinforce its market dominance and further optimize its digital mortgage distribution. With a well-honed strategy and a scalable business model, Huspy appears uniquely positioned to sustain its momentum in an increasingly competitive proptech landscape.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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