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Limassol Emerges As a Leading Force In Cyprus’ Q3 Real Estate Surge

by THEFUTURE.TEAM

November 13, 2025

Cyprus’ real estate landscape showcased its resilient nature in the third quarter of 2025, as evidenced by the latest RICS Cyprus Property Price Index, produced in collaboration with KPMG Cyprus. The report details a robust growth in the residential sector, contrasted with a more cautious performance in commercial assets.

Residential Strength Versus Commercial Caution

According to KPMG Cyprus, modest price gains across multiple property segments underline the market’s stability amid regional and global economic uncertainties. Limassol led the charge, registering substantial gains in both warehouse facilities and apartment developments. Meanwhile, markets in Nicosia, Paphos, and Famagusta experienced moderate growth, primarily in residential properties, while Larnaca remained largely static except for a minor increase in office values.

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Insights From Industry Leaders

Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group at KPMG Cyprus, emphasized that apartments and houses have been the standout performers in terms of year-on-year price appreciation. However, retail properties have struggled to keep pace, reflecting a broader shift toward residential investment. Simon Rubinsohn, Chief Economist at RICS, reinforced this narrative by noting that solid economic fundamentals—marked by steady economic growth, record-high employment, and subdued inflation—continue to underpin the market dynamics. Furthermore, the booming tourism sector, with its record summer arrivals, remains a critical growth driver.

Sector Performance And Future Trends

The Q3 2025 data reveals that warehouses and apartments not only led the quarterly gains but also have historically remained resilient compared to other asset classes. The declining trend in retail property values underscores the importance of strategic asset selection in today’s market. Additionally, holiday properties, particularly apartments, benefited significantly from the robust tourism sector, making them some of the strongest performers in the region.

Conclusion

In conclusion, the Q3 report paints a clear picture: while Cyprus’ residential sector, especially apartments, continues to drive market growth, commercial real estate is witnessing more tempered expansion. These insights offer valuable guidance for investors and real estate professionals navigating a complex economic landscape. For a comprehensive analysis, readers are encouraged to review the full report on the RICS website.

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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.