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Propy Expands AI And Blockchain Platform For Real Estate Closings

Real estate transactions are increasingly moving toward digital platforms as companies seek to reduce delays linked to paperwork, manual approvals and fragmented closing processes. Propy, a Miami-based real estate technology company, is expanding its use of blockchain and artificial intelligence to automate title and escrow operations.

Blockchain: Moving Value, Not Just Information

Natalia Karayaneva, founder and CEO of Propy, said blockchain technology allows property records and transactions to be stored through decentralized digital ledgers designed to reduce fraud risks and improve record transparency. Use of blockchain in real estate has expanded as companies explore digital systems for transferring ownership records and processing payments.

AI Integration: Streamlining Traditional Processes

Supported by a $100 million credit facility from Metropolitan Partners Group, Propy is consolidating title and escrow companies into a platform powered by AI automation. The system extracts information from signed purchase agreements and processes transactions through blockchain-based smart contracts. Propy has also introduced Avery, an AI agent designed to assist with escrow-related workflows and transaction management. According to the company, automation tools are reducing closing times from weeks to several hours in some transactions.

Regulatory Legitimacy Fuels Industry Adoption

Recent regulatory developments, including the GENIUS Act, have increased institutional interest in blockchain-based financial infrastructure. The legislation established rules for stablecoins and reserve requirements, contributing to broader adoption discussions among developers, REITs and investment firms exploring digital transaction systems.

Conclusion: A New Era In Real Estate

Real estate companies continue to test blockchain and AI applications aimed at reducing transaction times and administrative costs. Expansion of digital closing platforms reflects broader efforts across the property sector to modernise transaction infrastructure and automate operational processes.

Cyprus Tourism Regains Its Footing After A Turbulent Spring

Cyprus’ tourism sector is showing signs of renewed stability, even as June arrivals slipped 1.7% year on year, according to Deputy Minister of Tourism Kostas Koumis, who said the latest figures point to a market that has now returned to a steadier path.

The comments followed the release of new data from the Cyprus Statistical Service (Cystat), which showed that 489,965 tourists visited the island in June 2026, down from 498,527 in the same month last year.

A Softer First Half, But Not A Break in Momentum

For the January-to-June period, Cyprus recorded 1,656,015 tourist arrivals, representing a 10.1% decline from 1,843,013 in the first half of 2025. Even so, Koumis argued that the underlying picture was more resilient than the headline decline suggests.

He described June as “satisfactory under the circumstances,” saying it confirmed that the tourism sector had moved back onto a stable trajectory after a difficult spring. In particular, he pointed to the weaker performance in March and April, when the conflict in the Middle East weighed on travel demand and disrupted normal seasonal patterns.

“It also confirms that the actions taken by the deputy ministry, together with the entire tourism industry, to manage the extraordinary situation our country’s tourism sector faced from March 1 onwards have clearly produced improved results,” Koumis said.

Reading Beyond The Headline Numbers

The deputy minister also argued that the first-half performance, while down year on year, should be viewed in context. Arrivals in the first six months of 2026 were still 0.2% higher than during the same period in 2024, suggesting that the market has not lost its broader momentum.

“If we take into account the very significant losses recorded during March and April, which heavily influence any analysis, the first-half performance should also be considered satisfactory,” he said. “At the same time, a window of hope is opening for a further reduction in the overall decline for the current year.”

Targeted Support For Key Markets

Koumis said the government is now focusing on a deeper analysis of market trends rather than relying solely on overall arrival figures. That review, he added, has identified several geographic markets that have been affected and still require support to sustain long-term growth.

“As a government, and as the competent deputy ministry, we are certainly not stopping at simply reading the numbers,” he said. “A thorough analysis shows that several geographical markets have been affected and still require careful support to ensure their successful and uninterrupted development in the coming years.”

According to Cystat, the United Kingdom remained Cyprus’ largest source market in June, accounting for 33.0% of arrivals, or 161,913 visitors.

Looking Ahead To Next Year

Koumis said planning is already underway for the years ahead, with next year at the centre of the government’s coordination efforts with the tourism industry.

“We are continuing to work hard on planning for the coming years, with next year naturally at the centre of our efforts, in cooperation with the country’s tourism industry,” he said. “Our ultimate objective remains the continuation of our collective effort to transform Cyprus into a sustainable, digitally smart and accessible destination for everyone.”

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