Media Centre

How technology is changing the Real Estate sector

PropTech companies can simplify procedures, bring greater transparency and cut costs The term PropTech refers to any kind of technology that can improve the way people search, find, buy, sell and manage properties. The use of technology in the Real Estate sector reduces costs, minimizes the time required to complete transactions and brings greater transparency. …

How technology is changing the Real Estate sector Read More »

Press Release: Alex Michael joins WiRE as Interim CTO

Alex will contribute to WiRE’s transformation into the leading PropTech company in Cyprus and the region WiRE FS team is significantly strengthened with Alex Michael taking the position of Interim Chief Technology Officer (CTO). Alex will spearhead the company’s technological development and enhance its range of services, by leading the development of a ground-breaking suite …

Press Release: Alex Michael joins WiRE as Interim CTO Read More »

Press Release: WiRE FS joins Techisland Association

Pavlos Loizou: The acceleration of the technology and innovation ecosystem is crucial for Cyprus’ future growth WiRE FS, a PropTech company which brings transparency to the real estate market by using innovative technology to help individuals and companies research, value, buy and sell real estate, has joined Techisland, an association with a mission to promote …

Press Release: WiRE FS joins Techisland Association Read More »

When Theory Meets Practice: Cost vs Price vs Value vs Worth

This article does not concern itself with the etymology of cost, price, value and worth; it focuses on the mess that these terms are causing to the banking system. In everyday language, cost, price, value and worth are often interchangeable, but they have specialized meanings in Real Estate business. Cost is the construction cost of …

When Theory Meets Practice: Cost vs Price vs Value vs Worth Read More »

Borrowing to buy an apartment is affordable, but comes with risks in the long run

The real cost for a couple buying an apartment remains low – a trend that started in 2012 and continues – since the occasional rise in apartment prices was absorbed, to an extent, by the low interest rates for housing loans and subsequently the cost of debt. WiRE FS has conducted the very first relevant …

Borrowing to buy an apartment is affordable, but comes with risks in the long run Read More »

Buying a property from a bank or an investment fund? Make light work of it!

The similarities and differences compared to acquiring properties from traditional sources   After 2015, numerous properties passed into the banks’ ownership, mostly through debt-to-asset swaps or foreclosures. Subsequently, several of them were acquired by credit acquiring companies and, in the near future, more are expected to follow the same path. These properties are referred to …

Buying a property from a bank or an investment fund? Make light work of it! Read More »

Banks and credit acquiring companies put properties worth €2.5 billion up for sale

Non-performing loan sales have changed the game in the real estate market   Banks and credit acquiring companies have currently over six thousand properties with a value close to €2.5 billion on the market. To be more specific, according to data gathered and analysed by WiRE FS, the aforementioned companies have currently 6.200 properties available …

Banks and credit acquiring companies put properties worth €2.5 billion up for sale Read More »