Media Centre

Office market: The avalanche approaches for companies, workers, and landlords

Based on responses from more than 4,300 office-based workers and 1,500 Senior Decision Makers on behalf of their employees, surveyed across six countries, Barclays Capital believes that the work from home (WFH) revolution is upon us. Employees are expecting to work 60% more from home (to 1.6 days on average/week), while employers expect WFH days …

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First sale of NPLs package by a bank in Cyprus in 2017, others followed

The collapse of the Mediterranean island’s banking system back in 2013 led to the first ever sale of a non- performing loans package by a lender in 2017. The first such ‘trial’ project took place in 2017 with the Bank of Cyprus selling a NPLs package to CDB Bank.  The baton was taken over by Hellenic …

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How parents control their kids from beyond the grave

Typical mistakes when transferring property to the next generation The wealth of most Cypriots (those who still have some) is mainly made up of immovable properties and cash. So, when it’s time for them to transfer this wealth to the next generation, they usually make three important mistakes that have both financial and psychological consequences. …

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The constant of the Cypriot buyer and the highs and lows of foreigners

2021 will be another tumultuous year for the real estate sector   The real estate sector poses one of the biggest questions for 2021. The repeal of the Citizen by Investment Programme (CIP), the consequences of the pandemic – economic and social – and the general prevailing uncertainty render any predictions extremely difficult. However, an …

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WiRE launches its operations in Cyprus

WiRE, a niche real estate asset management and advisory firm, announced today the launch of its operations in Cyprus. WiRE focuses on maximising returns by offering a hands-on approach to managing real estate, identifying investment opportunities, coordinating and advising on the transaction process, and giving its clients direct access to information through the company’s business …

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