by Delfi Partners & Company
An innovative data and real estate analytics practice, helping corporates, financial institutions, rating agencies and individuals to make better informed decisions that drive profitability and customer satisfaction through fresh market insights.
Delfi Analytics helps businesses make intelligent decisions based on reliable, up-to-date data and breakthrough analysis providing the data they require to make better informed decisions.
Utilising freshly sourced data which is not available to the rest of the market means clients of Delfi Analytics can always stay ahead of the curve.
Tailor made for financial institutions, investors and corporates, Delfi Analytics enables users to view graphical or visualised data using cross-data tabulations to depict actual transactions and data projections.
Using proprietary algorithms to continuously ingest, analyse and transform ever growing amounts of data from various sources into an optimised solution that enables businesses to dynamically adjust to ever changing environments.
Tailor made for financial institutions, investors and corporates, Delfi Analytics enables users to view graphical or visualised data using cross-data tabulations to depict actual transactions and data projections.
Using proprietary algorithms to continuously ingest, analyse and transform ever growing amounts of data from various sources into an optimised solution that enables businesses to dynamically adjust to ever changing environments.
Stay up to date with everything going on in the Real Estate industry.
Given ongoing market war-driven uncertainties & covid-driven challenges, 2022 will be a year full of contrasts & contradictions. According to ECB, Europeans will in the short term be confronted with higher inflation and slower economic growth. On the other hand, the real estate market remains on an upward trend and there are some indications that have already returned to pre-pandemic levels.
In 2022, the world still faces a difficult array of challenges such as the resurgent of COVID-19 pandemic, the inflation risks etc. However, from a dealmaking perspective, 2022 will be a busy & dynamic year for the island of Cyprus as we anticipate renewed cross-border activity & a steadily increased pace of deal activity at a domestic level.
Despite the global recession caused by the pandemic, house prices & rents continues its positive trajectory in the main markets of EU. According to Eurostat's findings, over the period 2010 until Q3 2021, rents increased by 16% and house prices by 39% across EU. In particular, house prices increased by 8.8% y-o-y in EU & 9.2% y-o-y in European Union during Q3 2021. Greece experienced a deep recession since the end of 2009.
2021 was a year defined by the many ongoing consequences of COVID-19. The world got vaccinated, but not in equal measure. The island of Cyprus was suffering from multiple waves of COVID-19 infections, however, the housing market of Cyprus gradually returned to pre-COVID level. In particular, the transfers of sales increased slightly by 5.1% in 2021 compared to 2019. Likewise, the amount of mortgages totaled €5,492 bn, up by 77.4%.
After the last year’s major pause due to the coronavirus outbreak, Cyprus’ housing market sees first signs of recovery. In particular, the transfers of sales increased slightly by 3.4% y-o-y in November 2021 compared to the same period in 2019. Likewise, the amount of mortgages totalled €5,093 bn, up by 82.2%. However, even if the Cypriot real estate market is recovering, the amount of mortgages dropped slightly by 4.4%, whilst, the contracts of sales fell by 4.2% over the same period compared to 2019.
As we roll into the second year of COVID-19, the world has seen excess mortality rates, economic downturn and anxiety on an unprecedented degree. IMF trims 2021 GDP forecast, citing "vaccine divide" & Greece fears a possible 5th wave of COVID-19. However, even though COVID-19 has forced the country to impose lockdown which have cost many billions of euros to an economy slowly emerging from a decade-long crisis, Greek real estate showed significant resilience & set to rebound.
After a year's pause due to COVID-19, the real estate market is on a recovery trajectory in Cyprus. Our report aims to provide an overview of the real estate market in Cyprus focusing on the key pillars such as transfers of sales, contracts of sales, number of mortgages & amount of mortgages. The report also captures the impact of the pandemic outbreak on the residential prices across the country & how they vary across the country's districts.
This report aims to explore the COVID-19 impact on tourism & travel industry & its recovery on greek & international level. Evidence shows that even though the COVID-19 shock (61.2% decrease in contribution of travel and tourism to Greek GDP during 2020), the Greek tourism & travel industry shows slow & gradual improvement from mid-May 2021.
This report aims to explore the COVID-19 impact on tourism & travel industry & its recovery on greek & international level. Evidence shows that even though the COVID-19 shock (61.2% decrease in contribution of travel and tourism to Greek GDP during 2020), the Greek tourism & travel industry shows slow & gradual improvement from mid-May 2021.
Hospitality & tourism sector plays an important role in Cyprus economy, contributing significantly to the national GDP every year. However, over the previous year, it suffered a severe crisis due to COVID-19 and the implications of worldwide travel restrictions. In this survey, we will examine how coronavirus affected popular areas of Cyprus, the most resilient areas that keep growing despite the pandemic break out & the expectations of the industry for the future.
