Interview Feature: Polys Kourousides Discusses Real Estate Matters
In an interview with Proper Property Magazine, Polys Kourousides, President of the Cyprus Property Valuers Association, sheds light on the evolving role of valuers in Cyprus's real estate industry.
Kourousides emphasizes the importance of maintaining objectivity, professionalism, and public trust in the valuation profession. As the Cyprus property market in 2025 remains stable yet evolving, with annual price increases of around 2%, below the EU average, valuers must carefully assess properties with balanced judgment to reflect true market values.
The interview also discusses the impact of technological advancements on the valuation profession. Kourousides champions the integration of AI, ESG, and PropTech innovations within valuation practices to enhance accuracy, efficiency, and ethical standards, while preserving the trust of the public and stakeholders.
The role of valuers extends beyond simple price estimation. They are trusted advisors, data interpreters, and ethical anchors in the current market. Kourousides stresses the need for ethical anchors in the current real estate market, which is characterized by rising interest rates, shifting prices, and growing demand for fast, tech-driven valuations.
The interview highlights the need for the valuation profession to adapt while preserving its core principles. Kourousides underscores the importance of preserving these principles in the face of technological advancements, ensuring that the profession remains impartial, independent, and credible.
In conclusion, Kourousides' leadership aims to uphold and promote valuation standards that adapt to market changes and technological advancements, reinforcing confidence in Cyprus’s real estate sector during a period of significant transformation. This leadership contributes to a balanced market that can withstand economic fluctuations and benefit from technological progress.
[1] Data source: Central Bank of Cyprus (CBC) - Quarterly Bulletin, Q1 2025.
- Polys Kourousides, the President of the Cyprus Property Valuers Association, discusses the importance of valuers maintaining their objectivity and professionalism in the evolving real estate market of Cyprus, especially with annual price increases of around 2%, below the EU average, in 2025.
- In the interview, Kourousides advocates for the integration of AI, ESG, and PropTech innovations in valuation practices to ensure accuracy, efficiency, and ethical standards, while preserving public trust.
- Kourousides emphasizes the role of valuers as trusted advisors, data interpreters, and ethical anchors in the current market, which is characterized by rising interest rates, shifting prices, and growing demand for fast, tech-driven valuations.
- Amidst these market changes and technological advancements, Kourousides' leadership aims to preserve the core principles of the valuation profession, ensuring that it remains impartial, independent, and credible, thereby reinforcing confidence in Cyprus's real estate sector and contributing to a balanced market that can withstand economic fluctuations and benefit from technological progress.
