Cypriot real estate analytics firm Ask Wire secured two Gold Awards and a Platinum distinction at the AI and Data Awards 2026, held recently in Athens, for its practical application of artificial intelligence and data analytics.

According to the announcement, the company won Gold in the categories ‘Best Use of AI/Data for Business Transformation’ and ‘Best Use of Data Analytics’.

In the latter category, it also received a Platinum recognition for its performance compared with other award-winning companies.

The distinctions relate to the real-world application of AI and data in the real estate sector, an area where, until recently, even large institutional investors were often forced to take decisions based on limited or delayed information.

As such, Ask Wire stood out for the automatic integration and enrichment of real estate data drawn from tens of thousands of actual transactions.

At the same time, it continuously monitors all new construction projects in Cyprus and Greece, while also producing automated valuation and evaluation reports used by market professionals.

The evaluation committee examined submissions from Greek and international companies active across sectors including healthcare, industry and financial services. Entries were assessed on measurable criteria such as accuracy, usefulness and daily productive use, rather than theoretical innovation alone.

Beyond the awards themselves, the distinctions draw attention to a structural weakness affecting both the Cypriot and Greek real estate markets, the lack of transparency and timely and reliable information.

In practice, actual transaction data becomes available with a delay of several months, while property advertisements frequently include multiple listings for the same asset.

As a result, the picture of available supply is often distorted and, by extension, prices do not always reflect real demand.

Analysis shows that in certain areas, properties with similar characteristics can display differences of 15 to 20 per cent in their real value due solely to incomplete or fragmented information.

This affects not only private buyers, but also banks, investment funds and public organisations, which are often required to take decisions with significant financial implications under conditions of limited visibility.

At the same time, systematic data exploitation is now making it possible to analyse tens of thousands of real transactions, remove hundreds of thousands of duplicate advertisements and extract structured information from descriptions, technical brochures and urban planning documents.

As Ask Wire CEO Pavlos Loizou explains, “it is also possible to map new developments at a national level, with constant information on the construction stage and absorption.”

However, he adds, “technology alone is not enough. The lack of a single central transaction register, delays in the publication of official data, and the absence of standardisation in advertisements continue to make comparative analysis difficult.”

Furthermore, Loizou notes that transparency does not automatically lead to lower prices or eliminate imbalances between supply and demand.

“However, it can reduce blind decisions,” Loizou said, concluding that “in a market that directly affects households, businesses, and financial stability, accuracy and transparency of information constitute a fundamental and increasingly necessary change.”