Cyprus from year to year remains one of the most attractive places to buy real estate.
At the same time, housing on the island is eagerly purchased not only by local residents, but also by foreign investors. For some it is a natural consequence of the desire to live in Cyprus, for others it is an approach to the long-cherished dream of citizenship, for others it is a more attractive option for a summer vacation. Nevertheless, whatever the reason was dictated by the desire to buy property on the island of Aphrodite, for most potential buyers the question of a mortgage arises.
Today many financial institutions in Cyprus offer lending services. However, not always only the interest rate is the most important criterion when choosing a mortgage loan. Some local banks really have an attractive interest rate, but along with it there are many commissions, which significantly increase the cost of the loan.
So which one should you choose? You can trust the opinion of international rating agencies.
On Tuesday, July 6, the renowned international magazine Global Banking & Finance Review announced the results of the annual Global Banking and Finance Review Awards.
Bank of Cyprus won the Best Mortgage Bank in Cyprus 2021 nomination.
It is worth noting that Bank of Cyprus has received this award for the eighth consecutive year. Bank of Cyprus is the largest bank on the island that you can really trust. It was founded in 1899. Today Bank of Cyprus conducts operations in Great Britain, Australia, Greece, Romania, Russia.
As a reminder, the Global Banking & Finance Review Awards is one of the most reputable annual financial competitions.
It provides an independent assessment of financial and banking innovations, emerging areas of the financial sector, assesses innovation, progress and best practices of financial corporations around the world. Participants are compared on customer service, risk management, range of services provided, quality of management and technological development. In 2021, banks from more than 80 countries of the world took part in the competition.