How can foreigners take out a mortgage on a property in Greece as part of their residency by investment process?

I'm from the UK and currently in Greece on holiday. I recently saw a property I really liked but unfortunately it was a bit over my budget. I was wondering if the option to mortgage is available to foreigners in Greece? What would I need to do if I go for this option and get long term residency as well?

Answers

On July 28, 2021 Mary Tsiganou answered:

According to the relevant provisions οf immigration law, the investor must have full ownership and possession of the property at the time of submitting the permanent residence application, and the existence of a mortgage constitutes an obstacle to this condition. Perhaps a loan could be taken from your bank, provided that no encumbrances etc., are on the property to be acquired for Golden Visa purposes.

On July 27, 2021 Dimitris Foutsis answered:

No mortgage or any other burdens are allowed on the property in order to be eligible for golden visa.

Magazine Sign Up

Sign up to receive a free copy of our industry leading global immigration magazine

Become a Verified Member

Join our the global immigration community

join for free

Programs by Country

Europe
Caribbean
Asia
MENA
Australasia
North America