How can one use a mortgage to pay for the cost of buying a qualifying golden visa property in Greece?

Would it be possible to mortgage on a property or take a bank loan, for example from my home country, to pay for it and still qualify for the golden visa? What specific conditions would I have to meet?

Answers

On October 06, 2021 Mary Tsiganou answered:

According to the Greek immigration law, the property to be acquired for Golden Visa purpose has to be free of mortgage or any encumbrances. But to fund the acquisition through a loan from your bank in your country providing other securities is an acceptable way of payment from a justified source of funds.

On October 04, 2021 Vasilios Arachovitis answered:

A loan from your country is still a legitimate way, according to Greek law, since in fact the product of the loan will be invested in Greece and it’s coming from an acceptable and lawful source, that is your bank.

On October 05, 2021 Dimitris Foutsis answered:

In order to be eligible to apply for the golden visa, the buying property should be free from any burdens.

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