The applicant of a Spanish RBI program through the purchase of real estate must certify that he/she has acquired the ownership of the property by certification of ownership and encumbrances from the Land Registry which corresponds to the property or properties. The applicant must accredit having made a property investment of 500,000 euros free of all liens or encumbrances. The portion of the investment exceeding the required amount may be subject to liens or encumbrances. So, this means that you will be able to get financing from a different real estate in your home country and invest in a property in Spain at least 500,000 euros. Over this amount will be able to get a mortgage loan also in Spain.
How can I take loans to participate in Spain’s residency-by-investment program?
I heard that to participate in Spain’s RBI program, one way is to purchase real estate without financing. I have several properties in my home country. I can use these properties as collateral and take a loan from a bank in my home country. Can I use the loan to buy the property I want in Spain and get a resident permit? Will this be considered financing?