Yes, it is possible to finance the property purchase for the Golden Visa in Spain. The Spanish law allows buyers to finance up to 70% of the property’s value. However, to qualify for the visa, the net amount invested must be at least €500,000.
This means that if you choose to finance part of the property, you will need to invest €500,000 of your own funds, and you can finance the remaining portion through a mortgage.
It’s important to note that Spanish banks tend to be more cautious when offering mortgages to non-residents, with higher interest rates and shorter repayment terms. Therefore, it’s highly recommended to seek advice from a financial advisor or mortgage broker who specializes in foreign buyers to ensure your financing meets the Golden Visa requirements.
Additionally, the funds used for the investment must be legally sourced, and you should maintain proper documentation to demonstrate the origin of the money.
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