According to the relevant provisions οf immigration law in force, the investor must have full ownership and possession of the property at the time of submitting the permanent resident application, and the existence of a mortgage constitutes an obstacle to this condition. The price of the real estate has to be paid via a crossed bank check or through a banking transaction from the Greek bank account of the buyer to the Greek bank account of the seller. So a loan can be taken from your bank, provided that no encumbrances, hypothecs, etc., are on the property for purchase. If your bank could provide you a loan with securities beyond the under purchase property, as mentioned, there is no obstacle for the Golden visa procedure. Your own money, plus the bank loan from your country, should be transferred to your Greek account and be used for your purchase.
