Proof of property purchase
To apply for residency, proof of the investment(s) must be provided with a Property Registry filing (certificate). Finally, the estate can be rural land, developed land, buildings under construction, garage & parking spaces, individual chalets, houses and apartments and flats.
Investment threshold
The investment must be of at least €500,000 (excluding taxes) with funds owned directly by the investor. The funds used must come from transparent sources that comply with legislation on money laundering. Any investment(s) made above the €500,000 threshold is available to debt financing, for instance with a mortgage. However, the €500,000 must still be financed from the investor’s funds and the excess can be raised with a mortgage.