It depends on the country. For example, German banks willingly offer mortgages to
foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms:
the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece:
although the law does not prohibit banks from issuing loans, in practice, Greek banks
don’t issue loans to local nor foreign property buyers. You can learn about the mortgage
terms in your preferred country by contacting Tranio’s local agents.
How does the purchase procedure work?
The purchase procedure depends on the country where you buy property. Generally, after
choosing a property you need to sign a preliminary agreement with the seller and carry
out a due diligence of the property by checking the relevant documents and the
property's technical condition. After that, all parties sign the sales agreement and the
notary registers the transaction. As a rule, the purchase registration costs amount to
approximately 10% of the property price.
Can a residence permit be obtained by buying property?
In some countries it is possible. Residence-for-property purchase programmes are known as
Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular
Golden Visas in Europe. The Greek residence
permit is the cheapest and can be obtained by buying a property worth at least
€250,000, while organising all of the documents costs about €19,000. Certain countries
offer citizenship to property buyers — for example, an investor can get their hands on a
Cypriot passport by buying a property
worth at least €2M.
How does Tranio make money if your service is free for the clients?
We share the commission, which the buyer or the seller (depending on the country) pays to
our partners — foreign real estate agencies. The price of this service is the same as if
you contacted the agency directly — this is an important condition and applies to all of
our partnership agreements.
Who guarantees the transaction security?
The transaction security is guaranteed by the notary who draws up the sales agreement and
checks the information on the previous and current owners of the property, any
outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not
responsible for the parties involved in the transaction.