Costa Brava property: Dentists from Zurich, €648,000 for an apartment in Cadaqués
The apartment was intended as a permanent home, not as a holiday property. A couple of dentists from Zurich, nearing retirement, were planning the gradual transition. They were looking for a high-quality apartment with a generous terrace, a sea view and a short distance to the town centre of Cadaqués.
Why do many buyers of an apartment in Cadaqués keep reserves and existing investments?
Many buyers deliberately choose not to tie up all their assets in a property, but to preserve financial reserves and existing investments. The buyers had sufficient assets but did not want to invest all their liquid funds. The financing corresponded to 60 % of the purchase price, a balanced combination of equity and long-term financing.
€1,080,000 price, €90,400 modernisation, €648,000 loan
The apartment in Cadaqués cost 1,080,000 € and the renovation 90,400 €. The financing required was 648,000 € and the equity 652,000 €.
Air conditioning, shading and digital infrastructure lead: Alongside kitchens and bathrooms, air conditioning, shading, fitted wardrobes, modern lighting and digital infrastructure are among the most common measures.
Arranged by Perini Finance & Property: Perini Finance & Property — German-speaking, operating under the §34i GewO licence held by Olga Nikushkina, Portugal through a locally licensed intermediary; 30+ banks approached per case. First call free; on completion 1 % of the loan amount.
Purchase price: 1,080,000 €; Renovation: 90,400 €; Financing required: 648,000 €; Equity: 652,000 €.
Anonymised case figure · not a binding statement for other projects · §34i GewO
Typical, anonymised case. Names, places and individual financing figures have been adjusted to protect privacy. The process reflects a typical advisory situation for non-resident financing in Spain.
Property for sale in Cadaqués: a place with a special character: Cadaqués is one of the best-known towns on the Costa Brava. Its white architecture, sheltered bay and location by the Cap de Creus nature park give the coastal town an unmistakable character. Anyone who wants to settle here permanently finds only a limited supply of homes. Early, realistic financing planning is correspondingly important.
Two dentists from Zurich, income not in euros
The suitable property was in a well-kept building but was to be modernised technically and made more comfortable before moving in.
€1,300,000 all told, own funds and loan almost equal: Purchase price: 1,080,000 €; Additional costs: 129,600 €; Renovation: 90,400 €; Total investment: 1,300,000 €; Equity: 652,000 €; Financing required: 648,000 €.
Keeping liquidity, finishing the flat before moving in
The buyers had sufficient assets but did not want to invest all their liquid funds in the purchase.
At the same time, the apartment was to meet the requirements for comfortable, permanent living immediately after the purchase, so all modernisation was planned from the start.
Not just the location counts, but the whole investment
In highly sought-after towns like Cadaqués, many buyers focus on the location. For robust financing, however, the entire investment is decisive. Alongside the purchase price, additional costs and modernisation measures also belong in the overall planning.
The financing corresponded to 60 % of the purchase price and allowed a balanced combination of equity and long-term financing. This kept part of the assets flexibly available.
Kitchen, baths, cooling and tech done before moving in: All planned measures were included in the overall plan from the outset — covered from equity, not by the bank loan:
installation of a modern designer kitchen; renewal of both bathrooms; energy-efficient air conditioning; custom-made fitted wardrobes; intelligent lighting control; electric sun-protection systems on the terrace; network and media technology for permanent working from Spain.
The modernisation was completed in full before moving in.
Ready to live in, room left for the retirement plans: The apartment could be occupied permanently immediately after the work was completed. At the same time, the buyers kept enough financial room for their further life and retirement plans. The overall plan covered the entire investment requirement without later additions — the bank loan for the purchase price, costs and modernisation from equity.
In sought-after spots budget the total, not just the price
In exclusive residential settings like Cadaqués, the purchase price should not be considered alone. A complete calculation of the total investment ensures planning certainty and prevents necessary modernisation from having to be carried out only after moving in.
Apartment in Cadaqués: purchase, costs and renovation as one plan: An apartment in Cadaqués is, for many buyers, the realisation of a long-held living dream. Anyone who considers the purchase price, additional costs and modernisation as an overall concept and structures the financing accordingly creates a reliable basis for permanent life on one of Spain's most beautiful coasts.
A similar situation in Spain? Let's talk. Every financing in Spain is an individual case. In a free initial consultation we will tell you honestly what is feasible and which bank fits.
Anonymised individual case, not a binding statement for other projects · Brokerage under the §34i GewO licence held by Olga Nikushkina (D-W-132-ZUCB-95); Siegfried Perini registered as directly involved person (§11a GewO) · no tax or legal advice · no financing commitment; conditions depend on creditworthiness, loan-to-value and bank
Similar cases by region and price band: Cases with a comparable region and price band — for context, not a promise of the same outcome.
Terraced house in Platja d'Aro — family of four: An engineer and a doctor move to Spain with their two children. Anonymised Costa Brava case — non-resident financing. §34i.
Frequently asked questions
Can all modernisation be taken into account directly?
As a rule the Spanish bank does not co-finance modernisation — it belongs in the overall plan: equity or raising capital against German property.
Why is Cadaqués so sought-after by owner-occupiers?
The town combines an extraordinary coastal landscape, high quality of life, established architecture and a quiet living atmosphere with year-round use as a permanent residence.
How high was the total investment for the apartment in Cadaqués, and what share did the financing cover?
The total investment was 1,300,000 €: purchase price 1,080,000 €, additional costs 129,600 € and renovation 90,400 €. The financing required was 648,000 €, which corresponded to 60 % of the purchase price, and the equity was 652,000 €.
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Content by Siegfried Perini — local brand representative since 2019, active in real estate since 1992, entered in the German intermediary register (§ 11a GewO) as a person directly involved in brokerage and advice. Point of contact for German-speaking buyers in Spain and Portugal. Brokerage by Olga Nikushkina, mortgage credit intermediary under § 34i German Trade Regulation (GewO); in Portugal through a locally licensed intermediary.