Sea view in Cascais: €762,000 loan for a €1.12m apartment
A couple from Düsseldorf, both long-standing management consultants, were planning a permanent move to Portugal after their gradual withdrawal from working life. They were looking for a generous apartment with a sea view, a lift, a large terrace and a short distance to the town centre of Cascais.
Does the Portuguese bank also finance modernisation in the loan for an apartment in Cascais?
No, as a rule the Portuguese bank does not co-finance modernisation. It belongs in the overall plan, from equity or by raising capital against German property. In this case the financing was around 68 % of the purchase price, and the kitchen, bathrooms, air conditioning, shading and further modernisation were covered from equity, not by the bank loan.
€1.12m flat, €762,000 loan, €124,000 of refurbishment
The apartment in Cascais cost 1,120,000 € and the renovation 124,000 €. The financing required was 762,000 € and the equity 538,000 €.
Reserves kept for retirement or other investments: Many buyers do not want to tie up all their assets in a property and want to keep financial reserves for retirement or other investments.
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: 1,120,000 €; Renovation: 124,000 €; Financing required: 762,000 €; Equity: 538,000 €.
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 Portugal.
Living permanently between the Atlantic and Lisbon: Cascais is one of the most sought-after places to live in Portugal. The combination of maritime flair, well-kept residential districts, an international environment and proximity to Lisbon makes the coastal town especially attractive for German-speaking buyers who want to move their centre of life permanently to Portugal. High-quality apartments are especially in focus.
Stepping back from work, moving to Cascais
The chosen property was convincing for its location but was to be comprehensively modernised before moving in.
€1.3m total, €56,000 in purchase costs: Purchase price: 1,120,000 €; Additional costs: 56,000 €; Renovation: 124,000 €; Total investment: 1,300,000 €; Equity: 538,000 €; Financing required: 762,000 €.
Use the sale proceeds, leave the portfolio invested
The buyers had liquid funds from the sale of their previous property. At the same time, they wanted to keep part of their assets invested in a broadly diversified portfolio. All modernisation measures were to be completed immediately after the acquisition so the apartment could be used permanently without a further building phase.
68 % financed, cash kept for the new chapter: In sought-after residential locations like Cascais in particular, the purchase price should not be considered alone. Only the inclusion of acquisition costs and modernisation measures conveys a realistic picture of the total investment.
With financing of around 68 % of the purchase price, a balanced structure emerged between equity and outside financing. At the same time, sufficient liquidity remained for the new chapter of life.
Two bathrooms, kitchen and shading paid from own funds
The overall plan took all planned measures into account — covered from equity, not by the bank loan:
installation of a high-quality kitchen; complete modernisation of both bathrooms; energy-efficient air conditioning; electric shading of the terrace areas; custom-made fitted wardrobes; intelligent control of lighting and air conditioning; modern network cabling for home office and media technology.
All work was carried out immediately after the property acquisition.
Sea-view flat ready to live in, assets stay flexible: Once the modernisation was complete, the apartment could be occupied without further restrictions. The buyers moved their centre of life to Cascais as planned and enjoyed modern living comfort. At the same time, a considerable part of their assets remained flexibly available.
Loan for the price, fees and works from own funds: Anyone moving permanently to Cascais should align the overall plan with the entire investment. Purchase price, additional costs and modernisation together form the economic basis of the acquisition. Complete planning creates transparency and reduces the risk of later additional costs.
Cascais apartment close to the Atlantic and to Lisbon
An apartment in Cascais combines exclusive living with proximity to the Atlantic and the Portuguese capital. Anyone who takes the purchase price, additional costs and all modernisation measures into account early in one overall plan — the bank loan for the purchase price, costs and renovation from equity — creates a robust basis for a long-term and relaxed new start in Portugal.
A similar situation in Portugal? Let's talk. Every financing in Portugal 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.
House in Braga — developers working fully remote: A developer couple work fully remote and move to Braga. Anonymised Portugal case — non-resident financing. §34i.
Frequently asked questions
Which modernisations are especially usual for apartments in Cascais?
Kitchens, bathrooms, air conditioning, shading, lighting, fitted wardrobes and digital infrastructure are frequently modernised.
Is Cascais suitable as a permanent residence?
Yes. Cascais offers excellent infrastructure, international schools, medical care, a wide range of shopping and a high quality of life throughout the year.
How high was the total investment for the apartment in Cascais, and how much of it was financed?
The total investment was 1,300,000 €: purchase price 1,120,000 €, additional costs 56,000 € and renovation 124,000 €. The financing required was 762,000 €, around 68 % of the purchase price, and the equity was 538,000 €.
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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.