Valencia property: apartment in Gandia – A bank loan instead of selling securities
Anonymised case report: Apartment in Gandia – A bank loan instead of selling securities. Mortgage financing for non-residents.
Apartment in Gandia: are shops, doctors and authorities within short distances?
Yes, the city centre offers year-round life, short distances to shops, doctors, restaurants and authorities and good transport links within the Valencia region. Gandia combines urban living with short distances to the Mediterranean, and in this case shops, cafés, doctors and public transport near the old town were conveniently reachable on foot.
€512,000 purchase price, €267,200 of buyers' equity
The purchase price was 512,000 € and the renovation 26,600 €. The financing required was 332,800 € and the equity 267,200 €.
The bank leaves modernisation to the overall plan: As a rule the Spanish bank does not co-finance modernisation — it belongs in the overall plan: equity or raising capital against German property.
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: 512,000 €; Renovation: 26,600 €; Financing required: 332,800 €; Equity: 267,200 €.
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 Gandia: urban living with Mediterranean quality of life: Gandia is one of the most interesting places to live in the south of the province of Valencia. While many visitors know above all the famous beach, the city centre offers excellent infrastructure with shops, restaurants, medical care, schools and a lively old town. For German-speaking buyers who want to live in Spain permanently, Gandia combines urban living with short distances to the Mediterranean.
This practical case shows how buying an apartment in the city centre can be financed durably and soundly.
Remote work and a flat near Gandia's old town
A marketing manager from Munich and her husband, a self-employed software developer, planned a complete move to Spain within the next three years. Both already worked mostly location-independently and wanted to move their centre of life to a city that lives year-round and is not shaped exclusively by tourism.
After several viewings they chose a generous apartment in a well-kept residential building near the old town of Gandia. Shops, cafés, doctors and public transport were conveniently reachable on foot.
€600,000 total investment by line item: Purchase price: 512,000 €; Additional costs: 61,400 €; Renovation: 26,600 €; Total investment: 600,000 €; Equity: 267,200 €; Financing required: 332,800 €.
The portfolio stays untouched, reserves stay in place
The equity came from long-term savings and a well-developed securities portfolio. At the same time, the buyers did not want to liquidate their investments entirely and wanted to keep sufficient financial reserves.
Before moving in, the apartment was to be functionally modernised and optimally equipped for permanent living.
Ready to use; kitchen, bath, doors and office planned: The property was well-kept and immediately usable. The planned measures mainly served individual design and an improvement in energy efficiency.
Planned were a new fitted kitchen with generous work surfaces, the modernisation of the main bathroom, the replacement of the interior doors, more energy-efficient air conditioning and the fit-out of a separate home office with custom-made storage solutions.
As all measures were defined before the purchase contract was concluded, they could be fully included in the total investment.
65 % financed, no follow-up borrowing required
The financing was set at around 65 % of the purchase price. This kept enough equity as a long-term reserve, while at the same time achieving a balanced monthly burden.
Alongside the purchase price, all acquisition costs and all planned modernisation measures were included in the overall plan from the outset — covered from equity, not by the bank loan. Later top-up financing was therefore not required.
A modern city flat with room left over for travel: Once the work was completed, a modern city apartment was created that offers the buyers ideal conditions both during their remaining working years and for later retirement.
The financing remained plannable over the long term and at the same time left enough financial room for travel and further private projects.
City life in Gandia, with the sea a few minutes away: Not every future centre of life in Spain has to be right on the beach. Cities like Gandia offer excellent infrastructure, active town life and at the same time the possibility of reaching the sea within a few minutes.
Anyone who plans the purchase price, additional costs and modernisation together already at the acquisition creates a reliable basis for a relaxed new start.
Gandia: a Spanish home base need not be right on the coast
Gandia shows that a permanent residence in Spain does not necessarily have to be right on the coast. The city combines urban comfort with Mediterranean quality of life and excellent infrastructure. An overall plan that budgets the purchase price, additional costs and all planned modernisation together from the start — the bank loan for the purchase price, costs and modernisation from equity — creates a solid basis for a long-term centre of life in Spain.
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.
Townhouse in Castellón de la Plana — case report: Anonymised case report: Townhouse in Castellón de la Plana – Income still coming from Germany. Mortgage financing for non-residents.
Frequently asked questions
Why is existing equity not used in full?
Many buyers want to preserve financial reserves or keep their assets broadly invested and therefore choose balanced financing.
Which properties are especially in demand in the centre of Gandia?
Apartments and modern city flats with a lift, balcony or terrace and good access to the city centre are among the most popular forms of housing for permanent owner-occupation.
Does the Spanish bank co-finance the modernisation of an apartment in Gandia?
As a rule the Spanish bank does not co-finance modernisation. It belongs in the overall plan: equity or raising capital against German property. In this case all planned modernisation measures were covered from equity, not by the bank loan.
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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.