Valencia property: Beachside apartment in Playa de Gandia – Sale proceeds as the equity
Anonymised case report: Beachside apartment in Playa de Gandia – Sale proceeds as the equity. Mortgage financing for non-residents.
What is a beachside apartment in Playa de Gandia like outside the peak season?
Outside the peak season, the Playa de Gandia offers a quiet residential environment with good infrastructure, shops, restaurants and a direct connection to the city of Gandia. It also has generous promenades. In this case the buyers chose a second-row apartment in a complex with a lift, an underground garage and extensive communal areas, for year-round living.
€598,000 apartment, €311,300 equity, €388,700 loan
The purchase price was 598,000 € and the renovation 30,200 €. The financing required was 388,700 € and the equity 311,300 €.
Plan modernisation with equity or German property: 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: 598,000 €; Renovation: 30,200 €; Financing required: 388,700 €; Equity: 311,300 €.
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 Playa de Gandia: living year-round with direct proximity to the Mediterranean: The Playa de Gandia is one of the best-known beaches on the Costa de Valencia. While many visitors associate the place with summer holidays, more and more German-speaking buyers deliberately choose a permanent residence right by the sea. Outside the peak season, the Playa de Gandia offers a quiet residential environment, generous promenades and good infrastructure for everyday life.
This practical case shows how buying a beachside apartment for owner-occupation can be financed over the long term.
Two health-care professionals want a home for the whole year
A married couple from Rhineland-Palatinate, both long active in healthcare, were planning the transition into retirement. Instead of a classic holiday property, they were looking for a home that can be used year-round and offers short distances to the beach and to shops.
After a longer search they chose a generous apartment in the second row from the sea at the Playa de Gandia. The residential complex had a lift, an underground garage and extensive communal areas.
Fees €71,800, renovation €30,200, €700,000 all in: Purchase price: 598,000 €; Additional costs: 71,800 €; Renovation: 30,200 €; Total investment: 700,000 €; Equity: 311,300 €; Financing required: 388,700 €.
Proceeds from the family home, investments left untouched
The buyers had equity from the sale of their previous home. Even so, they deliberately wanted to keep financial reserves for retirement and not liquidate their investments entirely.
Before moving in, the apartment was to be adapted to the requirements of year-round living.
Salt-air resistant windows, kitchen, bath and cooling planned
The property was in good structural condition. The planned measures focused on comfort, functionality and protection from the climatic conditions in the immediate vicinity of the sea.
Planned were a new fitted kitchen, the modernisation of the bathroom, the replacement of several windows with more salt-air-resistant versions with improved thermal protection, modern air conditioning with individual room control and high-quality fitted wardrobes in the bedroom and entrance area.
As all measures were defined before the purchase contract was concluded, they could be fully included in the total investment.
Around 65% of the price, payment fits a retirement income: 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 creating an easily calculable monthly burden.
Alongside the purchase price, all acquisition costs and all planned modernisation 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.
An apartment for year-round living by the sea, reserves intact: Once the work was completed, a comfortable apartment was created that is optimally tuned to year-round living by the sea. The buyers were able to shift their centre of life to Spain gradually and still have sufficient financial reserves.
The financing remained stable over the long term and suited the income situation in retirement.
Coastal climate sets its own demands on windows and materials
An apartment near the beach places different requirements than a property inland. Materials, air conditioning and windows should be tuned to the coastal climate. If these measures are planned already at the purchase, a realistic overall calculation emerges and later surprises can be avoided.
Playa de Gandia apartment: quality of living all year round: The Playa de Gandia combines life by the Mediterranean with good infrastructure and a high quality of living throughout the year. 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, additional costs and modernisation from equity — creates the basis for a relaxed and long-term centre of life on the Spanish coast.
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.
Penthouse in Cullera — case report: Anonymised case report: Penthouse in Cullera – Self-employed income and a pension in one calculation. Mortgage financing for non-residents.
Frequently asked questions
Why is existing equity not used in full?
Many buyers want to preserve their financial flexibility and keep sufficient reserves for retirement or unforeseen expenses.
Which properties are especially in demand at the Playa de Gandia?
Above all modern apartments and penthouses with generous terraces, a sea view and year-round usability are highly sought-after by owner-occupiers.
How much of the purchase price was financed for the beachside apartment in Playa de Gandia?
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 creating an easily calculable monthly burden.
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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.