Spanish mortgage for non-residents: Bungalow in Alcossebre – A home without stairs, planned from the outset
Anonymised case report: Bungalow in Alcossebre – A home without stairs, planned from the outset. Mortgage financing for non-residents.
What does Alcossebre offer for a bungalow close to the sea and the Serra d'Irta nature park?
Alcossebre offers quiet residential settings, direct proximity to the sea, the Serra d'Irta nature park and a pleasant infrastructure for daily life. It combines wide beaches, protected nature and a relaxed living atmosphere. In this case the short distances to the beach, the low-maintenance garden and the almost barrier-free layout of the single-storey bungalow were convincing.
€486,000 bungalow, €313,800 of financing needed
The purchase price was 486,000 € and the renovation 25,700 €. The financing required was 313,800 €, and 256,200 € came from equity.
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: 486,000 €; Renovation: 25,700 €; Financing required: 313,800 €; Equity: 256,200 €.
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.
Quiet living between a nature park and the Mediterranean: Alcossebre is one of the most charming coastal towns on the Costa del Azahar. The place lies at the edge of the Serra d'Irta nature park and offers a rare combination of wide beaches, protected nature and a relaxed living atmosphere.
Unlike classic holiday resorts, Alcossebre is also interesting for buyers who want to move their centre of life permanently to Spain and value peace and a good quality of life.
This practical case shows how buying a bungalow for owner-occupation can be sensibly financed.
Retirement in a small coastal town, a single-storey home
A couple from Schleswig-Holstein, both active for many years as physiotherapists, planned complete retirement in Spain. After numerous trips along the Spanish Mediterranean coast, they deliberately decided against larger cities and instead looked for a manageable coastal town with a natural environment.
They chose a single-storey bungalow in a quiet residential complex in Alcossebre. The short distances to the beach, the low-maintenance garden and the almost barrier-free layout were particularly convincing.
The figures behind the €570,000 total investment: Purchase price: 486,000 €; Additional costs: 58,300 €; Renovation: 25,700 €; Total investment: 570,000 €; Equity: 256,200 €; Financing required: 313,800 €.
Reserves kept for retirement, bungalow made age-friendly
The equity came from the sale of an apartment and from long-term savings. At the same time, the buyers wanted to keep financial reserves for retirement and not finance the acquisition solely from own funds.
Before moving in, the bungalow was to be optimised for age-appropriate living and energy efficiency.
Ready to use; walk-in shower and new kitchen planned
The property was well-kept and immediately usable. The planned measures mainly served long-term everyday practicality.
Planned were a new fitted kitchen with an ergonomic working height, the conversion of the bathroom to a level-access shower, modern air conditioning with heat-pump technology, new thermally insulating terrace doors and additional storage solutions in the utility area.
As all work was planned in detail before the contract was concluded, it could be fully included in the total investment.
65 % financed, costs and upgrades paid from equity: The financing was set at around 65 % of the purchase price. This kept a considerable part of the equity as a reserve, while at the same time creating a balanced long-term financing structure.
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.
Step-free, energy-efficient living from day one: Once the work was completed, a comfortable residence was created that allows the buyers largely barrier-free and energy-efficient living.
The financing remained calculable over the long term and at the same time left enough financial room for travel and personal wishes in retirement.
Age-friendly changes are easier before you move in
Anyone planning retirement in Spain should think about future living needs already at the property purchase. Age-appropriate adaptations and energy improvements can be implemented much more easily and economically before moving in.
Complete financing planning creates security from the start.
Bungalow in Alcossebre: full planning for nature, sea and calm: Alcossebre combines nature, sea and peace in a special way. 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 long-term secure and comfortable centre of life on the Costa del Azahar.
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.
Detached house in Vinaròs — case report: Anonymised case report: Detached house in Vinaròs – When the term has to end at 75. Mortgage financing for non-residents.
Frequently asked questions
Why do buyers choose a bungalow?
Single-storey living makes everyday life easier and is especially attractive for people who want to live in their property over the long term.
Which properties are especially in demand in Alcossebre?
Bungalows, detached houses and apartments in quiet residential settings a short distance from the beach are among the most popular properties for permanent owner-occupation.
Does the Spanish bank co-finance the modernisation of a bungalow in Alcossebre?
As a rule the Spanish bank does not co-finance modernisation. It belongs in the overall plan, from equity or by raising capital against German property. In this case all acquisition costs and 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.