Detached house in El Campello – How the bank weighs partly remote income
An engineer and a teacher from North Rhine-Westphalia planned to move their centre of life to Spain some years before retirement. Both could continue their professional activity partly remotely and were therefore looking for a house that offers enough room both for working and for later retirement.
In short
What was this case about?
An engineer and a teacher from North Rhine-Westphalia planned to move their centre of life to Spain some years before retirement. Both could continue their professional activity partly remotely and were therefore looking for a house that offers enough room both for working and for later retirement.
Why is El Campello interesting for owner-occupiers?
The place combines proximity to the beach, good infrastructure, year-round quality of life and the immediate proximity to the city of Alicante with its international airport.
Can energy improvements be co-financed 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.
Who arranged this?
Perini Finance & Property — German-speaking, operating under the §34i GewO licence held by Olga Nikushkina, Portugal through a locally licensed intermediary; 15 to 20 banks approached per case. First call free; on completion 1 % of the loan amount.
Price €742,000, modernisation €49,000, loan €480,300
- Purchase price: 742.000 €
- Renovation: 49.000 €
- Financing required: 480.300 €
- Equity: 399.700 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Mediterranean living with short distances to the sea
El Campello is one of the most popular places to live on the northern Costa Blanca. The combination of long sandy beaches, good infrastructure, proximity to Alicante and a comparatively quiet living environment makes the place especially attractive for German-speaking buyers who want to move to Spain permanently.
This practical case shows how acquiring a detached house with manageable modernisation needs can be soundly financed.
A house for the last working years and retirement after
An engineer and a teacher from North Rhine-Westphalia planned to move their centre of life to Spain some years before retirement. Both could continue their professional activity partly remotely and were therefore looking for a house that offers enough room both for working and for later retirement.
The choice fell on a detached house in an established residential area of El Campello. The house had a well-kept garden and generous living areas but was to be modernised technically and energetically.
Total investment €880,000, of which €399,700 own funds
- Purchase price: 742.000 €
- Additional costs: 89.000 €
- Renovation: 49.000 €
- Total investment: 880.000 €
- Equity: 399.700 €
- Financing required: 480.300 €
Using the house-sale proceeds, keeping a reserve for the move
The available equity came mainly from the sale of their previous home in Germany. At the same time, the buyers wanted to keep sufficient financial reserves for the upcoming move and the first years in Spain.
In addition, all modernisation measures were to be completed immediately after the acquisition so the house could be occupied without a longer building phase.
Sound building; technology and a study are being renewed
The property was in a quiet residential setting with good access to the centre of El Campello and to Alicante. The building fabric was solid, yet there was a need for optimisation in the technical equipment.
Planned were, among other things, a new heat pump for the air conditioning, modern window shading, the renewal of the kitchen, the modernisation of a bathroom and the fit-out of a separate study with capable network cabling.
As all measures were defined before the contract was concluded, they were fully included in the overall plan — covered from equity, not by the bank loan.
65 % loan-to-value, fees and works from own funds
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 achieving a balanced monthly burden.
Alongside the purchase price, all acquisition costs and the planned modernisation were included in the overall plan from the outset — covered from equity, not by the bank loan. Additional loans after the purchase were therefore not required.
The move went to plan, financial leeway stayed intact
Once the modernisation was complete, a comfortable house was created that meets the requirements both of today's working everyday life and of the long-term plans for retirement.
The buyers were able to carry out their move as planned and at the same time continued to have sufficient financial flexibility.
Count upgrades in from the start, don't add them to the loan
A well-kept existing house in El Campello often offers a very good ratio between living quality and location. Anyone who realistically calculates necessary modernisation already at the acquisition and integrates it into the overall plan — covered from equity, not by the bank loan — creates clear financial circumstances from the start.
For a permanent move to Spain in particular, this considerably eases the entire planning.
Frequently asked
Why is El Campello interesting for owner-occupiers?
Can energy improvements be co-financed directly?
Is a detached house suitable for remote workers?
Does all of the equity have to be used?
Detached house in El Campello: a relaxed start through careful planning
El Campello offers ideal conditions for buyers who want to enjoy Mediterranean life permanently without giving up good infrastructure. A well-considered overall plan that budgets the purchase price, additional costs and modernisation together from the start — the bank loan for the purchase price, costs and modernisation from equity — creates the basis for a relaxed start in the new home on the Costa Blanca.
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Two generations realise their dream together
A similar situation in Spain? Let's talk.
Every financing in Spanien is an individual case. In a free initial consultation I will tell you honestly what is feasible and which bank fits.
Book a free consultationAnonymised 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