Financing an apartment in Cadaqués – Living permanently in one of Spain's most extraordinary coastal settings
A couple of dentists from Zurich, nearing retirement, were planning the gradual transition. They were looking for a high-quality apartment with a generous terrace, a sea view and a short distance to the town centre of Cadaqués.
In short
What was this case about?
A couple of dentists from Zurich, nearing retirement, were planning the gradual transition. They were looking for a high-quality apartment with a generous terrace, a sea view and a short distance to the town centre of Cadaqués.
Is financing sensible even with high equity?
Many buyers deliberately choose not to tie up all their assets in a property but to preserve financial reserves and existing investments.
Which modernisations are especially usual for high-quality apartments?
Alongside kitchens and bathrooms, air conditioning, shading, fitted wardrobes, modern lighting and digital infrastructure are among the most common measures.
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.
€1,080,000 price, €90,400 modernisation, €648,000 loan
- Purchase price: 1.080.000 €
- Renovation: 90.400 €
- Financing required: 648.000 €
- Equity: 652.000 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Property for sale in Cadaqués: a place with a special character
Cadaqués is one of the best-known towns on the Costa Brava. Its white architecture, sheltered bay and location by the Cap de Creus nature park give the coastal town an unmistakable character. Anyone who wants to settle here permanently finds only a limited supply of homes. Early, realistic financing planning is correspondingly important.
Two dentists from Zurich, income not in euros
A couple of dentists from Zurich, nearing retirement, were planning the gradual transition. They were looking for a high-quality apartment with a generous terrace, a sea view and a short distance to the town centre of Cadaqués. The suitable property was in a well-kept building but was to be modernised technically and made more comfortable before moving in.
€1,300,000 all told, own funds and loan almost equal
- Purchase price: 1.080.000 €
- Additional costs: 129.600 €
- Renovation: 90.400 €
- Total investment: 1.300.000 €
- Equity: 652.000 €
- Financing required: 648.000 €
Keeping liquidity, finishing the flat before moving in
The buyers had sufficient assets but did not want to invest all their liquid funds in the purchase. At the same time, the apartment was to meet the requirements for comfortable, permanent living immediately after the purchase, so all modernisation was planned from the start.
Not just the location counts, but the whole investment
In highly sought-after towns like Cadaqués, many buyers focus on the location. For robust financing, however, the entire investment is decisive. Alongside the purchase price, additional costs and modernisation measures also belong in the overall planning.
The financing corresponded to 60 % of the purchase price and allowed a balanced combination of equity and long-term financing. This kept part of the assets flexibly available.
Kitchen, baths, cooling and tech done before moving in
All planned measures were included in the overall plan from the outset — covered from equity, not by the bank loan:
- installation of a modern designer kitchen
- renewal of both bathrooms
- energy-efficient air conditioning
- custom-made fitted wardrobes
- intelligent lighting control
- electric sun-protection systems on the terrace
- network and media technology for permanent working from Spain
The modernisation was completed in full before moving in.
Ready to live in, room left for the retirement plans
The apartment could be occupied permanently immediately after the work was completed. At the same time, the buyers kept enough financial room for their further life and retirement plans. The overall plan covered the entire investment requirement without later additions — the bank loan for the purchase price, costs and modernisation from equity.
In sought-after spots budget the total, not just the price
In exclusive residential settings like Cadaqués, the purchase price should not be considered alone. A complete calculation of the total investment ensures planning certainty and prevents necessary modernisation from having to be carried out only after moving in.
Frequently asked
Is financing sensible even with high equity?
Which modernisations are especially usual for high-quality apartments?
Can all modernisation be taken into account directly?
Why is Cadaqués so sought-after by owner-occupiers?
Apartment in Cadaqués: purchase, costs and renovation as one plan
An apartment in Cadaqués is, for many buyers, the realisation of a long-held living dream. Anyone who considers the purchase price, additional costs and modernisation as an overall concept and structures the financing accordingly creates a reliable basis for permanent life on one of Spain's most beautiful coasts.
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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