Financing a townhouse in Empuriabrava – Living permanently by the water with well-considered overall financing
A self-employed software developer from Austria was planning a permanent move to Empuriabrava together with his partner. They were looking for a well-kept townhouse with its own garage and a small terrace within walking distance of shops and restaurants.
In short
What was this case about?
A self-employed software developer from Austria was planning a permanent move to Empuriabrava together with his partner. They were looking for a well-kept townhouse with its own garage and a small terrace within walking distance of shops and restaurants.
Can a home office be part of the modernisation?
As a rule the Spanish bank does not co-finance modernisation — it belongs in the overall plan: equity or raising capital against German property.
Why is as much equity as possible not used?
Many buyers deliberately want to preserve liquid funds or existing investments in order to remain financially flexible after the purchase too.
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.
Townhouse at €540,000, loan of €334,800
- Purchase price: 540.000 €
- Renovation: 45.200 €
- Financing required: 334.800 €
- Equity: 315.200 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Living between canals and the Mediterranean
Empuriabrava is known far beyond the Costa Brava for its extensive canal system. Besides the waterfront locations, the town is increasingly developing into an attractive centre of life for German-speaking buyers who want to move their residence permanently to Spain. Many townhouses date from earlier years and offer high living comfort after modernisation.
Developer and partner move to Empuriabrava for good
A self-employed software developer from Austria was planning a permanent move to Empuriabrava together with his partner. They were looking for a well-kept townhouse with its own garage and a small terrace within walking distance of shops and restaurants. The suitable property was already ready to move into but was to be upgraded technically and in terms of energy efficiency before moving in.
€650,000 total investment and its components
- Purchase price: 540.000 €
- Additional costs: 64.800 €
- Renovation: 45.200 €
- Total investment: 650.000 €
- Equity: 315.200 €
- Financing required: 334.800 €
Portfolio stays put, works follow right after purchase
A considerable part of their assets was invested in securities portfolios. The buyers did not want to liquidate these investments entirely and preferred financing that leaves enough financial room for the coming years. At the same time, all modernisation work was to be completed immediately after the purchase.
62 % financed, cash kept for the first years abroad
For a permanent move to Spain, it is not only the property purchase that matters. Planning liquidity for the first years after the change of residence is often an important part of the financing strategy too.
With financing of around 62 % of the purchase price, enough equity remained for the additional costs and part of the total investment, without tying up the existing assets entirely.
New windows, cooling, bathroom and a home-office corner
Alongside the purchase price, the overall plan covered all planned modernisation measures — from equity, not by the bank loan:
- new energy-efficient windows
- complete renewal of the air conditioning
- modernisation of the bathroom
- creation of a separate home-office area
- network cabling and modern lighting
By including all measures in the overall plan — covered from equity, not by the bank loan — all work could be completed before moving in.
Moved in with no works pending, investments largely kept
The townhouse was occupied after the modernisation, with no further building phase. The buyers were able to largely preserve their securities investments and at the same time implement balanced long-term financing. The permanent change of residence to Empuriabrava was thereby predictable and financially sound.
Costs, renovation and reserve belong in one calculation
Anyone moving their centre of life to Empuriabrava should not consider the purchase price alone. Additional costs, modernisation and sufficient financial reserves are part of sustainable overall planning. An overall plan that takes all components into account from the start — the bank loan for the purchase price, costs and modernisation from equity — creates long-term planning certainty.
Frequently asked
Can a home office be part of the modernisation?
Why is as much equity as possible not used?
Do older townhouses in Empuriabrava often need modernisation?
Is financing worthwhile even with existing assets?
Townhouse in Empuriabrava: a move with no later top-up loans
A townhouse in Empuriabrava can be an attractive solution for a permanent move to the Costa Brava. If the purchase price, additional costs and modernisation are planned together from the start — the bank loan for the purchase price, costs and modernisation from equity — a robust basis emerges for the new chapter of life – without later top-up loans or unplanned financial burdens.
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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