Apartment in Valencia (Pla del Real) – Home office today, centre of life tomorrow
A project manager from Cologne and her husband, an auditor, planned to continue their professional activity for a few more years, mostly from home. After that, Valencia was to become their permanent new centre of life.
In short
What was this case about?
A project manager from Cologne and her husband, an auditor, planned to continue their professional activity for a few more years, mostly from home. After that, Valencia was to become their permanent new centre of life.
Why is Valencia especially attractive for owner-occupiers?
Valencia offers excellent infrastructure, short distances, cultural diversity, modern healthcare and a high quality of life together with a pleasant Mediterranean climate.
Can modernisation be a direct part of the financing?
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.
€586,000 flat and a €381,600 loan at a glance
- Purchase price: 586.000 €
- Renovation: 23.700 €
- Financing required: 381.600 €
- Equity: 298.400 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Property for sale in Valencia: urban living between parks, culture and the Mediterranean
Valencia is one of the most popular cities in Spain for people who want to move their centre of life abroad permanently. The city combines historic architecture with modern infrastructure, excellent medical care, an international airport and a high quality of life. Districts like Pla del Real in particular are in demand among owner-occupiers because they combine quiet living with short distances to the city centre.
This practical case shows how buying an apartment for permanent owner-occupation can be sensibly financed.
Home office now, Valencia as the later home base
A project manager from Cologne and her husband, an auditor, planned to continue their professional activity for a few more years, mostly from home. After that, Valencia was to become their permanent new centre of life.
After an intensive search they chose a generous apartment in Pla del Real. Decisive were the proximity to the Turia gardens, the good public transport links and the quiet residential setting.
The €680,000 total investment broken down
- Purchase price: 586.000 €
- Additional costs: 70.300 €
- Renovation: 23.700 €
- Total investment: 680.000 €
- Equity: 298.400 €
- Financing required: 381.600 €
Investments stay, the flat is adapted beforehand
The buyers had equity from long-term savings and a rented apartment in Germany. At the same time, they did not want to liquidate their investments entirely and wanted to keep sufficient financial reserves.
Before moving in, the apartment was also to be functionally modernised and adapted to the requirements of a permanent residence.
Well-kept flat; kitchen, bath and home office planned
The apartment was in well-kept condition. The intended measures therefore focused on comfort and everyday practicality.
Planned were a modern fitted kitchen with more storage, the redesign of the main bathroom, the replacement of the interior lighting with energy-efficient LED systems, zone-controlled air conditioning and the conversion of a room into a quiet home office with custom-made fitted furniture.
All work was calculated in detail before the purchase contract was concluded and fully included in the total investment.
65 % financed, no second loan needed afterwards
The financing was set at around 65 % of the purchase price. This kept a considerable part of the equity available and the monthly burden easily calculable over the long term.
Alongside the purchase price, all additional 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 acquisition were therefore not required.
A city flat for the working years and retirement alike
Once the work was completed, a modern city apartment was created that offers the buyers optimal conditions both during their remaining working years and in later retirement.
The financing remained balanced and at the same time left enough financial room for travel and further private plans.
Older flats in Valencia often sit in the better spots
Valencia is one of the cities where high-quality existing apartments often offer more living quality and better locations than many new builds. At the same time, individual adaptations should be planned realistically already at the time of purchase.
Budgeting all investments together from the outset ensures planning certainty — the bank loan for the purchase price, costs and modernisation from equity — and considerably eases the later move.
Frequently asked
Why is Valencia especially attractive for owner-occupiers?
Can modernisation be a direct part of the financing?
Why is not all of the equity used?
Which properties are especially in demand in Valencia?
Pla del Real apartment with renovation firmly built into the plan
Valencia combines urban living, Mediterranean quality of life and excellent infrastructure. 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, costs and modernisation from equity — creates a solid basis for a long-term centre of life in one of Spain's most attractive cities.
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A similar situation in Spain? Let's talk.
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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