Terraced house in Manilva – Sale proceeds, pension and a deliberately small instalment
A couple from Rhineland-Palatinate, both long active as grammar-school teachers, planned retirement in Spain. After several trips along the Costa del Sol, they deliberately decided against the larger cities and instead looked for a quieter place to live with good infrastructure.
In short
What was this case about?
A couple from Rhineland-Palatinate, both long active as grammar-school teachers, planned retirement in Spain. After several trips along the Costa del Sol, they deliberately decided against the larger cities and instead looked for a quieter place to live with good infrastructure.
Why is Manilva interesting for owner-occupiers?
The municipality offers quiet residential locations, the proximity to the sea, good infrastructure and short distances to Estepona and Sotogrande.
Can terrace modernisation be 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.
€534,000 price, €346,200 financing needed
- Purchase price: 534.000 €
- Renovation: 31.900 €
- Financing required: 346.200 €
- Equity: 283.800 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Relaxed living at the western end of the Costa del Sol
Manilva is one of the places to live on the Costa del Sol that have largely preserved their original character. Located between Estepona and Sotogrande, the municipality offers a pleasant mix of proximity to the coast, quiet residential areas and good transport links. For many German-speaking buyers, Manilva is an attractive alternative to the better-known places in the region.
This practical case shows how buying a terraced house for permanent owner-occupation can be sensibly financed.
Two teachers from Rhineland-Palatinate retiring by the sea
A couple from Rhineland-Palatinate, both long active as grammar-school teachers, planned retirement in Spain. After several trips along the Costa del Sol, they deliberately decided against the larger cities and instead looked for a quieter place to live with good infrastructure.
The choice fell on a terraced house in a well-kept residential complex with a view of the Mediterranean. The generous terrace, the quiet neighbourhood and the good accessibility of shops and the coast were particularly convincing.
€630,000 in all: price, purchase costs, refurbishment
- Purchase price: 534.000 €
- Additional costs: 64.100 €
- Renovation: 31.900 €
- Total investment: 630.000 €
- Equity: 283.800 €
- Financing required: 346.200 €
Proceeds from the house sale, reserves kept for retirement
The buyers had equity from the sale of their previous home. Even so, they wanted to keep financial reserves for retirement and not finance the purchase entirely from own funds.
In addition, the house was to be adapted to their personal living ideas before moving in.
Kitchen, bath, interior doors and a shaded terrace
The property was well-kept and immediately usable. The planned investments therefore mainly served to improve living comfort.
Planned were a new fitted kitchen, the modernisation of the bathroom on the upper floor, the replacement of the interior doors, more efficient air conditioning and the redesign of the terrace with permanently installed shading for year-round use.
As all measures were calculated before the purchase contract was concluded, they could be fully included in the total investment.
65% financed, the retirement reserve stays intact
The financing was set at around 65 % of the purchase price. This kept enough equity as a reserve, while at the same time creating durable, balanced financing.
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 financing steps after the purchase were therefore not required.
Home ready to move in, money left over for travel
Once the work was completed, a comfortable home was created that offers the buyers ideal conditions both in everyday life and for their upcoming retirement.
The financing remained easy to calculate and at the same time left enough financial flexibility for travel and personal wishes.
A good location need not be in the top price bracket
Manilva shows that attractive residential locations on the Costa del Sol do not necessarily have to be in the top price segment. Anyone who takes all investments into account early creates a transparent overall calculation and avoids later financial surprises.
For a permanent move to Spain in particular, this planning provides additional security.
Frequently asked
Why is Manilva interesting for owner-occupiers?
Can terrace modernisation be part of the financing?
Why is the full purchase price not paid from own funds?
Which properties are especially in demand in Manilva?
Terraced house in Manilva: financing for peace by the sea
Manilva offers ideal conditions for people who want to combine peace, the sea and Mediterranean quality of life. An overall plan that budgets the purchase price, additional costs and all planned modernisation together already at the acquisition — the bank loan for the purchase price, additional costs and modernisation from equity — creates a solid basis for a long-term centre of life on the Costa del Sol.
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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