Detached house in Casares – Working remotely, living in Spain
Casares is one of the most original municipalities on the western Costa del Sol. The famous white mountain village, the proximity to the coast and the extensive natural landscapes create a living environment that many German-speaking buyers specifically seek. Anyone who values peace but still wants to reach the infrastructure of Estepona or Sotogrande in a short time finds ideal conditions in Casares.
Does the Spanish bank finance the modernisation of a house in Casares?
No. As a rule the Spanish bank does not co-finance modernisation; it belongs in the overall plan and is paid from equity or by raising capital against German property. In Casares the loan was €572,400, about 65 percent of the €874,000 purchase price, and the €41,100 of works came from equity, so no later top-up financing was needed.
Key figures: €874,000 purchase price, €572,400 loan
- Purchase price: 874,000 €
- Renovation: 41,100 €
- Financing required: 572,400 €
- Equity: 447,600 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Quiet living with a wide view over Andalusia
This practical case shows how buying a detached house for permanent owner-occupation can be financed in a structured way.
Stuttgart couple planning retirement on the Costa del Sol: A couple from Stuttgart, she a tax adviser, he a civil engineer, planned a new chapter of life in Spain after many years of intensive professional activity. Both wanted to work partly remotely for a few more years and then spend their retirement permanently on the Costa del Sol.
They were looking for a detached house with a large living area, several terraces and a small garden in a quiet residential setting. After several viewings they chose a modern detached house at the edge of an established urbanisation in Casares.
Total investment €1,020,000, of which €447,600 equity: Purchase price: 874,000 €; Additional costs: 104,900 €; Renovation: 41,100 €; Total investment: 1,020,000 €; Equity: 447,600 €; Financing required: 572,400 €.
Sale of the terraced house provides the equity
The equity came mainly from the sale of a terraced house in Germany and from long-term savings. At the same time, sufficient liquidity was to be preserved in order to shape later retirement flexibly.
Before moving in, the house was to be adapted to their personal living ideas.
Kitchen, bath, windows: all work planned before the purchase
The property was technically well preserved and immediately usable. The planned measures mainly served to improve living comfort and energy efficiency.
Planned were the renewal of the kitchen, the modernisation of a bathroom, the replacement of several windows with models offering improved thermal protection, the installation of a centrally controllable air-conditioning system and the fit-out of a quiet study with custom-made fitted furniture.
As all work was planned in detail before the purchase, it could be fully included in the total investment.
65% loan-to-value, part of the equity stays as reserve
The financing was set at around 65 % of the purchase price. This kept part of the equity as a financial reserve, while at the same time creating a balanced long-term financing structure.
Alongside the purchase price, all acquisition costs and all intended modernisation measures were included in the overall plan from the outset — covered from equity, not by the bank loan. Later top-up financing was therefore not required.
House finished, the move can happen step by step: Once the work was completed, a comfortable house was created that meets the requirements both of the remaining working years and of later retirement.
The buyers were able to prepare their move gradually while preserving their financial flexibility.
A quiet spot near the coast, works costed from day one
Casares suits buyers who want a quieter residential setting without giving up quick access to the coast. Anyone who takes modernisation measures into account already at the acquisition benefits from a clearly calculable total investment and can plan the move much better.
Casares: a detached house blends peace, nature and Mediterranean life: Casares offers ideal conditions for people who want to combine peace, nature 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.
Frequently asked questions
Why is equity not used in full?
Many buyers want to keep financial reserves for retirement, travel or unforeseen expenses and therefore choose balanced financing.
Which properties are especially in demand in Casares?
Detached houses, villas and high-quality homes in quiet residential locations are among the preferred properties for permanent owner-occupation.
Which modernisation work was planned for the detached house in Casares?
Planned were the renewal of the kitchen, the modernisation of a bathroom, the replacement of several windows with models offering improved thermal protection, a centrally controllable air-conditioning system and the fit-out of a quiet study. As all work was planned in detail before the purchase, it could be fully included in the total investment.
A similar situation in Spain? Let's talk.
Every financing in Spain is an individual case. In a free initial consultation I will tell you honestly what is feasible and which bank fits.
Anonymised 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
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Content by Siegfried Perini — local brand representative since 2019, active in real estate since 1992, entered in the German intermediary register (§ 11a GewO) as a person directly involved in brokerage and advice. Point of contact for German-speaking buyers in Spain and Portugal. Brokerage by Olga Nikushkina, mortgage credit intermediary under § 34i German Trade Regulation (GewO); in Portugal through a locally licensed intermediary.