Costa Blanca property: New-build with a timeline, €462,800 loan on the Orihuela Costa
Anonymised case report: New-build with a timeline: €462,800 loan on the Orihuela Costa. Mortgage financing for non-residents.
What does the region around the Orihuela Costa offer for everyday living?
The region offers modern residential areas, excellent infrastructure, numerous shopping options, international restaurants, golf courses and short distances to several beaches. Orihuela Costa lies in the south of the Costa Blanca and is especially attractive for German-speaking buyers who want to move their centre of life permanently to Spain.
In short
The changes are frequently not classic renovations but individual adaptations such as kitchens, bathrooms, fitted wardrobes or technical equipment.
Kitchens, bathrooms and wardrobes are often adapted: The changes are frequently not classic renovations but individual adaptations such as kitchens, bathrooms, fitted wardrobes or technical equipment.
Arranged by Perini Finance & Property: Perini Finance & Property — German-speaking, operating under the §34i GewO licence held by Olga Nikushkina, Portugal through a locally licensed intermediary; 30+ banks approached per case. First call free; on completion 1 % of the loan amount.
Penthouse at €712,000, financed with €462,800
The penthouse cost 712,000 € and the renovation 32,600 €. The financing required was 462,800 € and the equity 367,200 €.
Purchase price: 712,000 €; Renovation: 32,600 €; Financing required: 462,800 €; Equity: 367,200 €.
Anonymised case figure · not a binding statement for other projects · §34i GewO
Typical, anonymised case. Names, places and individual financing figures have been adjusted to protect privacy. The process reflects a typical advisory situation for non-resident financing in Spain.
Property for sale in Orihuela Costa: Mediterranean living between golf courses, beaches and urban infrastructure: Orihuela Costa is one of the most sought-after residential regions in the south of the Costa Blanca. The combination of modern residential complexes, numerous beaches, international shopping and excellent infrastructure makes the region especially attractive for German-speaking buyers who want to move their centre of life permanently to Spain.
This practical case shows how buying a high-quality penthouse can be implemented with durable financing.
Penthouse near the coast, later the main residence
A dentist and a tax adviser from Bavaria planned to reduce their professional activity gradually over the coming years and to spend most of the year in Spain in future. In the long term, the penthouse was to become their permanent main residence.
The decision fell on a modern property in a well-kept residential complex near the coast of Orihuela Costa. The generous roof terrace, the open living area and the good accessibility of all everyday amenities were particularly convincing.
Price, fees and fit-out: €830,000 all told: Purchase price: 712,000 €; Additional costs: 85,400 €; Renovation: 32,600 €; Total investment: 830,000 €; Equity: 367,200 €; Financing required: 462,800 €.
Preserving liquid funds, adapting the flat right away: The buyers had solid assets but deliberately did not want to invest all their liquid funds in the purchase. At the same time, the apartment was to be adapted to their own living ideas immediately after the purchase.
Particular attention was paid to comfortable equipment for permanent use and to building services that were as energy-efficient as possible.
Good condition; kitchen, baths and roof terrace get the budget
The penthouse was in very good structural condition. The planned investments therefore mainly served individual equipment.
Provided for were a high-quality fitted kitchen, the redesign of the two bathrooms, custom-made fitted wardrobes, optimised air conditioning and a partial redesign of the roof terrace with permanently integrated shading and additional storage solutions.
All measures were calculated in detail before the purchase and included in the total investment.
65 % of the price financed, reserves stay in place: The financing was set at around 65 % of the purchase price. This kept enough equity, while at the same time achieving a balanced monthly burden.
Alongside the purchase price, all acquisition costs and the full modernisation costs were included in the overall plan from the outset — covered from equity, not by the bank loan. This meant no later top-up financing was required.
Move prepared, reserves for everyday life remain: Once the work was completed, a comfortable residence was created that meets the requirements of daily life as well as the long-term plans for retirement.
The buyers were able to prepare the move as planned and continued to have sufficient financial reserves.
Even as-new flats need a budget for fit-out
Modern new-build or nearly new existing apartments, too, often cause additional investment before they fully match one's own living wishes. If these costs are taken into account already at the purchase, significantly better financial predictability emerges.
For high-quality properties in Orihuela Costa in particular, a comprehensive overall calculation is therefore worthwhile.
Orihuela Costa: fit-out wishes financed into the plan from day one: Orihuela Costa combines modern living with a high quality of life and excellent infrastructure. Anyone who budgets the purchase price, additional costs and individual equipment wishes together in an overall plan — the bank loan for the purchase price; costs and modernisation from equity — creates a solid basis for a long-term relaxed start in the new home on the Costa Blanca.
Similar cases by region and price band: Cases with a comparable region and price band — for context, not a promise of the same outcome.
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
Townhouse in Villajoyosa — case report: Anonymised case report: Townhouse in Villajoyosa – Income in Swiss francs, purchase in euros. Mortgage financing for non-residents.
Frequently asked questions
Can these costs be co-financed directly?
As a rule the Spanish bank does not co-finance modernisation — it belongs in the overall plan: equity or raising capital against German property.
Is a penthouse suitable as a permanent residence?
Yes. Many owner-occupiers appreciate generous terraces, low-barrier residential complexes, lifts and modern layouts for year-round living.
What was the total investment for the penthouse on the Orihuela Costa, and how much of it was financed?
The total investment was 830,000 €: purchase price 712,000 €, additional costs 85,400 € and renovation 32,600 €. The financing required was 462,800 €, around 65 % of the purchase price, and the equity was 367,200 €.
A similar situation in Spain? Let's talk.
Every financing in Spain is an individual case. In a free initial consultation we will tell you honestly what is feasible and which bank fits.
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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.