Bonus and variable income assessed: €885,500 for a villa in Calpe
The buyer was a member of the management board of an international logistics company. His wife worked as a pharmaceutical sales representative.
Is bonus and variable income assessed when financing a villa in Calpe?
Variable income components can be taken into account. For sustainable financing planning, however, it is decisive that the regular income also offers sufficient stability. Here the regular base salary formed the basis of the planning, while bonuses were taken into account only as additional financial room, and the financing was around 70 % of the purchase price.
Key figures: €1,265,000 price, €145,000 modernisation, €885,500 loan
- Purchase price: 1,265,000 €
- Financing required: 885,500 €
- Equity: 688,950 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
A high income is not always a regular income
A couple from Hamburg had decided, after many holidays on the Costa Blanca, to move to Spain permanently. Calpe in particular won them over with its combination of modern infrastructure, beaches, a marina and the striking Peñón de Ifach.
After several viewings they found a detached villa in a well-kept residential area with a generous plot, a pool and a sea view.
Part of the income is bonuses that vary from year to year
His wife worked as a pharmaceutical sales representative.
A considerable part of the family income consisted of performance-based bonus payments. These fluctuated significantly from year to year.
Although the average income was high, the financing was to be deliberately structured so that it remains comfortably affordable even in years with lower bonus payments.
€1,574,450 total investment, €164,450 in fees: Purchase price: 1,265,000 €; Additional costs: 164,450 €; Renovation (photovoltaics, pool technology, air conditioning and terrace design): 145,000 €; Total investment: 1,574,450 €; Equity: 688,950 €; Financing required: 885,500 €.
The financing share corresponded to around 70 % of the purchase price.
The instalment must hold in weaker bonus years too
The villa was in very good condition, yet the buyers wanted to carry out various technical improvements.
At the same time, the financing had to be structured so that it was not dependent on exceptionally high bonus payments. Durable, stable household budgeting was the family's top priority.
Base salary as the basis, bonuses only as extra room: First the income components were considered separately. The regular base salary formed the basis of the planning, while variable remuneration was taken into account only as additional financial room.
All modernisation costs were then fully calculated and included, together with the purchase price and additional costs, in the total investment.
This created financing that remains solid over the long term even with fluctuating income.
70 % financed, tech package done right after purchase
The financing was set at around 70 % of the purchase price.
The additional costs and a considerable share of equity were paid from existing own funds.
All planned modernisation measures were already fully taken into account. This meant all work could be completed immediately after the transfer of ownership.
Year-round home, instalment holds when bonuses are smaller: Today the couple uses the villa year-round as a residence on the Costa Blanca.
The financing is based on conservative household budgeting and remains comfortably affordable even when variable income components are lower than in especially successful business years.
Better not to count variable pay in full
It is not only the amount of income that is decisive. A realistic view of the income available over the long term is equally important. Anyone who does not fully include variable remuneration in their financing planning creates additional financial security.
Calpe villa: variable income assessed realistically in the financing: Buying a villa in Calpe shows that good property financing is not based on high incomes alone. Anyone who realistically assesses variable remuneration, considers modernisation costs early and uses equity in a targeted way creates a stable long-term basis for life 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.
Villa in Jávea — case report: Anonymised case from Costa Blanca: villa in Jávea. Mortgage financing for non-residents.
Frequently asked questions
Why was more not financed despite high incomes?
The buyers deliberately wanted to keep their monthly burden manageable while using sufficient equity.
Which modernisation was planned for the villa in Calpe?
The renovation covered photovoltaics, pool technology, air conditioning and terrace design at 145,000 €. All planned modernisation measures were fully taken into account, so all work could be completed immediately after the transfer of ownership.
What were the total investment and the equity for the villa in Calpe?
The total investment was 1,574,450 €, with a purchase price of 1,265,000 € and additional costs of 164,450 €. Equity was 688,950 € and the financing required 885,500 €.
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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.