Guardamar del Segura: Financing a villa near the dunes for a permanent centre of life
A couple of entrepreneurs from Baden-Württemberg planned to move their centre of life entirely to Spain within the next two years. The company was to continue to be run from Germany, so regular travel had to remain possible.
At a glance
- Purchase price: 835.000 €
- Renovation: 44.800 €
- Financing required: 568.500 €
- Equity: 411.500 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Quiet living between nature, the beach and year-round quality of life
Guardamar del Segura is one of the most pleasant places to live on the southern Costa Blanca. Miles of sandy beaches, extensive pine forests and the protected dune area shape the townscape. At the same time, the place offers everything necessary for daily life – from shopping to medical care and good transport links.
For many German-speaking buyers, Guardamar del Segura is therefore not only a holiday destination but an ideal place for a permanent centre of life.
Initial situation
A couple of entrepreneurs from Baden-Württemberg planned to move their centre of life entirely to Spain within the next two years. The company was to continue to be run from Germany, so regular travel had to remain possible.
They were looking for a detached villa in a quiet location with enough living space, a small garden and room for two separate studies. After a longer search, the decision fell on a modern property not far from the dune park of Guardamar del Segura.
Financing overview
- Purchase price: 835.000 €
- Additional costs: 100.200 €
- Renovation: 44.800 €
- Total investment: 980.000 €
- Equity: 411.500 €
- Financing required: 568.500 €
The challenge
The existing assets consisted of company shareholdings, securities portfolios and liquid funds. Although sufficient equity was available, only part of it was to flow into the purchase, in order to preserve financial flexibility for business investments.
In addition, the house was to be adapted technically to personal requirements immediately after the acquisition.
Analysis
The property was in very good structural condition and was excellently suited to permanent owner-occupation. The planned measures therefore focused on comfort and energy efficiency.
Provided for were new energy-efficient air conditioning, the modernisation of the kitchen, high-quality shading of the terrace areas, the renewal of two bathrooms and the fit-out of a work area with a capable network and fibre-optic connection.
As all work was planned in detail before the purchase, it could be fully included in the total investment.
Financing solution
The financing was set at around 68 % of the purchase price. This kept a considerable part of the assets available for business purposes, while at the same time achieving a balanced equity ratio.
Alongside the purchase price, all additional costs and the intended modernisation were taken into account from the start. This meant the property could be occupied immediately after the work was completed.
Outcome
After a few months, a modern house was created that meets the requirements both of professional everyday life and of the long-term plans for retirement.
The financing remained plannable and at the same time left sufficient financial room for future investments outside the property.
What other buyers can learn
Buyers with an entrepreneurial background in particular do not have to invest all their equity in a property. It is often more sensible to preserve financial reserves or business liquidity and structure the financing in a correspondingly balanced way.
Anyone who plans modernisation already at the acquisition avoids additional financing rounds and can organise the move much better.
Frequently asked questions
Why is Guardamar del Segura popular among owner-occupiers?
Can energy improvements be included directly in the financing?
Is financing sensible even when sufficient assets are available?
Which properties are especially in demand in Guardamar del Segura?
Conclusion
Guardamar del Segura offers ideal conditions for buyers who want to live permanently on the Costa Blanca and combine proximity to nature with good infrastructure. Financing that takes the purchase price, additional costs and planned modernisation into account together from the start creates a reliable basis for a relaxed new start in Spain.
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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 · Siegfried Perini, BAFA-notified for the cross-border activity of the owner Olga Nikushkina · §34i GewO · no tax or legal advice · no financing commitment; conditions depend on creditworthiness, loan-to-value and bank
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