Villajoyosa: Financing a townhouse near the old town for a permanent centre of life
A self-employed software developer from Switzerland and his partner were looking for a place that combines authentic Spanish life with good digital infrastructure. As the buyer works permanently remotely, alongside living quality a quiet location and enough room for a separate office were central.
At a glance
- Purchase price: 558.000 €
- Renovation: 35.000 €
- Financing required: 362.700 €
- Equity: 297.300 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
A colourful coastal town with authentic character
Villajoyosa is one of the most charming coastal towns on the Costa Blanca. The historic old town with its colourful houses, the location right on the Mediterranean and the pleasant year-round climate make the town interesting for many German-speaking buyers who choose Spain not just as a holiday destination but as a new home.
This practical case shows how acquiring a modernised townhouse can be implemented with durable financing.
Initial situation
A self-employed software developer from Switzerland and his partner were looking for a place that combines authentic Spanish life with good digital infrastructure. As the buyer works permanently remotely, alongside living quality a quiet location and enough room for a separate office were central.
After several viewings they chose a townhouse near the historic old town of Villajoyosa. The building was well-kept but was to be adapted to their own living needs in some areas.
Financing overview
- Purchase price: 558.000 €
- Additional costs: 67.000 €
- Renovation: 35.000 €
- Total investment: 660.000 €
- Equity: 297.300 €
- Financing required: 362.700 €
The challenge
The buyers had liquid funds from the sale of an apartment in Switzerland. At the same time, part of their assets was to be preserved as a financial reserve.
In addition, there was the wish to complete all modernisation immediately after the transfer of ownership so the move could take place without a longer building phase.
Analysis
The townhouse was convincing for its central location, a solid building fabric and short distances to the beach, shops and restaurants.
The planned investments included the modernisation of the kitchen, the renewal of a bathroom, the installation of energy-efficient air-conditioning units, an improvement of the thermal insulation in the roof area and the fit-out of a generous home office with modern network cabling.
As all measures were planned in detail in advance, they could be fully integrated into the financing.
Financing solution
The financing was set at around 65 % of the purchase price. This kept enough equity available as a reserve, without unnecessarily burdening the financing.
Alongside the purchase, all acquisition costs and the planned modernisation measures were taken into account from the start. This created closed financing with no later additional capital requirement.
Outcome
Once the work was completed, a modern townhouse was created that preserves the original character of the property while meeting today's living requirements.
The buyers were able to move their centre of life to Villajoyosa as planned and continue their professional activity without restrictions.
What other buyers can learn
Existing properties in Villajoyosa often offer an attractive combination of location, charm and living quality. If necessary modernisation is realistically calculated before the purchase and fully included in the financing, reliable financial planning emerges from the start.
For buyers who want to move to Spain permanently in particular, this approach provides considerably more security.
Frequently asked questions
Why do many owner-occupiers choose Villajoyosa?
Can modernisation costs be financed together with the purchase?
Which properties are especially in demand in Villajoyosa?
Why is not all of the equity used?
Conclusion
Villajoyosa offers ideal conditions for people who want to live permanently on the Costa Blanca and appreciate the authentic character of a Spanish coastal town. Financing that takes the purchase price, additional costs and modernisation into account together from the start creates a reliable basis for the start of the new chapter of life.
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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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