Perini Finance & Property §34i GewO · Mortgages in Spain & Portugal
Case report · Costa Blanca

Practical case Costa Blanca: Penthouse in Altea – The proceeds from a company sale as a solid basis

The company sale had fundamentally changed their financial situation. The couple had sufficient liquid funds and broadly diversified assets.

Key figures

At a glance

  • Purchase price: 1.235.000 €
  • Financing required: 864.500 €
  • Equity: 657.050 €

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 Spanien.

A new chapter began after a successful working life

After more than 30 years as the owner of a mid-sized metal-construction company, an entrepreneur from Baden-Württemberg decided to sell his business. Together with his wife, he wanted to use his newly gained freedom and spend a large part of the year on the Costa Blanca in future.

They were not looking for a villa requiring a lot of maintenance but for a high-quality penthouse with a generous terrace, a sea view and walking distance to the old town of Altea.

Initial situation

The company sale had fundamentally changed their financial situation. The couple had sufficient liquid funds and broadly diversified assets.

Even so, it quickly became clear that the full purchase price was not to be paid from own funds. Part of the sale proceeds was to remain invested over the long term and also preserved for the next generation.

Financing overview

  • Purchase price: 1.235.000 €
  • Additional costs: 160.550 €
  • Renovation (designer kitchen, terrace design, smart home and air conditioning): 126.000 €
  • Total investment: 1.521.550 €
  • Equity: 657.050 €
  • Financing required: 864.500 €

The financing share corresponded to around 70 % of the purchase price.

The challenge

The penthouse was equipped to a high standard but did not fully match the buyers' personal living style.

The kitchen, the entire lighting, the terrace and the building automation in particular were to be individually adapted.

In addition, the asset structure was to remain as unchanged as possible after the purchase.

Analysis

Before the purchase contract was concluded, all planned investments were recorded in detail and backed with realistic costs.

It was then examined what use of equity was sensible without unnecessarily changing the long-term asset planning.

The buyers deliberately chose to keep part of the sale proceeds broadly invested.

Financing solution

The financing was set at around 70 % of the purchase price.

The additional costs and a considerable share of equity were paid immediately from own funds.

All planned modernisation was already fully integrated into the financing planning. This meant the penthouse could be individually designed directly after the transfer of ownership.

Outcome

Just a few months later, the couple moved into the modernised penthouse in Altea.

Thanks to the balanced financing, a considerable part of their assets remained invested. At the same time, a high-quality residence was created that ideally complements the next chapter of life on the Costa Blanca.

What other buyers can learn

A company sale opens up new possibilities but does not have to mean that the entire proceeds flow into a property. It is often sensible to use equity in a targeted way while keeping enough assets for future opportunities and family goals.

FAQ

Frequently asked questions

Is a company sale a good basis for a property purchase?
It can significantly strengthen the equity share. What is decisive, however, is to structure the assets sensibly over the long term and not to invest exclusively in a property.
Why were individual equipment wishes taken into account before the purchase?
This allowed all measures to be implemented immediately after handover, without additional financing solutions being required later.
Why was full self-financing not chosen?
The buyers deliberately wanted to preserve their asset structure and keep sufficient liquidity for future investments and family plans.

Conclusion

Buying a penthouse in Altea shows that property financing can be a sensible part of the overall strategy even with a high asset base. Anyone who uses equity in a targeted way, considers modernisation early and plans for the long term creates the basis for relaxed living on the Costa Blanca.

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Anonymised 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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