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

Financing a townhouse in Sant Feliu de Guíxols – Historic charm with modern living comfort

A lawyer and a management consultant from Frankfurt planned to move their centre of life entirely to Spain within the next two years. They were looking for a townhouse in Sant Feliu de Guíxols with a roof terrace, a courtyard and enough room for guests.

Key figures

At a glance

  • Purchase price: 1.340.000 €
  • Renovation: 149.200 €
  • Financing required: 910.800 €
  • Equity: 739.200 €

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 Spanien.

Living in an established coastal town

Sant Feliu de Guíxols is one of the most traditional towns on the Costa Brava. The marina, the historic old town and the year-round lively seafront promenade make it especially interesting for people who are looking not just for a property by the sea but for a permanent centre of life. Many townhouses combine classic architecture with great potential for a contemporary modernisation.

Initial situation

A lawyer and a management consultant from Frankfurt planned to move their centre of life entirely to Spain within the next two years. They were looking for a townhouse in Sant Feliu de Guíxols with a roof terrace, a courtyard and enough room for guests. The property they found was convincing for its location near the old town but required extensive modernisation in the interior.

Financing overview

  • Purchase price: 1.340.000 €
  • Additional costs: 160.800 €
  • Renovation: 149.200 €
  • Total investment: 1.650.000 €
  • Equity: 739.200 €
  • Financing required: 910.800 €

The challenge

The buyers had considerable own funds from long-term asset-building. Even so, they did not want to liquidate their investments entirely but to keep part of their assets broadly diversified. At the same time, the house was to be fully modernised before the final move.

Analysis

For high-quality townhouses in Sant Feliu de Guíxols, the actual investment requirement often consists of more than the purchase price. Older buildings in particular benefit from a comprehensive technical and functional modernisation.

With financing of around 68 % of the purchase price, a balanced capital structure could be created. At the same time, sufficient equity remained as a reserve.

Financing solution

The financing covered all planned measures:

  • high-quality new fitted kitchen
  • complete renewal of all bathrooms
  • modern air conditioning on several levels
  • smart-home system for lighting and shading
  • network cabling for home office and media
  • custom-made fitted wardrobes
  • redesign of the courtyard with low-maintenance features

All modernisation was implemented immediately after the acquisition.

Outcome

Once the work was completed, a fully modernised townhouse was available that met the requirements for permanent living. The buyers were able to prepare their move over the long term and at the same time keep their asset structure balanced.

What other buyers can learn

Historic townhouses on the Costa Brava often offer a special character but frequently require targeted investment in technology and living comfort. Anyone who integrates these measures into the financing early creates a realistic basis for calculation and avoids later additional financing.

FAQ

Frequently asked questions

Do older townhouses often need modernisation?
Yes. Depending on the year of construction, kitchens, bathrooms, air conditioning, electrical installations or digital infrastructure are frequently modernised.
Why are investments not used entirely for the property purchase?
Many buyers want to keep their assets broadly positioned and retain sufficient liquidity for future developments.
Can extensive modernisation be co-financed directly?
If it is specifically planned and transparently calculated before the purchase, it can often be part of the overall financing.
Is Sant Feliu de Guíxols suitable as a permanent residence?
Yes. The town offers very good year-round infrastructure, medical care, shopping, restaurants and a high quality of life for owner-occupiers.

Conclusion

A townhouse in Sant Feliu de Guíxols combines a historic setting with modern living. If the purchase price, additional costs and all modernisation measures are planned together from the start, durable financing emerges that supports the permanent move to the Costa Brava over the long term.

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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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