Oliva: Financing a villa in a quiet residential setting for a permanent centre of life
A couple from Hesse, both self-employed tax advisers, planned a new chapter of life in Spain after handing over their practice. As they wanted to continue advising their clients digitally for a few more years, two fully equipped studies were as important as a quiet living environment.
At a glance
- Purchase price: 846.000 €
- Renovation: 52.500 €
- Financing required: 549.900 €
- Equity: 450.100 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Mediterranean living between orange groves and the sea
Oliva lies on the southern Costa de Valencia and is one of the places that have preserved their authentic character. The historic old town, miles of sandy beaches and very good infrastructure make the town interesting for many German-speaking buyers who want to move to Spain permanently. At the same time, Oliva offers more peace than many well-known coastal towns, without having to give up good accessibility.
This practical case shows how acquiring a villa for owner-occupation can be financed durably and soundly.
Initial situation
A couple from Hesse, both self-employed tax advisers, planned a new chapter of life in Spain after handing over their practice. As they wanted to continue advising their clients digitally for a few more years, two fully equipped studies were as important as a quiet living environment.
After a longer search they chose a detached villa in an established residential area of Oliva. The house offered a generous layout, a low-maintenance garden and short distances both to the city centre and to the beach.
Financing overview
- Purchase price: 846.000 €
- Additional costs: 101.500 €
- Renovation: 52.500 €
- Total investment: 1.000.000 €
- Equity: 450.100 €
- Financing required: 549.900 €
The challenge
The equity consisted of savings, a securities portfolio and the sale of a rented apartment. Even so, part of the assets was to remain deliberately invested in order to keep financial flexibility after the move too.
Before moving in, the property was to be adapted to the requirements of a permanent residence.
Analysis
The villa was in very good structural condition. The planned investments therefore focused on living comfort and energy efficiency.
Planned were a new high-quality fitted kitchen, the modernisation of two bathrooms, more efficient air conditioning with intelligent control, the renewal of the windows on the south side and the fit-out of two studies with custom-made fitted furniture and capable network technology.
As all measures were defined before the purchase contract was concluded, they could be fully included in the total investment.
Financing solution
The financing was set at around 65 % of the purchase price. This kept enough equity as a long-term reserve, while at the same time creating a balanced financing structure.
Alongside the purchase price, all acquisition costs and all intended modernisation were financed together. Additional financing steps after the purchase were therefore not required.
Outcome
Once the work was completed, a comfortable house was created that meets the requirements both of the remaining working years and of later retirement.
The buyers were able to move their centre of life to Oliva as planned while preserving their financial independence.
What other buyers can learn
Oliva shows that quiet residential locations, good infrastructure and proximity to the sea can be combined excellently. Anyone who fully calculates the purchase price, additional costs and modernisation costs early creates a robust basis for a permanent move to Spain.
Frequently asked questions
Why is Oliva attractive for owner-occupiers?
Can two home-office areas be sensibly planned in?
Why is not all of the equity used?
Which properties are especially in demand in Oliva?
Conclusion
Oliva combines authentic Mediterranean life with a high quality of living and excellent infrastructure. Financing that takes the purchase price, additional costs and all planned modernisation into account already at the acquisition creates the basis for a long-term secure and comfortable centre of life on the Costa de Valencia.
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To the case report →A similar situation in Spanien? Let's talk.
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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