Benicàssim: Financing a villa near the beach for a permanent centre of life
A couple from Bavaria, she a specialist in internal medicine, he the managing director of a mid-sized technology company, were planning the gradual transition into retirement. Over the coming years, part of the professional activity was to continue digitally.
At a glance
- Purchase price: 918.000 €
- Renovation: 51.800 €
- Financing required: 641.700 €
- Equity: 438.300 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Mediterranean living between coast, nature and culture
Benicàssim is one of the most traditional places to live on the Costa del Azahar. The town is known for its well-kept beaches, the historic villa promenade and the immediate proximity to the Desert de les Palmes nature park. At the same time, Benicàssim offers excellent infrastructure and short distances to Castellón de la Plana. For German-speaking buyers who want to move their centre of life permanently to Spain, the town combines quality of life, peace and excellent accessibility.
This practical case shows how buying a villa for permanent owner-occupation can be financed durably and economically sensibly.
Initial situation
A couple from Bavaria, she a specialist in internal medicine, he the managing director of a mid-sized technology company, were planning the gradual transition into retirement. Over the coming years, part of the professional activity was to continue digitally.
They were looking for a detached villa with enough living space, several terraces and a garden laid out for low maintenance. After a longer search they chose a property in a quiet residential setting not far from the beach promenade of Benicàssim.
Financing overview
- Purchase price: 918.000 €
- Additional costs: 110.200 €
- Renovation: 51.800 €
- Total investment: 1.080.000 €
- Equity: 438.300 €
- Financing required: 641.700 €
The challenge
The buyers had liquid funds from savings, securities investments and a partly debt-free property in Germany. Even so, they wanted to keep a significant part of their assets invested and not put it entirely into the purchase.
Before moving in, several technical and functional improvements were to be implemented.
Analysis
The villa was in very well-kept condition. The planned measures therefore focused on comfort, energy efficiency and long-term use.
Planned were a new fitted kitchen with extended work surfaces, the modernisation of two bathrooms, intelligent control of the air conditioning, the replacement of older windows on the weather side with energy-efficient models and the fit-out of a generous study with a library area.
As all work was planned in detail before the purchase contract was concluded, it could be fully included in the total investment.
Financing solution
The financing was set at around 70 % of the purchase price. This kept a considerable part of the assets flexibly available and able to remain invested over the long term.
Alongside the purchase price, all acquisition costs and all planned modernisation measures were fully integrated into the financing. Later additional financing was therefore not required.
Outcome
Once the work was completed, a high-quality house was created that offers the buyers optimal conditions both during their remaining working years and in later retirement.
The financing remained durable over the long term and at the same time left enough financial room for travel, family and further investments.
What other buyers can learn
Benicàssim offers not only attractive beach locations but also quiet residential areas with a high quality of life. For high-quality homes in particular, comprehensive financing planning that takes all investments into account already at the acquisition is worthwhile.
This avoids financing gaps and the move can take place without further building work.
Frequently asked questions
Why is Benicàssim especially attractive for owner-occupiers?
Can comfort and energy measures be financed together?
Why was a financing share of around 70 % chosen here?
Which properties are especially in demand in Benicàssim?
Conclusion
Benicàssim combines Mediterranean quality of life, nature and excellent infrastructure. Financing that takes the purchase price, additional costs and all planned modernisation into account already at the acquisition creates a reliable basis for a long-term and comfortable centre of life on the Costa del Azahar.
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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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