Nueva Andalucía: Financing a golf villa for life on the Costa del Sol
A couple from Switzerland, both specialist doctors with their own practice, planned the gradual transition into retirement. In future, part of the medical activity was to continue on some days, while the centre of life was moved permanently to Spain.
At a glance
- Purchase price: 2.180.000 €
- Renovation: 108.400 €
- Financing required: 1.417.000 €
- Equity: 1.133.000 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Quiet living between golf courses and Marbella
Nueva Andalucía is one of the most coveted residential locations on the Costa del Sol. Generous villa plots, well-kept residential areas and the immediate proximity to Marbella and Puerto Banús make the district especially attractive for buyers who want to live in Spain permanently. Despite the exclusive surroundings, the high quality of everyday life is central for many owner-occupiers.
This practical case shows how buying a villa can be implemented with well-considered financing and realistically calculated modernisation.
Initial situation
A couple from Switzerland, both specialist doctors with their own practice, planned the gradual transition into retirement. In future, part of the medical activity was to continue on some days, while the centre of life was moved permanently to Spain.
They were looking for a detached villa with a generous living area, a well-kept garden and enough room for children and grandchildren. After a longer search they chose a property in Nueva Andalucía in the immediate vicinity of several renowned golf courses.
Financing overview
- Purchase price: 2.180.000 €
- Additional costs: 261.600 €
- Renovation: 108.400 €
- Total investment: 2.550.000 €
- Equity: 1.133.000 €
- Financing required: 1.417.000 €
The challenge
The buyers had considerable assets but did not want to use them entirely for the purchase. Part of the capital was to remain as a liquidity reserve and long-term investment.
In addition, the villa was to be modernised technically and adapted to their personal requirements for year-round living.
Analysis
The property was convincing for its high-quality building fabric and quiet location. The planned measures therefore focused on comfort, energy efficiency and age-appropriate living.
Provided for were the modernisation of the building services, the replacement of the air conditioning with a more energy-efficient system, the renewal of the main kitchen, the redesign of two bathrooms and the installation of a lift between the living levels.
As all measures were planned in detail before the purchase, they could be fully included in the total investment.
Financing solution
The financing was set at around 65 % of the purchase price. This kept a considerable part of the assets flexibly available without unnecessarily increasing the monthly burden.
Alongside the purchase price, all additional costs and the planned modernisation were taken into account in a single financing. Additional financing steps after the acquisition were therefore not required.
Outcome
Once the work was completed, a high-quality residence was created that meets today's requirements for comfort and energy efficiency and is at the same time suitable for retirement over the long term.
The buyers were able to move their centre of life to Nueva Andalucía as planned and continue to have a comfortable financial reserve.
What other buyers can learn
Even with exclusive villas, additional investment often arises before the property fully matches one's own ideas. Anyone who takes these measures into account already at the purchase creates significantly better planning and cost certainty.
For high-quality homes in particular, an overall view of all investments is advisable rather than focusing exclusively on the purchase price.
Frequently asked questions
Why is Nueva Andalucía one of the most popular residential locations on the Costa del Sol?
Can accessibility measures be co-financed?
Why is financing used despite high assets?
Which properties are especially in demand in Nueva Andalucía?
Conclusion
Nueva Andalucía offers ideal conditions for people who want to combine exclusive living with peace, comfort and excellent infrastructure. Financing that takes the purchase price, additional costs and all modernisation measures into account already at the acquisition creates a reliable basis for a long-term centre of life on the Costa del Sol.
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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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