Benahavís: Financing a villa with a panoramic view for a permanent centre of life
An entrepreneur from Hesse and his wife planned a new chapter of life in Spain after selling their family business. The property was to be occupied year-round and offer enough room for visits from their adult children and occasional business appointments.
At a glance
- Purchase price: 2.460.000 €
- Renovation: 144.800 €
- Financing required: 1.598.000 €
- Equity: 1.302.000 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Exclusive living between nature, golf and the Costa del Sol
Benahavís is one of the most exclusive residential locations in Spain. The municipality lies just a few minutes from Marbella and the coast and combines peace, nature and privacy with excellent infrastructure. Generous plots, high-quality residential complexes and scenic surroundings make Benahavís especially interesting for buyers who want to live permanently on the Costa del Sol.
This practical case shows how buying a high-quality villa can be realised with well-considered financing.
Initial situation
An entrepreneur from Hesse and his wife planned a new chapter of life in Spain after selling their family business. The property was to be occupied year-round and offer enough room for visits from their adult children and occasional business appointments.
After a longer search they chose a villa in a quiet residential setting in Benahavís with a wide view of the surrounding landscape and the Mediterranean.
Financing overview
- Purchase price: 2.460.000 €
- Additional costs: 295.200 €
- Renovation: 144.800 €
- Total investment: 2.900.000 €
- Equity: 1.302.000 €
- Financing required: 1.598.000 €
The challenge
The buyers had considerable liquid funds and a broadly diversified securities portfolio. Even so, there was the wish to keep a large part of the assets invested and not pay for the property entirely from own funds.
In addition, several technical and functional improvements were to be implemented immediately after the acquisition.
Analysis
The villa was in excellent structural condition. The planned investments therefore focused on comfort, energy efficiency and long-term usability.
Provided for were the complete modernisation of the building control, the replacement of the air conditioning with a more energy-efficient system, the redesign of the main kitchen, the renewal of two bathrooms, the extension of the outdoor lighting and the fit-out of a generous library and study.
All measures were planned in detail before the contract was concluded and 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 and able to remain invested over the long term.
Alongside the purchase price, all acquisition costs and the planned modernisation were fully integrated into the financing. Additional loans or top-up financing were therefore not required.
Outcome
Once the work was completed, a house was created that meets the highest requirements for comfort and functionality and at the same time offers optimal conditions for permanent retirement.
The buyers were able to move their centre of life to Benahavís as planned and continue to have sufficient financial flexibility.
What other buyers can learn
With high-quality properties, additional investment often arises even though the property is already in very good condition. Individual adaptations to one's own lifestyle should therefore be planned early and included in the overall financing.
For high-priced homes in particular, holistic financing planning contributes significantly to long-term security.
Frequently asked questions
Why is Benahavís so popular among owner-occupiers?
Can comfort and technical modernisation be co-financed?
Why is financing used with existing assets?
Which properties are especially in demand in Benahavís?
Conclusion
Benahavís combines peace, exclusivity and an exceptional quality of living with proximity to the centres of the Costa del Sol. Financing that takes the purchase price, additional costs and all planned modernisation into account together from the start creates the basis for a long-term secure and comfortable centre of life in Spain.
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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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