Casares: Financing a detached house between the coast and nature for a permanent centre of life
A couple from Stuttgart, she a tax adviser, he a civil engineer, planned a new chapter of life in Spain after many years of intensive professional activity. Both wanted to work partly remotely for a few more years and then spend their retirement permanently on the Costa del Sol.
At a glance
- Purchase price: 874.000 €
- Renovation: 41.100 €
- Financing required: 572.400 €
- Equity: 447.600 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Quiet living with a wide view over Andalusia
Casares is one of the most original municipalities on the western Costa del Sol. The famous white mountain village, the proximity to the coast and the extensive natural landscapes create a living environment that many German-speaking buyers specifically seek. Anyone who values peace but still wants to reach the infrastructure of Estepona or Sotogrande in a short time finds ideal conditions in Casares.
This practical case shows how buying a detached house for permanent owner-occupation can be financed in a structured way.
Initial situation
A couple from Stuttgart, she a tax adviser, he a civil engineer, planned a new chapter of life in Spain after many years of intensive professional activity. Both wanted to work partly remotely for a few more years and then spend their retirement permanently on the Costa del Sol.
They were looking for a detached house with a large living area, several terraces and a small garden in a quiet residential setting. After several viewings they chose a modern detached house at the edge of an established urbanisation in Casares.
Financing overview
- Purchase price: 874.000 €
- Additional costs: 104.900 €
- Renovation: 41.100 €
- Total investment: 1.020.000 €
- Equity: 447.600 €
- Financing required: 572.400 €
The challenge
The equity came mainly from the sale of a terraced house in Germany and from long-term savings. At the same time, sufficient liquidity was to be preserved in order to shape later retirement flexibly.
Before moving in, the house was to be adapted to their personal living ideas.
Analysis
The property was technically well preserved and immediately usable. The planned measures mainly served to improve living comfort and energy efficiency.
Planned were the renewal of the kitchen, the modernisation of a bathroom, the replacement of several windows with models offering improved thermal protection, the installation of a centrally controllable air-conditioning system and the fit-out of a quiet study with custom-made fitted furniture.
As all work was planned in detail before the purchase, it could be fully included in the total investment.
Financing solution
The financing was set at around 65 % of the purchase price. This kept part of the equity as a financial reserve, while at the same time creating a balanced long-term financing structure.
Alongside the purchase price, all acquisition costs and all intended modernisation measures were financed together. Later top-up financing was 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 prepare their move gradually while preserving their financial flexibility.
What other buyers can learn
Casares is especially interesting for buyers who deliberately prefer a quieter residential setting without wanting to give up good accessibility of the coast. Anyone who takes modernisation measures into account already at the acquisition benefits from a clearly calculable total investment and can plan the move much better.
Frequently asked questions
Why do many owner-occupiers choose Casares?
Can energy improvements be part of the financing?
Why is equity not used in full?
Which properties are especially in demand in Casares?
Conclusion
Casares offers ideal conditions for people who want to combine peace, nature and Mediterranean quality of life. Financing that takes the purchase price, additional costs and all planned modernisation into account already at the acquisition creates a solid basis for a long-term centre of life on the Costa del Sol.
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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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