Puerto Banús: Financing an exclusive apartment at the marina for a permanent residence
A lawyer and his wife from Munich planned to move their residence entirely to Spain over the coming years. As both could continue their professional activity partly digitally, the property was to be used year-round.
At a glance
- Purchase price: 1.320.000 €
- Renovation: 61.600 €
- Financing required: 858.000 €
- Equity: 682.000 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
High-quality living in one of the best-known locations on the Costa del Sol
Puerto Banús enjoys an excellent reputation worldwide. Alongside the famous marina, the surroundings offer high-quality residential complexes, short distances to beaches, golf courses and shops and excellent infrastructure for everyday life. For many German-speaking buyers, Puerto Banús is therefore not just an exclusive holiday resort but an attractive location for a permanent centre of life.
This practical case shows how acquiring a high-quality apartment can be implemented with a realistic financing structure.
Initial situation
A lawyer and his wife from Munich planned to move their residence entirely to Spain over the coming years. As both could continue their professional activity partly digitally, the property was to be used year-round.
The choice fell on a generous apartment in a well-kept residential complex not far from the marina of Puerto Banús. Decisive were the central location, the high building quality and the ability to reach all everyday amenities conveniently on foot.
Financing overview
- Purchase price: 1.320.000 €
- Additional costs: 158.400 €
- Renovation: 61.600 €
- Total investment: 1.540.000 €
- Equity: 682.000 €
- Financing required: 858.000 €
The challenge
The buyers had considerable liquid funds and a broadly positioned securities portfolio. Even so, not all of their assets were to flow into the purchase, in order to preserve the existing asset structure.
In addition, the apartment was to be modernised in several areas before moving in and tuned to their personal living habits.
Analysis
The property was in excellent condition. The intended investments mainly served individual equipment and a further increase in living comfort.
Planned were a completely new designer kitchen, the modernisation of the bathrooms, high-quality fitted wardrobes, optimised lighting design, more energy-efficient climate control and the fit-out of a separate study for digital working.
All measures were calculated in detail before the purchase and became part of the total investment.
Financing solution
The financing was set at around 65 % of the purchase price. This kept a considerable part of the assets invested while preserving a balanced equity ratio.
Alongside the purchase price, all acquisition costs and the planned modernisation measures were fully integrated into the financing. Later top-up financing was therefore not required.
Outcome
Once the work was completed, a high-quality residence was created that meets the requirements both of daily life and of the long-term plans for retirement.
The buyers were able to shift their centre of life to Puerto Banús gradually while preserving their financial flexibility.
What other buyers can learn
Exclusive properties too often need individual adaptations before they fully match personal living ideas. Anyone who takes these investments into account already at the acquisition avoids later financial surprises and creates significantly better predictability.
In high-priced residential locations in particular, holistic financing is therefore worthwhile.
Frequently asked questions
Is Puerto Banús also suitable for permanent owner-occupation?
Why is financing used despite high assets?
Can high-quality interiors be co-financed?
Which properties are especially in demand in Puerto Banús?
Conclusion
Puerto Banús offers ideal conditions for buyers who want to combine exclusive living with excellent infrastructure. Financing that takes the purchase price, additional costs and all planned modernisation into account from the start 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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