Owning a property by the sea may seem like an impossible dream—but what if it isn't? In Prague, a 60-square-metre apartment costs around CZK 7.5 million. On the Costa del Sol, apartments in good condition, close to the beach and within easy reach of the airport, start at around €250,000—approximately CZK 1.25 million less than in the Czech capital. And for buyers who do not wish to pay the full purchase price upfront, Viva España can help arrange mortgage financing. “We are able to secure mortgages for Czech and Slovak clients with interest rates starting at 3.75% and fixed terms of up to 20 years, financing 50–60% of the property's value,” says Viktor Margita, co-founder of Viva España.
Spain attracts people primarily because of its outstanding climate. With more than 320 days of sunshine each year and winter temperatures often reaching 18°C even in January, it is easy to understand why more and more people are choosing southern Europe. “Living here is actually more affordable than in the Czech Republic. I personally divide my time between three EU countries, and Spain is by far the least expensive for everyday living. More importantly, the quality of life here is the highest. That's my personal experience. People are also happier, friendlier, and more relaxed thanks to the abundance of sunshine, and it's wonderful to see,” says Monika Vavreková from Viva España.
How Can You Finance Your Purchase?
A large proportion of clients purchasing property in southern Spain use their own savings. “The main reason is that they want to protect their money against inflation,” explains Viktor. “In recent years, several factors have encouraged people to consider relocating abroad. First came the rise of remote working during the COVID-19 pandemic, followed by the war in Ukraine, and more recently, the uncertain economic and political outlook in both the Czech Republic and Slovakia. At the same time, I fully understand that moving abroad means stepping outside your comfort zone, which is why only a small number of people are willing to sell their home in their own country,” Viktor says. He adds that mortgage financing offers an attractive alternative for clients who wish to invest but prefer not to commit all of their available capital at once. Viva España helps its clients arrange mortgage loans through Spanish banks with interest rates starting from 3.75%.
As an example, imagine a client purchasing an apartment priced at €250,000. They pay half of the purchase price from their own savings and finance the remaining 50% with a mortgage. Borrowing €125,000 over a 20-year term at an interest rate of 3.75% would result in a monthly repayment of €741.11.
“I genuinely support everyone who decides to invest in Spain, and I'm ready to help throughout the purchasing process as well as with settling into life here. Whether someone plans to relocate permanently or simply purchase an apartment to rent out as an investment, we're here to make the process as smooth as possible,” Viktor concludes.