Costa del Sol property: running a company remotely, €604,800 for a country house in Mijas
Anonymised case from Mijas: an IT entrepreneur working remotely finances an Andalusian country house, €604,800. Mortgage financing for non-residents.
Do the financing options for a country house in Mijas differ from other homes?
If the house is in a regular residential setting and is used as a residential property under building law, the financing options often do not differ significantly from other homes. Not every country house is a rustic finca: for genuine agricultural properties different financing options often apply, so financing should be planned on the property's actual legal and structural situation.
A €864,000 country house, €604,800 of it via the bank
The purchase price was 864,000 € and the renovation 52,300 €. The financing required was 604,800 € and the equity 415,200 €.
Two studies ease work life when both partners work remotely: More and more buyers work permanently or partly remotely. Two separate studies considerably ease professional everyday life when both partners work from home.
Arranged by Perini Finance & Property: Perini Finance & Property — German-speaking, operating under the §34i GewO licence held by Olga Nikushkina, Portugal through a locally licensed intermediary; 30+ banks approached per case. First call free; on completion 1 % of the loan amount.
Purchase price: 864,000 €; Renovation: 52,300 €; Financing required: 604,800 €; Equity: 415,200 €.
Anonymised case figure · not a binding statement for other projects · §34i GewO
Typical, anonymised case. Names, places and individual financing figures have been adjusted to protect privacy. The process reflects a typical advisory situation for non-resident financing in Spain.
Mijas: living with a panoramic view and authentic Andalusia: Mijas unites two worlds: the traditional white mountain village with its Andalusian charm and the modern residential areas towards the coast. Many German-speaking buyers deliberately choose Mijas because they appreciate the peace of an established residential setting without having to give up the proximity to Fuengirola, Marbella or Málaga.
This practical case describes the financing of a country house in a regular residential setting for permanent owner-occupation. It is expressly not a rustic finca outside a residential area.
An IT entrepreneur keeps running his company from Andalusia
An IT entrepreneur from Cologne and his partner wanted to move their centre of life permanently to Andalusia. While he continued to run his company entirely remotely, she planned to build up a freelance consulting activity from Spain.
They were looking for a generous house with a garden, several terraces and enough room for two home-office areas. The decision fell on an Andalusian-style country house in an established urbanisation above the coast.
€1,020,000 for purchase, fees and renovation together: Purchase price: 864,000 €; Additional costs: 103,700 €; Renovation: 52,300 €; Total investment: 1,020,000 €; Equity: 415,200 €; Financing required: 604,800 €.
Capital is tied up in the firm, liquidity is to be kept
A significant part of the assets was tied up in the company. Although sufficient own funds were available, as much liquidity as possible was to be preserved in order not to restrict the further business development.
At the same time, the house was to be brought up to date technically before moving in and optimally equipped for working from home.
Two separate home offices with fibre, plus kitchen and baths
The property was convincing for its location, well-kept condition and generous outdoor areas. The planned investments mainly served to improve living comfort.
Provided for were a completely new kitchen, the renewal of two bathrooms, the installation of modern sliding elements to the terrace, more energy-efficient air conditioning, additional shading on the south side and the fit-out of two independent home-office areas with a fibre-optic connection.
As all measures were defined before the contract was concluded, they were fully included in the total investment.
70% financed, liquidity stays in the business: The financing was set at around 70 % of the purchase price. This kept sufficient liquidity for the company without unnecessarily burdening the financing.
Alongside the purchase price, all acquisition costs and all intended modernisation were taken into account from the start. This meant the property could be used permanently immediately once the work was completed.
A country house with modern comfort, work goes on from Spain: After a few months, a house was created that combines the traditional architecture with modern living comfort. The buyers were able to move their centre of life to Mijas as planned and continue their professional activity entirely from Spain.
Thanks to the balanced financing, sufficient financial room for action remained at the same time.
A country house in a residential area is financed unlike a finca
Not every property with a rural character is automatically a rustic finca. If a house is in a regular residential setting, different financing options often apply than for genuine agricultural properties.
The financing should therefore always be planned on the basis of the property's actual legal and structural situation.
Andalusian country house: financing a fresh start in Mijas: Mijas combines the charm of Andalusia with an excellent quality of living and short distances to the Costa del Sol. Anyone who budgets the purchase price, additional costs and all planned modernisation together early in the overall plan — the bank loan for the purchase price, additional costs and modernisation from equity — creates the best conditions for a long-term successful new start in Spain.
A similar situation in Spain? Let's talk. Every financing in Spain is an individual case. In a free initial consultation we will tell you honestly what is feasible and which bank fits.
Anonymised individual case, not a binding statement for other projects · Brokerage under the §34i GewO licence held by Olga Nikushkina (D-W-132-ZUCB-95); Siegfried Perini registered as directly involved person (§11a GewO) · no tax or legal advice · no financing commitment; conditions depend on creditworthiness, loan-to-value and bank
Similar cases by region and price band: Cases with a comparable region and price band — for context, not a promise of the same outcome.
Modern apartment in La Cala de Mijas — case report: Anonymised case report: Modern apartment in La Cala de Mijas – Both working remotely, moving step by step. Mortgage financing for non-residents.
Frequently asked questions
Can modernisation be fully taken into account?
As a rule the Spanish bank does not co-finance modernisation — it belongs in the overall plan: equity or raising capital against German property.
Why is not all of the equity used?
Many buyers want to keep reserves for their professional activity, later investments or unforeseen expenses.
How much of the purchase price was financed for the country house in Mijas?
The financing was set at around 70 % of the purchase price. This kept sufficient liquidity for the company without unnecessarily burdening the financing.
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Content by Siegfried Perini — local brand representative since 2019, active in real estate since 1992, entered in the German intermediary register (§ 11a GewO) as a person directly involved in brokerage and advice. Point of contact for German-speaking buyers in Spain and Portugal. Brokerage by Olga Nikushkina, mortgage credit intermediary under § 34i German Trade Regulation (GewO); in Portugal through a locally licensed intermediary.