Costa del Sol property: apartment in Fuengirola – Bought today, moved into in four years
Anonymised case report: Apartment in Fuengirola – Bought today, moved into in four years. Mortgage financing for non-residents.
What does Fuengirola offer for an apartment: rail link, beaches and year-round life?
Fuengirola offers excellent infrastructure, a rail connection to Málaga and the airport, long beaches and numerous shopping and leisure options all year round. Shops, restaurants, medical care and miles-long beaches make the town attractive for German-speaking buyers who want to live in Spain year-round, combining urban comfort with Mediterranean quality of life.
€682,000 apartment, €36,200 for the renovation
The purchase price was 682,000 € and the renovation 36,200 €. The financing required was 463,400 € and the equity 336,600 €.
Many buyers invest in kitchens, wardrobes and bathrooms: Many buyers additionally invest in kitchens, fitted wardrobes, bathrooms or home-office solutions in order to tune the property optimally to their personal needs.
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: 682,000 €; Renovation: 36,200 €; Financing required: 463,400 €; Equity: 336,600 €.
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.
Urban living with short everyday distances: Fuengirola is one of the liveliest places to live on the Costa del Sol. The town offers excellent infrastructure with shops, restaurants, medical care, a rail connection to Málaga and miles-long beaches. For German-speaking buyers who want to live in Spain year-round in particular, Fuengirola combines urban comfort with Mediterranean quality of life.
This practical case shows how acquiring a high-quality apartment for permanent owner-occupation can be financed.
Using the flat now, moving fully to the Costa del Sol in four years
An HR manager and a mechanical engineer from Frankfurt planned to move their centre of life entirely to the Costa del Sol within the next four years. Until then, the apartment was to be used regularly, while both worked mostly from home.
They were looking for a generous apartment with two studies, a large terrace and walking distance to the beach and to the Fuengirola station.
After several viewings they chose a modern apartment in a well-kept residential complex.
€800,000 all told, €336,600 of it from own funds: Purchase price: 682,000 €; Additional costs: 81,800 €; Renovation: 36,200 €; Total investment: 800,000 €; Equity: 336,600 €; Financing required: 463,400 €.
Savings and a portfolio, part of it stays invested
The buyers had equity from savings and a well-developed securities portfolio. At the same time, they wanted to keep part of their assets deliberately invested and not put it entirely into the purchase.
In addition, the apartment was to be functionally adapted to the requirements of permanent living before moving in.
Fitted kitchen, bath, wardrobes and an acoustic home office: The property was in very good structural condition. The planned investments therefore focused on individual living quality and functionality.
Planned were a new fitted kitchen with extended work surfaces, the modernisation of a bathroom, custom-made fitted wardrobes, zone-controllable air conditioning and the conversion of a guest room into a fully equipped home office with an integrated acoustic solution.
As all measures were defined before the purchase, they could be fully included in the overall plan — covered from equity, not by the bank loan.
Loan-to-value at 68%, portfolio kept for wealth planning
The financing was set at around 68 % of the purchase price. This kept enough equity for long-term asset planning and personal reserves.
Alongside the purchase price, all additional costs and the planned modernisation were included in the overall plan from the outset — covered from equity, not by the bank loan. Additional financing measures after the acquisition were therefore not required.
A flat for work and retirement, the stays get longer: Once the work was completed, a comfortable apartment was created that meets the requirements both of the remaining working years and of the later plans for retirement.
The buyers were able to extend their stays in Spain gradually and prepare the final move over the long term.
An existing flat with a generous layout instead of a new build: In cities like Fuengirola in particular, a look at well-located existing apartments is worthwhile. They often offer more generous layouts than new builds and can be optimally adapted to one's own needs with targeted modernisation.
An early integration of these measures into the overall plan — covered from equity, not by the bank loan — ensures a reliable overall calculation.
Fuengirola apartment: a relaxed start to a new chapter of life
Fuengirola combines city life with Mediterranean flair and offers ideal conditions for a permanent residence on the Costa del Sol. An overall plan that budgets the purchase price, additional costs and all planned modernisation together — the bank loan for the purchase price, additional costs and modernisation from equity — creates the basis for a long-term relaxed start in the new chapter of life.
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.
Andalusian country house in Mijas — case report: Anonymised case from Mijas: financing an Andalusian country house for life. Mortgage financing for non-residents.
Frequently asked questions
Can these measures be financed directly?
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 equity deliberately kept?
Many buyers want to preserve financial reserves for later retirement, investments or unforeseen expenses and therefore choose a balanced financing structure.
How much of the purchase price was financed for the apartment in Fuengirola?
The financing was set at around 68 % of the purchase price. This kept enough equity for long-term asset planning and personal reserves.
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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.