Tenerife property: After ten-plus years of holidays, €626,500 loan in Playa de las Américas
Anonymised case from Tenerife: apartment in Playa de las Américas after ten-plus years of holidays, €626,500 loan. Mortgage financing for non-residents.
Does Playa de las Américas offer good infrastructure for longer or permanent stays?
Yes, besides tourist offerings, many buyers also find good infrastructure there for longer or permanent stays. Whether the place suits one's own lifestyle depends on personal preferences. In this case the couple, who had spent time on Tenerife regularly for more than ten years, chose the apartment for the excellent infrastructure and the proximity to the promenade.
€895,000 purchase price, €626,500 financing need
The purchase price of the apartment in Playa de las Américas was 895,000 €. The financing required was 626,500 € and the equity 478,850 €.
Work done after transfer, no later financing decisions: All work could be carried out directly after the transfer of ownership, without having to make additional financing decisions later.
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: 895,000 €; Financing required: 626,500 €; Equity: 478,850 €.
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.
Playa de las Américas: a place that became more familiar over the years: A couple from Karlsruhe had spent time on Tenerife regularly for more than ten years. At first classic holidays were the focus; later the stays became ever longer. With each visit the wish grew to shift everyday life to the island permanently.
After several viewings they chose a generous apartment in Playa de las Américas. Decisive were the excellent infrastructure, the proximity to the promenade and the ability to reach all important everyday amenities conveniently.
A working couple preparing their move to Tenerife
The buyer was managing director of a software company; his wife worked as a tax adviser. Both planned to reduce their professional activity gradually over the coming years and to work mainly from Tenerife.
The existing equity had been built up over many years. At the same time, sufficient liquidity was to remain available for future investments and private reserves.
€1,105,350 in total, 70% of the price financed
The total investment was 1,105,350 €, including 116,350 € additional costs and 94,000 € renovation. The financing share corresponded to around 70 % of the purchase price.
Purchase price: 895,000 €; Additional costs: 116,350 €; Renovation (kitchen, bathrooms, air conditioning and terrace design): 94,000 €; Total investment: 1,105,350 €; Equity: 478,850 €; Financing required: 626,500 €.
The financing share corresponded to around 70 % of the purchase price.
Kitchen, baths and terrace redone before first use
The apartment had an excellent location but did not match the buyers' ideas in terms of design.
Planned were an open-plan kitchen, modern bathrooms, energy-efficient air-conditioning units and a complete redesign of the generous terrace with wind-protected seating areas.
All work was to be completed before the apartment was used regularly.
Planned for today's income and for retirement later: Even before the contract was concluded, all modernisation measures were calculated in detail.
In addition, a financing plan was drawn up that took into account both the current income situation and the later transition into retirement.
Through the targeted use of equity, enough financial scope remained for future changes.
70% loan; fees and refurbishment from own funds: The financing was set at around 70 % of the purchase price.
The additional costs and a considerable part of the purchase price were covered from own funds.
All modernisation costs were already included in the overall plan from the outset — covered from equity, not by the bank loan. This meant the apartment could be modernised immediately after handover.
Used several months a year, the move in preparation: Today the buyers use their apartment for several months a year and are preparing their permanent move to Tenerife at their leisure.
The property already fully matches their ideas, so no further major investment will be necessary in the coming years.
Buying early leaves time to adapt and to settle in
Anyone planning a later centre of life abroad often benefits from acquiring the property early. This leaves enough time to adapt the home to their own wishes and to get to know the region intensively.
Playa de las Américas apartment: a life plan as the basis for financing: Buying an apartment in Playa de las Américas shows that good property financing should always consider the entire life plan. Anyone who combines purchase price, modernisation and long-term future goals creates a solid basis for a later centre of life on Tenerife.
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.
Exclusive villa in Costa Adeje — case report: Anonymised case from Tenerife: exclusive villa in Costa Adeje. Mortgage financing for non-residents.
Frequently asked questions
Why was not all of the equity used?
The buyers wanted to keep financial reserves and structure their assets in a balanced way over the long term.
Which modernisation was planned for the apartment in Playa de las Américas?
Planned were an open-plan kitchen, modern bathrooms, energy-efficient air-conditioning units and a complete redesign of the generous terrace with wind-protected seating areas. All work was to be completed before the apartment was used regularly.
Why can it help to buy the property early when planning a later centre of life on Tenerife?
Anyone planning a later centre of life abroad often benefits from acquiring the property early. This leaves enough time to adapt the home to their own wishes and to get to know the region intensively.
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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.