Fuerteventura property: Low-barrier instead of large, €570,500 for a bungalow in Caleta de Fuste
Anonymised case from Fuerteventura: low-barrier bungalow in Caleta de Fuste, €570,500 financed. Mortgage financing for non-residents.
Why does a low-barrier bungalow in Caleta de Fuste make everyday life easier?
A single-storey living concept makes everyday life easier and often offers more comfort in the long term. In this case the couple, with retirement in mind, focused on comfort, low maintenance costs and as few barriers as possible, and planned two barrier-free bathrooms, wider internal passageways, automatic shading systems and a low-maintenance garden design.
Bungalow €815,000, loan €570,500, equity €434,450
The purchase price of the bungalow in Caleta de Fuste was 815,000 €. The financing required was 570,500 € and the equity 434,450 €.
Adapting right after purchase avoids later building sites: If necessary adaptations are carried out directly after purchase, later building sites and additional financing needs can be avoided.
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: 815,000 €; Financing required: 570,500 €; Equity: 434,450 €.
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.
Caleta de Fuste: the right property for the coming decades: A couple from Münster had deliberately decided against a large villa. With the upcoming retirement in mind, the focus was not on the size of the property but on comfort, low maintenance costs and a home concept with as few barriers as possible.
After several stays on Fuerteventura they chose a detached bungalow in Caleta de Fuste. The proximity to the sea, short distances to the marina, shops and medical care were as convincing as the mild year-round climate.
Chief physician and pharmacist not tying up their wealth
The buyer had worked for many years as a chief physician; his wife was a pharmacist. Both had regular income and solid assets from property and capital investments.
Despite sufficient financial means, they did not want to invest their assets entirely in the property purchase. Instead, the financing was to be designed in a balanced way over the long term.
€1,004,950 total, €84,000 for step-free baths and more
The total investment was 1,004,950 €, including 105,950 € additional costs and 84,000 € renovation for barrier-free bathrooms, photovoltaics, shading and garden.
Purchase price: 815,000 €; Additional costs: 105,950 €; Renovation (barrier-free bathrooms, photovoltaics, shading and garden): 84,000 €; Total investment: 1,004,950 €; Equity: 434,450 €; Financing required: 570,500 €.
The financing share corresponded to around 70 % of the purchase price.
Step-free bathrooms, wider doorways, solar panels
The bungalow was well-kept but had to be adapted to the buyers' long-term needs.
Planned were two barrier-free bathrooms, wider internal passageways, an energy-efficient photovoltaic system, automatic shading systems and a low-maintenance garden design.
All measures were to be completed directly after purchase.
Works costed with trade firms, planned for decades: Before the purchase contract was concluded, all conversions were calculated together with specialist companies.
Deliberately, not only the current life situation was considered but also the requirements of the coming decades.
The buyers also decided to keep enough liquidity for later stages of life and not to use all of their equity.
70% financed, liquidity kept for later years: The financing was set at around 70 % of the purchase price.
The additional costs and a considerable share of equity were paid immediately from own funds.
All modernisation costs, too, were fully included in the original overall plan — covered from equity, not by the bank loan. This meant all work could be carried out directly after the transfer of ownership.
Independent living, lower energy costs
Once the modernisation was complete, a comfortable home was created that allows the buyers self-determined living over the long term.
Running energy costs were reduced by the technical improvements, while living comfort increased significantly.
The property must still fit many years from now: Anyone planning retirement should not focus solely on purchase price and location. A property that still meets personal needs many years later, and whose modernisation is planned early, is equally important.
Caleta de Fuste bungalow planned for comfort and accessibility: Buying a bungalow in Caleta de Fuste shows that property financing should always take long-term life planning into account. Anyone who thinks about comfort, energy efficiency and accessibility early creates the basis for many carefree years on Fuerteventura.
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.
Villa in Costa Teguise — case report: Anonymised case from Lanzarote: villa in Costa Teguise. Mortgage financing for non-residents.
Frequently asked questions
Why was part of the assets kept?
The buyers deliberately wanted to keep financial reserves for future developments and structure their assets in a balanced way.
How were the modernisation costs of the bungalow in Caleta de Fuste paid for?
All modernisation costs were fully included in the original overall plan and covered from equity, not by the bank loan. This meant all work could be carried out directly after the transfer of ownership.
When were the conversions of the low-barrier bungalow calculated?
Before the purchase contract was concluded, all conversions were calculated together with specialist companies. Not only the current life situation was considered but also the requirements of the coming decades.
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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.