Practical case Fuerteventura: Detached house in Corralejo – More space for family and home office
The buyers were both in their early forties. He worked as a project manager at an international technology company; she headed the HR department of a software company and worked entirely remotely.
In short
What was this case about?
The buyers were both in their early forties. He worked as a project manager at an international technology company; she headed the HR department of a software company and worked entirely remotely.
Is Corralejo suitable for families?
Many families appreciate the good infrastructure, shops, schools, leisure activities and the proximity to the famous Corralejo dunes.
Why was the photovoltaic system planned at the time of purchase?
Because it was part of the long-term living and energy-cost planning and was to be installed immediately after handover.
Who arranged this?
Perini Finance & Property — German-speaking, operating under the §34i GewO licence held by Olga Nikushkina, Portugal through a locally licensed intermediary; 15 to 20 banks approached per case. First call free; on completion 1 % of the loan amount.
€875,000 price, €612,500 loan, €474,250 own funds
- Purchase price: 875.000 €
- Financing required: 612.500 €
- Equity: 474.250 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
A permanent home rather than a classic holiday property
A couple from Hanover had originally been looking for an apartment on the Canary Islands. During several stays on Fuerteventura, however, their requirements changed. With two children, permanent home office and the wish for a garden, a detached house increasingly came into focus.
Corralejo won them over with its good infrastructure, proximity to the dunes, the ferry links to Lanzarote and the pleasant year-round climate.
Couple in their forties moving to Fuerteventura, jobs continue
The buyers were both in their early forties. He worked as a project manager at an international technology company; she headed the HR department of a software company and worked entirely remotely.
After selling an apartment in Germany, equity was available. Even so, they did not want to invest all of the sale proceeds but to keep financial reserves for the move and the new stage of life.
€1,086,750 total, €98,000 for solar and home office
- Purchase price: 875.000 €
- Additional costs: 113.750 €
- Renovation (photovoltaics, air conditioning, garden and home office): 98.000 €
- Total investment: 1.086.750 €
- Equity: 474.250 €
- Financing required: 612.500 €
The financing share corresponded to around 70 % of the purchase price.
Two studies, solar power and shading still to come
The house essentially matched the family's ideas but needed some adjustments for year-round use.
Planned were two modern studies, an energy-efficient power supply via photovoltaics, a new garden irrigation system and additional shading for the terrace and living areas.
All measures were to be completed immediately after handover.
Move and island living costs included in the plan
Before the purchase contract was concluded, all modernisation measures were calculated in detail.
In addition, a long-term household budget was drawn up which, alongside the financing costs, also took into account the move, furnishing and the ongoing living costs on Fuerteventura.
The buyers deliberately chose against a maximum use of equity in order to remain financially flexible in future.
70% from the bank, the rest and works from own funds
The financing was set at around 70 % of the purchase price.
The additional costs and part of the purchase price were paid from own funds.
All modernisation costs, too, were already part of the original financing plan. This meant all work could be carried out directly after the transfer of ownership.
House finished within months, nothing to pay afterwards
After a few months, the house was fully adapted to the family's needs.
Both parents were able to continue their work without difficulty, while the children quickly embraced everyday life on Fuerteventura as their new home.
Thanks to the early modernisation, no additional financial burdens arose after moving in.
Space and systems matter, not just the view
Anyone who wants to live permanently on an island should not choose the property based solely on location or view. Enough space for everyday life, modern technical equipment and financing that offers long-term financial security are equally important.
Frequently asked
Is Corralejo suitable for families?
Why was the photovoltaic system planned at the time of purchase?
Is financing at around 70 % of the purchase price usual?
Corralejo: financing accounts for lifestyle and cash reserves
Buying a detached house in Corralejo shows that good property financing should always consider the entire lifestyle. Anyone who uses equity deliberately, plans modernisation early and keeps enough financial reserves creates the basis for a permanent home on Fuerteventura.
More cases on this theme
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Modernisation planned in from the start
Practical case Mallorca: Family house in Alcúdia
When the sale of the previous property is part of the financing
Practical case Mallorca: Finca with guesthouse in Deià
Two generations realise their dream together
A similar situation in Spain? Let's talk.
Every financing in Spanien is an individual case. In a free initial consultation I will tell you honestly what is feasible and which bank fits.
Book a free consultationAnonymised 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
Related pages
Overview of case reports from the Canary Islands
Market analysis, loan-to-value and conditions for the region.