City apartment in Málaga – A pension as the load-bearing income
A professor and a corporate lawyer from Berlin planned to move their centre of life permanently to Málaga after entering retirement. Both appreciated the cultural offering, the good medical care and the ability to organise everyday life without a car.
In short
What was this case about?
A professor and a corporate lawyer from Berlin planned to move their centre of life permanently to Málaga after entering retirement. Both appreciated the cultural offering, the good medical care and the ability to organise everyday life without a car.
Why is Málaga especially attractive for owner-occupiers?
The city offers excellent infrastructure, an international airport, a wide cultural offering, modern healthcare and short everyday distances.
Can comfort measures also be part of the financing?
As a rule the Spanish bank does not co-finance modernisation — it belongs in the overall plan: equity or raising capital against German property.
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.
€768,000 flat, €522,000 loan — the figures in brief
- Purchase price: 768.000 €
- Renovation: 39.800 €
- Financing required: 522.000 €
- Equity: 378.000 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Property for sale in Málaga: urban life with Mediterranean flair
Málaga has developed in recent years into one of the most attractive cities in Spain. The combination of a historic old town, modern infrastructure, an international airport, a cultural offering and the immediate proximity to the sea makes the provincial capital a popular place to live for German-speaking owner-occupiers.
This practical case shows how acquiring a high-quality city apartment for permanent owner-occupation can be financed.
A professor and a lawyer want to live car-free in Málaga
A professor and a corporate lawyer from Berlin planned to move their centre of life permanently to Málaga after entering retirement. Both appreciated the cultural offering, the good medical care and the ability to organise everyday life without a car.
After a longer search they chose a generous apartment in a high-quality refurbished building near the old town. The central location, the lift and the walking distance to shops, restaurants and cultural institutions were particularly convincing.
€900,000 in total, €522,000 of it from the bank
- Purchase price: 768.000 €
- Additional costs: 92.200 €
- Renovation: 39.800 €
- Total investment: 900.000 €
- Equity: 378.000 €
- Financing required: 522.000 €
A mortgage-free home in Germany, the portfolio untouched
The buyers had a debt-free home in Germany and extensive securities investments. Even so, not all of the available capital was to flow into the Spanish property, in order to remain flexible in retirement too.
In addition, the apartment was to be further improved functionally and energetically before moving in.
Kitchen, bath, soundproof windows and library built-ins
The apartment was in very good condition. The planned investments mainly served individual use and an optimisation of living comfort.
Planned were a new kitchen with ergonomic planning, the modernisation of a bathroom, the installation of additional soundproof windows to the courtyard, zone-controlled air conditioning and custom-made fitted furniture for a library and work area.
As all measures were defined before the contract was concluded, they could be fully included in the overall plan — covered from equity, not by the bank loan.
68% of the price financed, the equity is preserved
The financing was set at around 68 % of the purchase price. This kept enough equity, while at the same time creating a balanced long-term financing structure.
Alongside the purchase price, all additional costs and all planned modernisation measures were included in the overall plan from the outset — covered from equity, not by the bank loan. This meant the apartment could be occupied permanently immediately after the work was completed.
A home in central Málaga, reserves for travel remain
Once the modernisation was complete, a comfortable residence was created in the middle of Málaga that enables the buyers a largely car-free life with short distances.
The financing remained calculable over the long term and at the same time left enough financial reserves for travel and personal projects.
City-centre flat: adaptations belong in the purchase maths
City-centre apartments are often convincing for their location and character. At the same time, individual adaptations and technical improvements should be realistically planned in already at the purchase.
Anyone who calculates the purchase price, additional costs and modernisation together creates a solid basis for a permanent move to Spain.
Frequently asked
Why is Málaga especially attractive for owner-occupiers?
Can comfort measures also be part of the financing?
Why is financing used despite high assets?
Which properties are especially in demand in Málaga?
City apartment in Málaga: full planning for urban living
Málaga combines urban life, a Mediterranean climate and excellent infrastructure like hardly any other city on the Costa del Sol. An overall plan that budgets the purchase price, additional costs and all planned modernisation together already at the acquisition — the bank loan for the purchase price, additional costs and modernisation from equity — creates the basis for a long-term comfortable centre of life in Spain.
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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