Practical case Mallorca: Modern apartment in Port d'Andratx – Reaching the holiday property with 40 % equity
Both buyers jointly ran a successful company in Austria and had regular income and sufficient equity. As they did not want to burden their business reserves unnecessarily, a balanced ratio between own funds and financing was to be created.
In short
What was this case about?
Both buyers jointly ran a successful company in Austria and had regular income and sufficient equity. As they did not want to burden their business reserves unnecessarily, a balanced ratio between own funds and financing was to be created.
Is financing possible despite self-employment?
Yes. What is decisive is a traceable economic situation with meaningful income and business documents.
Why can a lower financing share be sensible?
A lower loan amount reduces the ongoing burden and increases financial flexibility.
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.
€1.18m price, €708,000 loan, €625,400 from own funds
- Purchase price: 1.180.000 €
- Financing required: 708.000 €
- Equity: 625.400 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Property for sale in Port d'Andratx: the dream of a harbour view became reality
A couple of entrepreneurs from Austria had looked at various regions on Mallorca over the years. While the north of the island won them over with its nature, it was ultimately the atmosphere of Port d'Andratx that tipped the balance. The lively harbour, the upmarket gastronomy and the proximity to the sea matched exactly their ideas of a holiday property that was later also to be used for longer stays.
After an intensive search they found a modern apartment with a large terrace and a view of the marina.
Entrepreneur couple from Austria, business funds untouched
Both buyers jointly ran a successful company in Austria and had regular income and sufficient equity. As they did not want to burden their business reserves unnecessarily, a balanced ratio between own funds and financing was to be created.
The apartment was in very good condition, so no major renovation was required at first.
€1.33m total, purchase costs paid from own funds
- Purchase price: 1.180.000 €
- Additional costs: 153.400 €
- Total investment: 1.333.400 €
- Equity: 625.400 €
- Financing required: 708.000 €
The financing share corresponded to around 60 % of the purchase price.
Showing a business owner's income clearly
Even with a high equity ratio, the income circumstances of an entrepreneurial household had to be presented traceably. Alongside the private income, business documents were also required in order to document the economic stability over the long term.
The aim was financing that left sufficient flexibility for future investments in the company.
Company, private assets and income seen as one picture
The economic situation was not assessed on the basis of individual annual accounts alone. Rather, an overall picture emerged from the company's development, private assets and regular income.
Thanks to the high use of equity, the financing requirement was significantly reduced. At the same time, enough liquidity remained to be able to make entrepreneurial decisions independently of the purchase.
60 % loan for the purchase alone, no works needed
The additional costs were paid entirely from own funds.
In addition, the buyers contributed a considerable part of the purchase price themselves. The financing covered around 60 % of the purchase price and was aligned with long-term predictability.
As no modernisation was necessary, the financing focused exclusively on the acquisition of the property.
Low monthly payment, reserves left for the company
The apartment could be taken over within the planned timeframe. Thanks to the high equity ratio, the monthly burden remained comparatively low, while at the same time enough financial reserves remained for private and entrepreneurial projects.
Today the couple uses the property regularly for longer stays on Mallorca and plans to shift their centre of life partly to the island in a few years.
Even with plenty of equity, keep reserves back
A high use of equity reduces not only the financing requirement but often creates additional financial security. Even so, not all of the available assets should flow into the purchase. Sufficient reserves remain an important part of sustainable financing planning, especially for the self-employed and entrepreneurs.
Frequently asked
Is financing possible despite self-employment?
Why can a lower financing share be sensible?
Should a property be paid for entirely from own funds?
Port d'Andratx apartment: equity used instead of a maximum loan
Acquiring an apartment in Port d'Andratx shows that solid property financing does not have to be aligned with maximum loan amounts. Anyone who uses equity in a targeted way and at the same time keeps sufficient financial reserves creates the basis for long-term security and a relaxed property purchase on Mallorca.
More cases on this theme
Practical case Costa Blanca: Villa in Calpe
When bonus payments and variable income are correctly assessed
Vilamoura: financing a villa near the golf courses
Even in the upper market segment, complete financing planning pays off.
Carvoeiro: Financing a bungalow near the coast for a permanent centre of life
Anyone who wants to live in Portugal over the long term should think about future living needs already at the property purchase.
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