Modern apartment in La Cala de Mijas – Both working remotely, moving step by step
Anonymised case report: Modern apartment in La Cala de Mijas – Both working remotely, moving step by step. Mortgage financing for non-residents.
What makes a modern apartment in La Cala de Mijas attractive for beach, infrastructure and location?
The place combines short distances to the beach, very good infrastructure, year-round life and a central location between Marbella and Málaga. The couple here chose a modern apartment near the beach promenade. The loan was €511,800, about 65 percent of the €786,000 purchase price, and the €39,700 of modernisation was covered from equity.
In short
As a rule the Spanish bank does not co-finance modernisation. It belongs in the overall plan, from equity or by raising capital against German property.
Spanish bank loan leaves modernisation to the overall plan: As a rule the Spanish bank does not co-finance modernisation — it belongs in the overall plan: equity or raising capital against German property.
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.
€786,000 price, €511,800 loan, €408,200 equity
The purchase price was 786,000 € and the renovation 39,700 €. The financing required was 511,800 € and the equity 408,200 €.
Purchase price: 786,000 €; Renovation: 39,700 €; Financing required: 511,800 €; Equity: 408,200 €.
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.
Property for sale in La Cala de Mijas, Costa del Sol: La Cala de Mijas has developed in recent years into one of the most sought-after places to live on the Costa del Sol. Despite the positive development, the place has preserved its relaxed character. Shops, restaurants, medical care and the beach promenade are conveniently reachable, while Málaga and Marbella are a short drive away.
For many German-speaking buyers, La Cala de Mijas is therefore an ideal location for a permanent centre of life.
Two remote workers from NRW preparing their move
A married couple from North Rhine-Westphalia, she a management consultant, he an IT project manager, wanted to prepare their move to Spain gradually. Both worked mostly remotely and planned to relocate entirely to the Costa del Sol in a few years.
They were looking for a generous apartment with a large terrace, a lift, an underground parking space and enough room for two separate work areas. After an intensive search they found a modern apartment in a well-kept residential complex near the beach promenade.
The purchase in figures: €920,000 total investment: Purchase price: 786,000 €; Additional costs: 94,300 €; Renovation: 39,700 €; Total investment: 920,000 €; Equity: 408,200 €; Financing required: 511,800 €.
Portfolio keeps running, flat made ready before moving in: The equity consisted of savings and a securities portfolio built up over the long term. The buyers, however, deliberately wanted to keep a considerable part of their assets invested in order to preserve financial flexibility for later retirement.
In addition, the apartment was to be adapted to the requirements of a permanent residence before moving in.
Kitchen, bath, fitted wardrobes and a proper home office
The property was technically in good condition. The planned investments therefore mainly served individual equipment and better everyday practicality.
Provided for were a new fitted kitchen with additional storage, the modernisation of a bathroom, custom-made fitted wardrobes in the bedroom, zone-controllable air conditioning and the conversion of a room into a full home office with integrated storage solutions.
As all measures were defined before the purchase, they were fully included in the total investment.
65% of the price financed, the monthly payment stays low: The financing was set at around 65 % of the purchase price. This kept enough equity available without unnecessarily increasing the monthly burden.
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 no later top-up financing was required.
Stays in Spain can be extended little by little: Once the work was completed, a comfortable apartment was created that meets the requirements both of ongoing professional activity and of the long-term plans for retirement.
The buyers were able to expand their stays in Spain gradually while preserving their financial flexibility.
Works from equity, the bank loan for the price
La Cala de Mijas offers not only an attractive coastal location but also excellent conditions for year-round living. Anyone who realistically calculates individual adaptations already at the purchase and integrates them into the overall plan — covered from equity, not by the bank loan — creates a robust overall calculation from the start.
For a planned centre of life in Spain in particular, this forward-looking planning pays off.
La Cala de Mijas apartment: short distances, a secure basis: La Cala de Mijas combines a Mediterranean feel of life with excellent infrastructure and short everyday distances. 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 secure and comfortable centre of life on the Costa del Sol.
Similar cases by region and price band: Cases with a comparable region and price band — for context, not a promise of the same outcome.
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
Apartment in Fuengirola — case report: Anonymised case report: Apartment in Fuengirola – Bought today, moved into in four years. Mortgage financing for non-residents.
Frequently asked questions
Why is financing used despite sufficient equity?
Many buyers want to preserve their asset structure and keep financial reserves for later retirement or other investments.
Which properties are especially in demand in La Cala de Mijas?
Modern apartments, penthouses, terraced houses and detached houses in beachside residential locations are among the most popular properties for permanent owner-occupation.
Which modernisation was planned for the apartment in La Cala de Mijas?
Provided for were a new fitted kitchen with additional storage, the modernisation of a bathroom, custom-made fitted wardrobes in the bedroom, zone-controllable air conditioning and the conversion of a room into a full home office. As all measures were defined before the purchase, they were fully included in the total investment.
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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.