Portfolio kept invested, not sold: €1.04m for a penthouse in Portocolom
Anonymised case from Mallorca: penthouse in Portocolom for €1.04m, securities portfolio kept invested, not sold. Mortgage financing for non-residents.
Does it make sense to keep a portfolio invested instead of selling it for a penthouse in Portocolom?
That depends on the personal asset strategy; in many cases it can make sense to leave long-term investments in place as far as possible. In this case the buyers wanted to avoid larger securities sales, so equity was deployed in a targeted way and the loan was around 66 % of the purchase price.
In short
All work could be carried out immediately after the transfer of ownership, without creating an additional financing requirement later. The financing was arranged by Perini Finance & Property.
Work done right after transfer, no later loan need: All work could be carried out immediately after the transfer of ownership, without creating an additional financing requirement later.
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.
€1.58m penthouse, €1.04m loan, 66 % of the price financed
A couple from Munich bought a modern penthouse in Portocolom for €1,580,000, with financing of €1,042,000 and equity of €838,400. The financing share corresponded to around 66 % of the purchase price.
Purchase price: 1,580,000 €; Financing required: 1,042,000 €; Equity: 838,400 €.
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.
A penthouse in Portocolom: why asset planning can matter more than maximum equity: A couple from Munich had spent several weeks a year on the east coast of Mallorca for many years. Portocolom in particular had won them over – the natural harbour, the promenade and the relaxed atmosphere differed noticeably from the island's larger resorts.
When a modern penthouse with a large roof terrace and a view of the harbour came up for sale, they wanted to act quickly. Although sufficient wealth was available, the securities portfolio was to remain as untouched as possible.
The portfolio has done well and should stay invested
Both buyers were in their late 50s and had high incomes as well as a portfolio built up over many years with broadly diversified investments. Performance had developed very positively, which is why they wanted to avoid larger sales.
Instead, the available equity was to be deployed in a targeted way, without unnecessarily liquidating long-term investments.
€1.88m total, €95,000 for kitchen, cooling and terrace: Purchase price: 1,580,000 €; Additional costs: 205,400 €; Renovation (kitchen, air conditioning and terrace design): 95,000 €; Total investment: 1,880,400 €; Equity: 838,400 €; Financing required: 1,042,000 €.
The financing share corresponded to around 66 % of the purchase price.
Buying without selling any securities: The buyers wanted to avoid selling larger parts of their securities assets. At the same time, the financing was to remain economically sensible and preserve sufficient liquidity for future investments.
The planned renovations were also to be carried out immediately after handover.
Not the size of the assets mattered, but how they were used
First, the entire asset structure was examined together. It quickly became clear that the size of the wealth was not decisive, but rather its sensible deployment.
Through the targeted use of equity, the acquisition costs could be covered entirely while sufficient reserves were retained. The planned renovation measures were fully calculated before the contract was signed.
66 % loan, fees and works covered from own funds: The financing was built on around 66 % of the purchase price.
The available equity covered all additional costs as well as a considerable part of the purchase price. The renovation costs were integrated into the total investment from the outset.
As a result, no subsequent financing solutions had to be sought, and the securities assets could largely remain invested.
New roof terrace and kitchen, wealth plan unchanged: After the renovation was completed, the penthouse fully matched the buyers' expectations. The generous roof terrace was redesigned, the kitchen modernised and the building services brought up to date.
At the same time, the long-term asset plan remained almost unchanged.
Long-term investments need not be cashed in
Many property buyers have considerable assets that are invested for the long term. It is not always sensible to liquidate these entirely. A balanced combination of equity and financing is often the more sustainable solution economically.
Penthouse in Portocolom: equity used wisely, investments preserved: The purchase of a penthouse in Portocolom shows that property financing should always be part of overall asset planning. Anyone who deploys equity deliberately, preserves long-term investments and realistically accounts for all investments from the outset creates the basis for durable financing and a relaxed start to life on Mallorca.
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
Modern apartment in Port d'Andratx — case report: Anonymised case from Mallorca: modern apartment in Port d'Andratx. Mortgage financing for non-residents.
Frequently asked questions
Does an equity ratio of over 30 % make sense?
A higher equity ratio can make the financing more stable and at the same time reduce the monthly burden.
Which renovations were carried out in the penthouse in Portocolom?
The generous roof terrace was redesigned, the kitchen modernised and the building services brought up to date. All work could be carried out immediately after the transfer of ownership.
How were the additional costs of the penthouse purchase covered without larger securities sales?
The available equity covered all additional costs as well as a considerable part of the purchase price. As a result, no subsequent financing solutions had to be sought, and the securities assets could largely remain invested.
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.
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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.