Gran Canaria property: income from an owner-run IT company, €1,155,000 for Meloneras
A couple from Munich had travelled to various regions of Spain over many years. Only on Gran Canaria did they feel they had found the right place for the next chapter of life. Meloneras in particular won them over with its well-kept residential areas, proximity to the sea, the promenade and the mild year-round climate.
How is modernisation of a villa in Meloneras funded outside the Spanish bank loan?
As a rule the Spanish bank does not co-finance modernisation, so it is funded from equity or by raising capital against German property. It belongs in the overall plan from the start, so that all work can be carried out directly after the purchase. We arrange the financing and approach 30+ banks per case. The first call is free.
Key figures: Villa at €1,650,000, loan €1,155,000
- Purchase price: 1,650,000 €
- Financing required: 1,155,000 €
- Equity: 864,500 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Property for sale in Meloneras, Gran Canaria
After several viewings the two chose a modern villa with a pool in a quiet residential setting. The house was not to serve as a holiday property but to become the main residence in the long term.
Entrepreneur couple going location-independent: The buyer owned a mid-sized IT company; his wife worked as an auditor. Both planned to continue their professional activity location-independently over the coming years.
In addition to a debt-free home in Germany, they had liquid funds and a securities portfolio. The aim was to contribute enough equity while keeping financial reserves for future investments.
€2,019,500 total, €155,000 for solar and technology
The total investment of 2,019,500 € consists of the purchase price of 1,650,000 €, additional costs of 214,500 € and 155,000 € for photovoltaics, pool technology, outdoor kitchen and smart home.
Purchase price: 1,650,000 €; Additional costs: 214,500 €; Renovation (photovoltaics, pool technology, outdoor kitchen and smart home): 155,000 €; Total investment: 2,019,500 €; Equity: 864,500 €; Financing required: 1,155,000 €.
The financing share corresponded to around 70 % of the purchase price.
Young villa to get solar, battery storage and smart home: Although the villa was only a few years old, the buyers wanted to develop it further technically and in terms of energy efficiency. Planned were a powerful photovoltaic system with battery storage, intelligent building control, a modern outdoor kitchen and the renewal of the pool technology.
In addition, the financing was to leave enough room in case their professional situation changed in a few years.
Spending mapped before signing, wealth kept in balance
Before the purchase contract was concluded, all planned investments were recorded in detail and calculated together with the purchase price and additional costs.
A long-term household budget then followed, taking different income developments into account.
The buyers deliberately chose against a maximum use of equity in order to keep their asset structure balanced.
70% financed, equity input deliberately capped
The financing was set at around 70 % of the purchase price.
The additional costs and a considerable share of equity were covered from existing funds.
All planned modernisation measures were already taken into account in the original overall plan — covered from equity, not by the bank loan. This meant the work could begin immediately after the transfer of ownership.
Systems renewed, energy costs down, full move in preparation: After a few months, the villa fully matched the buyers' ideas. The technical equipment was brought up to date, while running energy costs were significantly reduced.
Today the buyers spend most of the year in Meloneras and are preparing their complete move to the island.
Even high-end houses gain from targeted modernisation
High-quality homes, too, often benefit from targeted modernisation. Anyone who plans these fully before the purchase and aligns their financing for the long term creates planning certainty and avoids later surprises.
Meloneras: villa financing links asset planning and future goals: Buying a villa in Meloneras shows that property financing should do more than simply enable the acquisition of a property. A long-term strategy that sensibly combines modernisation, asset planning and personal future goals is equally important. This creates a solid basis for the new centre of life on Gran Canaria.
Similar cases by region and price band: Cases with a comparable region and price band — for context, not a promise of the same outcome.
Apartment in Playa del Inglés — case report: Anonymised case from Gran Canaria: apartment in Playa del Inglés. Mortgage financing for non-residents.
Frequently asked questions
Should existing assets be used in full?
Not necessarily. A balanced asset structure with sufficient reserves can offer more financial flexibility in the long term.
Which modernisation was planned for the villa in Meloneras?
Planned were a powerful photovoltaic system with battery storage, intelligent building control, a modern outdoor kitchen and the renewal of the pool technology. Although the villa was only a few years old, the buyers wanted to develop it further technically and in terms of energy efficiency.
What share of the purchase price was financed for the villa in Meloneras?
The financing was set at around 70 % of the purchase price, with 1,155,000 € financing required. The additional costs and a considerable share of equity were covered from existing funds.
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.
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
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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.