Perini Finance & Property §34i GewO · Mortgages in Spain & Portugal
Case report · Gran Canaria

Practical case Gran Canaria: Villa in Meloneras – High-quality living with a view of the Atlantic

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.

Key figures

At a glance

  • 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

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 Spanien.

The wish for more quality of life rather than a classic holiday home

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.

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.

Initial situation

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.

Financing overview

  • 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.

The challenge

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.

Analysis

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.

Financing solution

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 financing. This meant the work could begin immediately after the transfer of ownership.

Outcome

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.

What other buyers can learn

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.

FAQ

Frequently asked questions

Is Meloneras suitable as a permanent residence?
Many buyers appreciate the quiet residential areas, the high-quality infrastructure and the proximity to shops, restaurants and the sea.
Why was the modernisation included in the financing from the start?
So that all work could be carried out directly after the purchase and no additional financing was required.
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.

Conclusion

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.

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Anonymised individual case, not a binding statement for other projects · Siegfried Perini, BAFA-notified for the cross-border activity of the owner Olga Nikushkina · §34i GewO · no tax or legal advice · no financing commitment; conditions depend on creditworthiness, loan-to-value and bank

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