Co-ownership
Before you sign
Buying a whole second home ties up a large amount of capital for a handful of weeks a year. Co-ownership turns that around: you buy the share you will actually use and split everything else with seven other families.
What you actually buy
At VIVLA every home is divided into eight shares. One share is 1/8 of the property and gives you around six weeks a year, spread across high, mid and low season. You can see them all in our list of homes and book a visit whenever you like.
- A notarised deed, with your name on the land registry.
- One company per home, debt free, with accounts audited every year.
- Fixed costs split eight ways: service charges, insurance, utilities and council tax.
- Maintenance, cleaning and replacements included in the monthly fee.
How the weeks are shared
The calendar opens in October for the following year and rotates each season, so no family always gets the same dates. Weeks you will not use can be exchanged with other homes in the network, subject to availability.
- You pick your high-season weeks in rotating order.
- You book mid and low season two months ahead.
- You release the weeks you will not use so another co-owner can take them.
What happens if you want to sell
Your share is yours and you can sell it whenever you want, like any other property. We help with the valuation and the paperwork, and the other co-owners have thirty days of first refusal.
Spanish mortgage law (Ley 5/2019) is worth reading before you sign: the consolidated text is on the BOE.
Before you decide
We talk to every family before they reserve, with no commitment. If you would rather read first, how it works walks through the whole process, from the first call to the keys.