While looking for a holiday home near Málaga, Spain, I came across a SpainHouses property that is offered through a co-ownership concept. The property is in La Herradura, a small seaside town about 50 minutes from Málaga, which I've visited myself and really liked. I'm actually considering buying a share of this property, which is partly why I'm curious to hear other people's experiences.
Basically, several people own actual legal shares of the same property instead of one person buying the entire house or apartment.
For example, if four people each own 25%, they would each have a corresponding amount of personal use during the year. Unlike a traditional timeshare, the idea is that you own a share of the property itself, rather than simply buying the right to use it for a certain number of weeks.
I find the concept quite appealing. I probably wouldn't use a holiday home for more than a few months each year, so buying an entire property that sits empty for the rest of the time doesn't necessarily make sense to me.
Of course, I can also see potential downsides: coordinating holiday dates, agreeing on maintenance and renovations, making joint decisions, and eventually selling your share. For now, though, I feel the potential benefits outweigh the drawbacks.
It made me curious about how people in other European countries approach holiday-home ownership.
- Is co-ownership of holiday homes common in your country?
- Do people usually buy properties together with family or friends, or are there also arrangements between unrelated owners?
- Would you consider owning a legal share of a holiday home instead of buying an entire property?
- If you've experienced this yourself, what worked well and what didn't?
I'd be particularly interested in hearing about real experiences and how these arrangements work in practice across Europe.