Co-ownership in Spain: the destinations leading the trend in 2026

In 2026, Vivla makes a significant leap in its expansion strategy. The company, which began operating in premium Balearic destinations (Ibiza, Mallorca, Menorca, Formentera) and Baqueira, announces its arrival in five new destinations: Canary Islands, Asturias, Costa del Sol, Formigal and a reinforced expansion in Mallorca (source: OkDiario, February 2026).

This expansion responds to real demand. The destination posts on Vivla's blog already accumulate over 22,000 monthly impressions on Google, validating interest in second homes via co-ownership beyond the Balearics. The Spanish vacation co-ownership market has gone from luxury niche to a category with real and diversified demand.

With 125 homes targeted for 2026 and €30M revenue in 2025, Vivla is in a growth moment that makes it relevant to know each new destination's characteristics.

Formigal is the alternative to Baqueira in the Aragonese Pyrenees. Vivla already has a consolidated presence in Baqueira, and the Formigal expansion broadens the mountain portfolio with a different resort.

Double season: the great advantage

Formigal has two clear use seasons: skiing from December to April, and mountain, hiking and cycling from June to September. This solves the seasonality problem of any pure ski resort. Families buying in Formigal have natural use in two completely different seasons.

More accessible alternative to Baqueira

Formigal prices are generally more competitive than Baqueira. For families wanting quality skiing but with a tighter budget, Formigal is the ideal option.

Ideal Formigal co-owner profile

Families with skiing children from Zaragoza, Madrid and the Basque Country. Families wanting to combine ski winters with mountain summers. Profile of 35–55 years with children of 5–18 years. The most demanded property type: chalets with fireplace, slope access and group space.

Mallorca: the consolidated jewel

Mallorca is already a consolidated destination in Vivla's portfolio, with 5,969 monthly impressions for the destination blog post alone. The 2026 expansion reinforces island presence with more properties and greater zone diversity. Prices in premium areas (Pollença, Deià, Santa Ponsa, SW area) are between €4,000 and €8,000/m² and continue rising, with very active international demand from Germans, British and Swiss.

Comparative summary of Vivla destinations in 2026:

• Ibiza: €5,000–8,000/m². High season June–Sep. Direct flights. Status: active.
• Mallorca: €4,000–8,000/m². High season May–Oct. Direct flights. Status: active and expanding.
• Menorca: €3,500–6,000/m². High season June–Sep. Seasonal flights. Status: active.
• Baqueira/Pyrenees: €4,000–7,000/m². Double season (Dec–Apr / Jun–Sep). Car/train. Status: active.
• Costa del Sol: €3,500–6,000/m². May–Oct, plus year-round sun (>320 days). Direct flights to Málaga. Status: 2026 expansion.
• Canary Islands: €2,500–4,500/m². Year-round. Direct flights. Status: 2026 expansion.
• Asturias/Cantabria: €1,500–3,000/m². June–Sep. Plane or car. Status: 2026 expansion.
• Formigal: €2,500–4,500/m². Double season. Car/Zaragoza. Status: coming soon.

With so many options, how to decide? These are the key questions:

Sea or mountain?

If your use is mainly summery and you enjoy the sea, any coastal destination works. If skiing is an important motivation or you prefer a cooler climate, Baqueira or Formigal are the options. If you want maximum use flexibility and have no clear preference, the Canary Islands or Costa del Sol (year-round climate) offer the highest use return.

Seasonal or year-round?

Seasonal-use destinations (Asturias, Balearics) have more competitive prices but more limited use windows. Extended-use destinations (Canary Islands, Costa del Sol) maximise available use weeks.

What's your budget?

Shares in the Canary Islands and Asturias are more accessible than in the Balearics. If your budget is tighter, these destinations offer access to quality properties at a lower entry price. If your budget allows premium destinations, Ibiza or Mallorca have the best historical appreciation.

With or without children?

With small children: beach, pool, services, easy access. Mallorca, Canary Islands or Costa del Sol. With older skiing children: Baqueira or Formigal. Without children or with adult children: Ibiza, Asturias (gastronomy) or Costa del Sol (golf) may fit better.

Want to see the available properties in each destination? Visit vivla.com/listings and filter by your favourite destination.

Q: When is the best time to go to the Canary Islands in co-ownership?

A: The Canary Islands are excellent year-round, but winter (November–March) is the most valued season for Northern Europeans. That's when the climate contrast with the origin is greatest and use demand is highest. In summer it's also pleasant but not as different from continental Europe.

Q: What property type does Vivla have in Asturias?

A: The Asturian portfolio includes rehabilitated mansions and farmhouses inland and modern villas on the coast. The style is more rural and authentic than in the Balearics, aligned with the profile of the tourist who chooses Asturias for nature and gastronomy.

Q: Is Formigal worth it if I only ski?

A: If you only ski, real use will be 2–4 weeks in season. To maximise the value of co-ownership in Formigal, the ideal is to combine winter skiing with at least a couple of summer mountain weeks. Double use turns Formigal into a much more efficient investment.

Q: Which destination has the best historical appreciation?

A: The Balearics (Ibiza and Mallorca) have the best appreciation history in Spain, with 8–10% annual growth in the recent cycle. The Costa del Sol has shown similar growth in the last 2–3 years. The Canary Islands are in an acceleration phase. For proven historical appreciation, the Balearics are the reference.