co-ownership
·
June 25, 2026
·
Four platforms sell the same headline: own a luxury second home for a fraction of the price, and skip the responsibilities that come with it. They are not interchangeable. They sit in different countries, use different legal vehicles, and start at very different prices.
The deciding variable is not the brand. It is where your home will be, how you want to own it, and how much you are ready to commit. A 1/8 share runs from roughly €90,000 with one platform to €365,000 with another, and your legal title can be a Spanish deed, an American LLC or a German land-registry entry. Get those three facts straight. The choice narrows fast.
This comparison maps VIVLA, Pacaso, Myne and August against five objective criteria. Every figure is public or labelled as of the close of May 2026. No scoring, no "best platform" verdict — the conclusions are yours to draw.
TL;DR: which one fits you, in four lines
The short version, one line per platform, before the detail:
Methodology: how this comparison was built
Five criteria, no subjective rating. Each platform is measured on the same axes: geographic coverage (where the homes actually are), entry ticket (the cheapest share), legal ownership model (the vehicle that holds your title), included services, and platform maturity. Sources are public: company sites, press coverage and industry trackers, plus Spanish outlets idealista and elEconomista. Figures that move quarterly, such as ticket bands and home counts, are flagged. The aim is not to crown a winner. It is to match each model to the buyer it was designed for.
The comparison table (read this first)
Ten data points across all four platforms, as of the close of May 2026. Use it as a filter.
CriterionVIVLAPacasoMyneAugustHeadquartersSpainSan Francisco, USBerlin, DELondon, UKFounded2022202020212018CoverageSpain only~40 markets (US, EU, MX)7–9 EU countriesFR, IT, UK, ESEntry ticketfrom ~€90,000from ~$200,000from ~€99,000from ~€365,000Ownership modelSpanish deed (CC 392–406)Dedicated LLC per homeKG + land registryShare in portfolio co.Fraction1/8–1/2 (~6 wks/yr)1/8–1/2 (~44 nights)from 1/8~1/21 of five homesHomes / scaleScaling ES portfolio (>€100M AUM)1,500+ co-owners7–9 countries~70 homes, 570+ ownersResalePrivate / VIVLA / buy-back; ~10% appr.Via Pacaso (1-yr hold)At market valueAugust sources buyerLanguagesSpanish + multilingualEnglish-firstDE / EN / ESEnglish-firstOperates in SpainYesYes (Marbella, Ibiza)Yes (Mallorca, Ibiza)Yes (Mallorca, BCN)
The four platforms in detail
VIVLA: when it is the right fit
VIVLA fits when your home is in Spain and you want the whole thing handled in Spanish. It is the first premium co-ownership company in Spain, founded in 2022 by Carlos Gómez, Carlos Floria and Iván Rodríguez, and the best-funded of its category in Europe after a €26 million round led by Samaipata. The legal model was built by Garrigues, so you sign a notarial deed and become the registered owner of a fraction — not the holder of a use-right, as in timeshare.
Each home is split into a maximum of eight fractions. One eighth gives you about six weeks a year, two of them in high season, and you can purchase 1/8 to 1/2. Active destinations span the Balearics (Ibiza, Menorca), the Costa Blanca and Costa del Sol, Cádiz and Madrid, and ski resorts such as Baqueira. New destinations are announced for 2026 (idealista, February 2026). Tickets run from roughly €90,000 to €300,000, on homes valued between €750,000 and €2.5 million. Running costs are 1.5 to 2% a year — about €200 monthly per €100,000 fraction. The wrong fit is simple. If your target is outside Spain, VIVLA does not cover France, Italy or the Alps. Look elsewhere.
Pacaso: the American pioneer, now in Spain too
Pacaso is the name that made co-ownership mainstream. Founded in October 2020 in San Francisco by ex-Zillow executives Austin Allison and Spencer Rascoff, it reached a $1 billion valuation within six months. Since then it has transacted close to $1 billion across roughly 40 markets, with more than 1,500 co-owners. The scale is real.
One correction matters, because the misconception is widespread: Pacaso does operate in Spain. It entered Europe through Marbella in November 2021 and now lists homes in Spain including Ibiza and the Costa del Sol. The model places each home in a dedicated LLC and distributes 1/8 to 1/2 shares among up to eight owners. It charges a 12% service fee plus monthly management. A 1/8 share gives about 44 nights a year, with a one-year minimum hold. Shares start near $200,000. The real difference against a Spanish operator is the vehicle. You own a slice of an American-style LLC, not a Spanish deed directly.
Myne: the broadest European map, lowest entry
Myne, based in Berlin and founded in 2021, has the widest European spread of the group. Its homes sit across seven to nine countries: Germany, Austria, Italy, Spain (Mallorca, Ibiza, Tenerife, the Costa del Sol), Portugal, France, England, Croatia and Sweden. It acquired German rival Villa Circle and calls itself Europe's market leader in managed co-ownership. Entry is the lowest here, from about €99,000, for homes that range past €800,000 in value.
Ownership is held through a KG structure with entry in the local land register, so you are a registered co-owner — not a use-right holder. A holiday-exchange programme lets you swap stays between Myne properties: a Mallorca finca one season, an Alpine chalet the next. If you are drawn to mountain destinations or want a pan-European footprint, Myne covers ground the Spain-only platforms do not.
August: co-own a portfolio of five homes
August works differently from everyone else on this list. Founded in 2018 in London by Mélie Dunod and Nicolai Watzenig. It does not sell one house. You buy into a collection of five homes in different destinations, typically a 1/21 share, and you can stay across all of them. It manages about 70 homes in 19 portfolios for 570-plus co-owners, at roughly 80% occupancy.
Coverage spans France (Riviera, Alps), Italy (Tuscany, Rome), the UK (Cotswolds, London) and Spain (Mallorca, Barcelona). Shares start around €365,000 for the Pied à Terre city collection, €435,000 for the Signature villas and €1.8 million for the Prime tier. Homes average €1.5 million each. You hold real title, and August sources the next buyer when you sell. It suits a buyer who wants five destinations, not one, with the budget to match.
Five questions to choose between them
Run your situation through these five and the field sorts itself:
What these platforms share, and why the model works
Strip away borders and prices, and the four platforms still make the same case that has reshaped the Spanish market. A second home in Southern Europe sits empty most of the year; by one estimate there are 18 million such homes used only about 15% of the time. Paying 100% for 15% use is the problem co-ownership solves.
The market has validated that case with capital — not just marketing. Pacaso has raised more than $300 million and transacted close to $1 billion. VIVLA closed €26 million and reports about 10% average appreciation on resold fractions. August serves 570-plus co-owners at 80% occupancy. That is the real shift. The question for a serious buyer is no longer "is this model safe?" but "which version of it fits my home, my language and my budget?"
Frequently asked questions
What is the difference between VIVLA and Pacaso? Both sell managed fractions through fractional ownership, and both operate in Spain. The core difference is the vehicle and the operation: VIVLA gives you a Spanish notarial deed and runs locally in Spanish, while Pacaso places the home in an American-style LLC. VIVLA is Spain-only; Pacaso spans about 40 markets worldwide.
Which co-ownership companies operate in Spain? All four platforms here have Spanish homes: VIVLA (Spain-only), Pacaso (Marbella, Ibiza, Costa del Sol), Myne (Mallorca, Ibiza, Tenerife) and August (Mallorca, Barcelona).
How much does it cost to enter each platform? The cheapest typical share is roughly €90,000 with VIVLA, €99,000 with Myne, around $200,000 with Pacaso, and €365,000 with August.
Which one is the most reliable? Reliability tracks maturity and funding more than marketing. Pacaso is the largest by transactions, August has the longest track record since 2018, and VIVLA is the best-funded in its Spanish category. Check independent reviews on Trustpilot and confirm the legal structure before you sign your paperwork.
Can you use more than one platform? Yes. Nothing stops you owning a VIVLA fraction in Mallorca and a Myne share in the Alps. Each share is a separate asset with its own deed, costs and resale path; treat each of your purchases on its own numbers.
This article is for general information and reflects public data as of the close of May 2026. Tickets, coverage and company status change, so confirm current terms directly with each platform before any purchase.
