What is fractional ownership?

The traditional concept of ownership has given way to new, redefined models of owning assets. The strong development of a sharing economy and the need for flexibility — paying for what we really need, not for what we rarely use — make fractional ownership a very sensible option.

Ownership has existed since the beginning of humankind. Ever since the first group of humans set foot on Earth, they felt in possession of homes, food, pets, fire, you name it. It's just a basic instinct. With time, homes became one of the most important assets: they provided safety and a sense of attainment.

In recent years, the old concept of ownership has evolved into new models — one of them being fractional ownership. Also known as co-owning or shared ownership, it offers a more flexible alternative to having and enjoying assets, especially those that are not essential but can provide a better quality of life and make us feel more fulfilled.

Let us talk to you about how the concept of ownership has evolved, how the sharing economy has influenced it, the basic idea behind fractional ownership, and what alternatives fractional home ownership offers to people who really want to buy a second home but don't see full purchase as a cost-effective option yet.

When it comes to vacation homes, fractional home ownership makes even more sense. Why would you fully own a place, pay all its maintenance costs and repairs, and deal with financing it, when you know you will use it just a few weeks a year?

At VIVLA, buying a home means being the happy owner of a spectacular getaway spot in some of Spain and Europe's most amazing destinations. You can own a minimum of ⅛ of a property and enjoy approximately 6 weeks of vacation a year, with the option to go up to ¼.

VIVLA also manages the details of the purchase and sale process and handles all aspects of home maintenance and upkeep. You pay a fair monthly fee for all the management work and get services like storage, personal setup of your belongings, smart home technology and great amenities.

If you think owning in a smart and flexible way is a sound option for you, let's start a conversation about our ownership model, its benefits, and how you can improve your quality of living. Visit vivla.com or talk to one of our experts. In the meantime, feel free to read our FAQs to resolve any doubts.