Arrilo Provides an Alternative Solution to Second Overseas Home Ownership

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Investing in a home-from-home is an aspiration for so many, and the opportunity to buy property in the beautiful Mediterranean climate can provide a real transformative lifestyle.

There are countless factors to consider when reviewing the available options, from exposure to property tax to investment capital required, and ongoing service charges. The Arrilo team has reviewed the pros and cons of co-ownership vs purchasing a Spanish second home independently, for a more informed choice.

The Cost of Property Ownership and Fractional Ownership in Spain

When thinking about a second home or spending a proportion of time relaxing in a peaceful, warm environment, often finances and taxes are not always considered, but are a crucial consideration. 

One way to view fractional ownership is the initial cost of investing in an idyllic prime location property is split equally, with reduced ongoing costs and tax liabilities. Fractional ownership allows purchase of a property anywhere in the world with a group of fellow owners, sharing out all the associated costs in a manageable way.

There are some incredible benefits, but one consideration is the ability to acquire multiple part-ownerships – a proportion of a gorgeous villa on a tranquil golf resort, a city apartment in a vibrant metropolitan area, and even a share in a peaceful country retreat, all for less than the cost of one second home. 

The Benefits of Second Home Co-Ownership in Spain

The core advantages of fractional second home ownership include:

• Affordability: a million-pound villa isn’t accessible to many, but buying an eighth of the property to use for six weeks of the year would cost £140,000 – a far more achievable investment.

• Value: sharing ownership deeds with other owners provides access to luxury homes in prestigious locations that wouldn’t be available within an individual budget.

• Usage rights: access to your shared property is equivalent to your share, so for example each eighth of ownership…

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