Vivla, a Spain-based proptech offering fractional ownership in holiday homes, has entered into collaboration agreements with real estate agencies Engel & Völkers, John Taylor, Remax Collection, and Lantana Premium, according to a press release from the company. 

These agreements cover such popular Spanish holiday destinations as the Balearic Islands, the Costa Brava, Sotogrande on the Costa del Sol and Pyrenean ski resort of Baqueira. 

“Vivla will now operate in Mallorca, Ibiza, and Formentera with John Taylor and Port d’Andratx. Engel & Völkers has been chosen as the agency for Costa Brava and REMAX Collection in Sotogrande. While Vivla maintains a strong customer base within Spain, the company’s entry into new destinations has also attracted customers from England, France, and Germany, who consider Spain to be one of their preferred vacation destinations,” according to the company. 

“Thanks to these partnerships, the aforementioned agencies will now incorporate co-ownership as another category alongside rentals and sales and will market this new type of asset to their customer base. In this initial phase, they will market Vivla’s properties and a variety of other residences, with prices ranging between €750,000 and €2.5 million ($808,000 to $2.7 million U.S.), to be acquired in fractions priced from €90,000 to €300,000.” 

“These long-term strategic alliances underline the projected growth of this real estate category, which offers exclusive homes in desirable destinations and enables property investment to be adjusted to actual usage time.” 

Vivla provided shared ownership of vacation properties, marketing up to eight fractions per home. Each fraction entitles the owner to six weeks of usage per year, and each owner can purchase between one-eighth and half of the property, thus enjoying up to 24 weeks per year. The model includes a monthly fee to cover annual maintenance expenses, cleaning, taxes and utilities. 

In February 2022, Vivla raised €26 million in debt and equity in a pre-seed round. Earlier this year, it was revealed that former Spanish NBA basketball player Pau Gasol had invested in Vivla and would act as a brand ambassador for the company.

Vivla’s nominal rival in this space is U.S.-based Pacaso, which entered the Spanish market at the beginning of last year. However, the latter currently has only a single listing for the whole of Europe — and that is in London.

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