Arrilo

Millions of families dream about owning a second home. However, that’s considered a luxury, available only to a few lucky ones. At the same time, most high-end properties are used only six weeks a year on average. Arrilo sees this as an opportunity to democratise access to second home ownership by offering co-ownership.

Co-ownership is a different way to buy and own the holiday home of your dreams, affordably. The Arrilo co-ownership model is a simple one and works like this: potential buyers can browse the listings on the Arrilo website www.arrilo.com and select the home that best suits their lifestyle. They then estimate the number of property shares they would like to own - 1/8 gives you 6 weeks, 2/8 gives you 12 weeks, and ⅜ gives you 18 weeks (4.5 months) per year. Based on the 1/8 arrangement, share prices in Spain range from €100K to €400K.  

You get to co-own one of 15+ Arrilo luxury villas - 3, 4 and 5-bedroom villas and penthouses together with up to seven other families - and you pay only for what you use. Ownership expenses are transparently shared between the co-owners. All owners have access to stay scheduling app and hands-free property management.

The built-in property management takes care of every aspect of running, cleaning and maintaining the home. All of the running costs are divided proportionally among all co-owners and through the simple use of the Arrilo scheduling app there's no need to additionally communicate with auditors, property managers or other owners. So all you have to do is pack your bags and arrive. The rest will be taken care of.