Co-Ownership Exists — But We’re Doing It Differently
Co-ownership of holiday homes is not a new idea. For over a decade, it’s been offered by international companies that combine properties in multiple countries — often with ownership structures placed outside Spain.
At Palmallorca, we focus 100% on Mallorca — and on doing things differently.
We’ve created a step-by-step solution where co-owners share one beautiful Mallorca property through a Mallorca-based S.L. company. Everything is fully managed, transparent, and tailored to your dream.
Here’s how it works in practice:
Step 1 – Define Your Dream
It all starts with you.
We ask future co-owners to describe their ideal setup:
- What type of property are you looking for?
- Where on the island would you love to stay?
- What’s your budget?
- How often, and when, do you plan to use the home?
- What style or features matter to you?
This input helps us identify meaningful matches — both in terms of properties and potential co-owners.
Our official Co-Owner Dream Form will be published soon — stay tuned!
Step 2 – Smart Matchmaking
Once we understand your preferences, our team (and smart AI tools) begin matching you with compatible properties — and with others who share your vision.
When a match is found, you’ll receive a clear, personalized proposal that includes:
- Property details and photos
- Price per share
- Booking model and co-owner structure
- Legal and administrative overview
If there’s mutual interest, we invite you into a group dialogue to explore next steps.
Step 3 – Reservation & Commitment
If the proposal fits your needs, you can secure your place by paying a refundable deposit of typically €2,000 to €5,000, depending on the expected investment size.
The deposit is paid into an independent escrow account managed by our legal partner. This ensures your funds are protected while we finalize the co-ownership group.
This gives you:
- Priority rights to reserve specific weeks (shares)
- A place in line before the offer is opened more broadly
- A commitment without financial risk
- The process is structured to be safe and fair:
- Deposits are held in escrow until the group is complete
- Reserved buyers have first right to confirm and finalize their shares
- If shares remain, others with deposits are next in line
- If the group is not formed, deposits are refunded in full
Once all 1,000 shares (equal to 50 weeks) are reserved and final payments are received into our lawyers’ client account, the purchase is executed:
- A new Mallorca S.L. (Sociedad Limitada) is created
- The property is acquired in the name of the company
- Co-ownership agreements are signed
- All legal, financial, and administrative steps are managed by our trusted partners on the island.
Step 4 – From Keys to Community
After purchase, you officially become a shareholder in the company that owns the property — and a co-owner of your dream Mallorca home.
You’ll receive:
- Access to a smart booking calendar
- Guaranteed usage weeks (with clear rotation rules)
- Full property management including cleaning, maintenance, and support
No stress. No uncertainty. Just a smarter way to enjoy life in Mallorca — and be part of a like-minded owner group.
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