Co-ownership: a new approach to second homes
In Baqueira Beret, one of Spain’s most prestigious ski resorts, co-ownership of luxury apartments is gaining noticeable popularity. According to management companies, 5% of high-end property transactions now follow this model. This approach allows buyers to acquire a share of a property—from one-eighth to one-half—and use it for several weeks a year, without having to deal with everyday maintenance issues.
The shift toward co-ownership reflects changing preferences among those seeking a second residence. Owners are looking for more flexibility and want to avoid taking on all the costs and responsibilities that come with traditional purchases. Management companies handle the daily operations, making the process as convenient as possible for co-owners.
Baqueira Beret market: rising prices and growing demand
The luxury real estate segment in Baqueira Beret is going through a period of rapid growth. In August 2025, the average price per square meter reached €7,210—28.9% higher than the year before. The most prestigious properties range from €940,000 to €3.2 million. High demand has strengthened the valley’s position as one of the top destinations in Spain for buying a second home.
Co-ownership offers not only vacation opportunities for owners, but also significant returns. According to management estimates, annual profitability can reach 10% through both property appreciation and renting out unused weeks. During the winter, properties are fully booked, and in summer, usage rates exceed 90%, indicating consistent year-round demand for mountain getaways.
Expanding geography: from mountains to cities and the coast
The co-ownership model is gradually moving beyond Baqueira Beret. Management companies now offer similar options in high-demand areas such as the Balearic Islands, Cantabria, and along the Costa del Sol. The format has recently made its way to major cities as well—particularly Madrid, where buyers can now purchase shares in spacious apartments in prestigious neighborhoods, starting at €485,000 for six weeks of residence per year.
Experts note that these changes reflect new lifestyle trends: buyers now prioritize mobility and professional property management over full ownership. Co-ownership allows for investment in quality real estate without long-term commitments or ongoing maintenance costs.
Market outlook: flexibility and professionalization
The spread of co-ownership is transforming the second-home market in Spain. More and more buyers are choosing this format to combine investment with the opportunity to vacation in different regions of the country. Experts expect the share of such deals to keep growing in the coming years, with new locations and formats expanding the geographical reach of offers.
The shift toward co-ownership leads to more efficient use of the housing stock, reduces the need for new construction, and keeps the market active year-round. For many buyers, this is the optimal solution, combining comfort, investment potential, and flexibility of choice.
