Which co-ownership operator should you buy from?

Start with the country

Nothing else narrows the field as fast. These are the homes we list today.

Vivla sells in Spain and nowhere else. Abitaro sells in the USA and nowhere else. Paris Property Group sells in Paris and nowhere else. That alone settles the question for a lot of buyers before any of the operational differences matter.

Then the four questions that actually decide it

1. Do you want to let the home out?

If yes, three operators are off the list immediately. &Hamlet prohibits letting — friends and family may borrow the home, but it may not be rented. Pacaso does not allow owner rentals either. Paris Property Group's agreements prohibit renting weeks, and Paris short-term-let law would make it difficult even if they did not.

MYNE and Vivla both permit letting, subject to the local licence rules, which in parts of Spain are tightening. Abitaro permits it. In every case this is a question about the specific home and the specific town, not about the operator in the abstract — which is why we check it before you enquire rather than after.

2. Are your nights a floor or an allocation?

This is the difference most people miss, and it changes what the home is worth to you.

If you live within driving distance and will book at short notice, the floor models are worth considerably more than the number suggests. If you plan a year ahead and take the same two weeks each summer, a fixed allocation costs you nothing and Vivla's rotating selection rounds may suit you better.

3. How much do you need written down before you sign?

&Hamlet publishes the most: minimum two nights a stay, a two-week maximum at 1/8 rising to five weeks at 1/2, a mandatory gap between stays equal to the length of the last one, six reservations held at once, three peak-season plus one holiday, free cancellation 30 days out. Pacaso publishes its booking windows precisely. Vivla publishes its selection-round calendar.

MYNE publishes less detail on the mechanics, and Abitaro and Paris Property Group less still. That is not a warning — it is a reason to ask for the rules in writing before you commit, which we will do on your behalf.

4. Do you need to finance it?

Pacaso and MYNE both have mortgage routes; MYNE also offers its own deferred-payment plan, which carries interest. &Hamlet works with Nordea, and its structure means only individual shares can be pledged — the whole property cannot be mortgaged, so another owner's default cannot force a sale of the house. Paris Property Group offers no share financing at all; treat that one as a cash purchase.

The operators, briefly

Pacaso — 120 homes, the widest reach, and the only operator in the USA at scale, plus Mexico, England, France, Italy and Spain. Prices run from $175,000 to $2,905,000, median $758,500. No set cap on nights, which is the strongest usage model in the market. It does not publish running costs to us and does not allow owner rentals. It is also the only operator publishing resale data: an average 99 days on the market, with 73% of its 400-plus resales so far selling above their original price.

MYNE Homes — 99 homes and the broadest European coverage by a distance: Spain, Italy, France, Austria, Germany, Portugal, Croatia and Sweden. €119,000 to €999,000, median €199,000, and a verified monthly running cost on every single home, €227 to €571. 44 nights minimum. Letting permitted on many properties. If you want Europe and you want choice, this is where the choice is.

Vivla — 36 homes, all in Spain, €120,000 to €485,000 and the lowest median of the European operators at €172,500. Six weeks a year, fixed. Letting permitted. The resale record is the best published anywhere in this market: 2025 resales closed in under four weeks on average, at around 11% above the original price. If Spain is the answer and you want the cheapest entry with the best exit data, start here.

&Hamlet — 9 homes in Spain, France and Italy, and the only operator whose whole inventory is three bedrooms or more, running to seven. €125,000 to €565,000, median €245,000, with verified running costs on all nine. 45 nights minimum, and the rules around them are written down in more detail than anyone else's. No letting, at all. The operator for families who need everyone under one roof and want to know exactly how the calendar works.

Abitaro — 3 homes in the USA and by some distance the cheapest way into any of this: $68,000 to $100,000. Three fixed fifteen-night seasonal blocks a year, exchangeable between co-owners. A small operator with a small portfolio; worth a look if the budget is the constraint and the USA is the place.

Paris Property Group — one apartment, in Saint-Germain-des-Prés, at €299,000 for a 1/13 share carrying four weeks. Shares here are 1/12 or 1/13 rather than the eighths everyone else sells, title sits in a US association rather than a French SCI, and closing costs are around 1–2% of the share price rather than the 7.5–8% notaire fee on a whole Paris apartment. No financing, no letting. A specialist, for one specific thing.

What we would not tell you

We list six operators and there are others. Kocomo, Prello and Alma sell fractional shares in markets that overlap with these, and we do not list them, so we have not verified their figures and they are not in the tables above. Their absence is a fact about our arrangements, not a judgement about them.

We also cannot tell you what a share will be worth in five years. Two operators publish resale data and four do not, and even the two that do are describing a market that has been running for a handful of years. Anyone who offers you a projection is guessing.

The order we would do it in

Pick the country. Rule out the operators that do not sell there. Then ask the letting question, because it removes half the field in one move. Then look at nights — floor or allocation — against how you actually travel. Then compare the two or three homes that survive on running cost per night of use, which is printed on every listing we have verified.

If that leaves you with nothing, tell us what you were looking for. We watch all six operators and roughly 25 homes a month come and go.

Common questions

Which co-ownership operator is the cheapest?

Abitaro, at $68,000 for a US home, is the lowest entry price anywhere we list. In Europe it is Vivla, whose median share is €172,500 and whose entry point is €120,000, both in Spain. MYNE's entry is €119,000 but its median is higher at €199,000. Cheapest entry and cheapest to run are different questions — on running cost per night of use, MYNE's median is €89 and &Hamlet's €98.

Which operator has the most homes?

Pacaso, with 120 of the 268 homes we list, spread across six countries including the USA and Mexico. MYNE is second with 99, and has the widest European coverage at eight countries. Vivla has 36, all in Spain; &Hamlet 9; Abitaro 3; Paris Property Group 1.

Which operators let you rent out your home?

MYNE, Vivla and Abitaro permit letting, subject to local licensing. Pacaso, &Hamlet and Paris Property Group do not. In Spain in particular, whether a specific home can be let depends on that town's rules rather than the operator's policy, so it is worth confirming per property.

Which operator gives the most nights a year?

Pacaso, which sets no cap on total nights — advance stays run 8 days to 24 months ahead and short-notice stays sit on top of those. Among the rest, &Hamlet's 45 and MYNE's 44 are both minimums rather than caps, and at &Hamlet anything booked 2 to 30 days out does not count against the floor. Vivla's 42 nights and Paris Property Group's four weeks are fixed allocations.

Which operator is best for a family?

&Hamlet, on the evidence of the inventory: every one of its homes has three bedrooms or more, up to seven, where MYNE's median is two. It also publishes its booking rules in more detail than anyone, which matters when several households are coordinating dates. The trade-off is a higher median price, no letting, and only nine homes in three countries.

Which operator is best in the USA?

Pacaso has the scale — the great majority of US co-ownership homes we list are Pacaso's, from $175,000 upward, with no cap on nights. Abitaro is much cheaper at $68,000 to $100,000 but has only three homes and sells fixed seasonal blocks rather than flexible nights. There is no European operator selling in the USA.

Do you get paid more by some operators than others?

The commissions are broadly similar and are paid by the operator on completion, never by you. The share price is identical whether you buy through us or go direct. Where we think an operator's model does not suit what you have described, we say so — including when that means we earn nothing.

Can I buy from more than one operator?

Yes, and some owners do. Each share is a separate purchase in a separate structure with its own costs and its own calendar, so there is no combined booking system across operators — but nothing stops you owning a share in Spain with one and a share in Italy with another.