Vivla — The Fractional Co-Ownership Operator Profile

Who Vivla is

Vivla was founded in 2020 in Barcelona, structured from the outset as a Spain-only fractional co-ownership operator. The strategic choice — concentrating depth in one country rather than expanding across multiple — has produced operational specialisation in Spanish-market mechanics that broader operators can't match: Spanish SL governance, Spanish notarial procedures, Spanish rental licensing (where applicable), Spanish wealth-tax (Patrimonio) implications for non-resident owners, and integration with Spanish banking (notably the Andbank partnership).

Andbank — a global private bank with deep Spanish presence — holds a 3% equity stake in Vivla. This is unusual in the fractional category, where bank partnerships are typically arms-length lending arrangements. Andbank's strategic-investor role enables the deeply-integrated Andbank Lombard loan product (covered in detail below) and signals long-term alignment between the bank and the operator.

Vivla has been covered in Spanish-language proptech press (Sifted, El País real-estate coverage, regional Spanish business outlets) and is the most-recognised modern fractional operator in Spain.

Geographic coverage — Spain only, but deep

Vivla's 34 COP-listed properties are all in Spain. The portfolio distribution across Spanish regions:

• Mallorca — substantial inventory across the island's premium markets (Pollensa, Deia, Santa Ponsa, Palma)
• Marbella / Costa del Sol — Golden Mile and Costa del Sol corridor
• Costa Blanca — Alicante, Calpe, Jávea
• Madrid — urban inventory in Spain's capital (Vivla has stronger Madrid presence than most multi-country operators)
• Barcelona — limited inventory reflecting Barcelona's restrictive short-term rental rules but presence for buyers wanting Barcelona base
• Canary Islands — inventory across Tenerife and other islands

The strategic choice to focus exclusively on Spain has compound benefits — every operational decision is optimised for the Spanish market, the Owner Service team is Spanish-specialist, the legal documentation is fully familiar to Spanish notaires, and the prospect pipeline is concentrated on Spain-committed buyers. For a buyer focused on Spain, this depth is meaningful in ways that broader operators can't replicate.

How Vivla structures ownership — the Spanish SL model

Every Vivla property is held by a property-specific Spanish Sociedad Limitada (SL) — the standard Spanish limited-liability structure. Spain has well-established case law on SL ownership, including comprehensive provisions for non-resident shareholders, and the structure is familiar to Spanish notaires, accountants, and lawyers.

The SL is a distinct legal entity that holds 100% of the property title. Co-owners hold proportional shares (typically 1/8 each) in the SL itself. Key features:

• Spanish-law governance. The SL is governed entirely by Spanish corporate law. Documentation is in Spanish (with English translations provided). Spanish notaires execute share transfers.
• Non-resident-friendly. Spanish SL ownership doesn't require Spanish residency. Non-resident buyers receive an NIE (foreign identification number) as part of the purchase process, which Vivla Owner Service coordinates.
• Established structure. The Spanish SL isn't novel — it's a regular Spanish business entity that's been used for property holding for decades. Spanish accountants, lawyers, and notaires are all familiar with it.
• Local-tax treatment. SL property holding produces Spanish IBI (property tax) liability and potentially Patrimonio (wealth tax) for high-net-worth non-residents depending on the autonomous community. Vivla coordinates the IBI through annual cost pass-through; Patrimonio compliance is the owner's responsibility with Vivla referrals to local accountants.

Before purchase, Vivla provides full SL documentation including the partnership agreement, voting thresholds, transfer mechanics, and operator service-level commitments. Spanish notarial advice is typically engaged for serious purchases.

Share structure and annual fees

Vivla uses 1/8 as the standard share size — approximately 45 days/year of usage. Vivla doesn't currently advertise 1/4 or 1/2 share sizes for the same property; the 1/8 model is the primary offering.

The annual fee model is 1.5–2% of property value annually plus cost pass-through of property running expenses. This is a percentage-based fee that scales with property value — a more expensive Mallorca villa pays more in absolute terms than a smaller Costa Blanca apartment.

For a representative Spanish example: a €1.5M Mallorca villa at 1/8 share commits roughly €187,500 upfront. Vivla's annual fee at 1.75% × €1.5M = €26,250/year. Cost pass-through at 1/8 of property running costs (perhaps €60k total for a Mediterranean luxury villa) = €7,500/year. Total annual cost: ~€33,750. The fee structure is higher than MYNE's flat €99/month model in absolute terms but covers Vivla's higher-touch concierge service including Spanish-specialist operational support (NIE renewals, Spanish tax advisory referrals, Spanish notarial coordination, Andbank financing coordination).

Over a 10-year hold on the €1.5M example, the cumulative annual cost is approximately €337,500 (10 × €33,750), compared to roughly €87,000 for MYNE's €99/month structure on the same property. The difference reflects Vivla's higher-touch service tier; the right comparison depends on how much each buyer values the Spanish-specialist concierge layer.

Resale — the strongest published metrics in fractional

This is Vivla's most distinctive operational feature. Vivla publishes specific resale data that few operators match:

• Average resale time: under 4 weeks from listing to completion
• Portfolio appreciation: +11% in 2025
• Three distinct liquidity windows: 12-month, open, and 10-year

The under-4-week resale figure is notable. Most fractional operators talk about "fast" resale without publishing comparable data; Vivla publishes specific numbers backed by Spanish concentration and a deep relationship with the operator's owner pipeline. The +11% 2025 portfolio appreciation supports the resale dynamic — buyers see Spanish co-ownership shares as appreciating assets, which drives active demand.

The three liquidity windows give owners structured exit paths at multiple horizons:

1. 12-month window: first resale eligibility after the minimum holding period. The standard first-exit path.
2. Open window: ongoing resale capability beyond the 12-month minimum, with Vivla's published <4-week average under normal market conditions. The standard ongoing exit path.
3. 10-year window: long-term liquidity option with structured re-marketing through Vivla's mature owner network and accumulated property-specific data. The long-hold option.

The resale workflow runs through Vivla Owner Service rather than self-serve listing — Owner Service provides pricing consultation, manages the marketing through Vivla's prospect pipeline (which is qualified for Spanish properties and familiar with the SL structure), and coordinates the Spanish notarial transaction. SL share transfers go through Spanish notarial process, which is well-established Spanish business law.

Vivla "Keys" — the asynchronous exchange system

Vivla's exchange program is named "Keys" — rebranded in 2026 from earlier mechanics. The model is points-based and asynchronous, distinguishing it from direct 1:1 swap systems.

How it works:

1. Publish a week: when you make one of your allocated weeks available to the network, Vivla issues you a Key representing that week's value
2. Redeem against any available week: use your Keys to book any other Vivla property's published week — no need to find a direct 1:1 counterparty
3. Key wallet visible in-app: owners see their current Key balance inside the Vivla app
4. 24-month expiry with extension: Keys expire 24 months after issue; a one-time 12-month extension is available

The model is more flexible per transaction than direct-swap systems because it removes the counterparty-matching constraint — you bank Keys when you publish a week and spend them when you book one. For owners who frequently want to use their 45 days/year across multiple Spanish destinations, the Keys system is significantly lower-friction than concierge-mediated or 1:1-swap alternatives.

The geographic scope is internal to Vivla — Keys can be redeemed only against other Vivla Spanish properties, not against properties from other operators. For owners wanting cross-operator or cross-country exchange access, only owning shares with multiple operators provides that.

Rental policy — permitted with managed operator program

Vivla permits owner rentals AND operates a managed rental program for owners who want one — a meaningful operational layer that distinguishes Vivla from MYNE (which permits rentals but doesn't run a centralised program).

The Vivla managed rental program:

• Operator-managed: Vivla handles guest marketing, booking, check-in, housekeeping, turnover
• Commission: 15% of rental price
• All-in cost via Airbnb listing: approximately 25% including platform fees
• Owner receives net income after commission

The standard caveat applies: Spanish rental licensing is regionally restricted. Mallorca and the Balearics have particularly tight rules; Barcelona is among Spain's most restricted markets; the Costa del Sol has progressively tightened; the Canary Islands vary by island and municipality. The actual ability to rent depends on the specific property's licensing status. For properties with active rental licensing, the managed program can offset a meaningful portion of annual operating costs. For properties without licensing, rental income may be limited or unavailable regardless of operator policy.

Andbank Lombard financing — uniquely structured

Vivla's financing pathway is structurally different from any other fractional operator's: a Lombard loan through Andbank, secured against an existing investment portfolio.

How a Lombard loan works:

1. Buyer holds an investment portfolio (stocks, bonds, mutual funds, ETFs) at Andbank — or another portfolio Andbank can accept as collateral
2. Andbank lends against the portfolio — up to 100% of the fraction's purchase price
3. Buyer retains underlying investment returns — the portfolio continues to generate income/appreciation; Andbank simply holds it as collateral
4. The fraction itself isn't the collateral — it's the investment portfolio. This is structurally different from a mortgage

Andbank's 3% equity stake in Vivla makes the product genuinely integrated rather than a generic bank arrangement. Vivla Owner Service liaises directly with Andbank during the financing setup, which is otherwise complex to coordinate across the bank's branches.

Eligibility profile:

• Best fit: EU-resident HNW individuals with significant pledgeable investment portfolios already at Andbank or that Andbank can accept
• Possible fit: Non-EU buyers (American, British) with global private-bank relationships if their portfolio composition meets Andbank's pledging requirements — case-by-case basis
• Poor fit: Buyers whose primary assets are real estate or cash, without a substantial pledgeable investment portfolio — Lombard doesn't apply, and Vivla doesn't currently offer alternative financing pathways

For non-EU buyers without Andbank-eligible portfolios, the practical default is cash purchase. Specialist international mortgage brokers may offer alternative financing on a case-by-case basis but those aren't Vivla-arranged.

Owner experience — Spanish-specialist concierge

Vivla's owner experience centres on Spanish-specialist concierge. Each owner has a Vivla Owner Service contact — the relationship manager — who handles operator-side interactions across the operator's services: bookings, Keys exchange requests, rental program enrolment, maintenance escalation, satisfaction-guarantee handling if applicable, and the resale process when invoked.

The Spanish-specialist nature differentiates Vivla's owner experience. The Owner Service team handles country-specific operational complexity that broader operators have to coordinate with external advisors: Spanish NIE renewals (essential for non-Spanish-resident buyers), Spanish notarial procedures, Patrimonio implications, Spanish capital-gains considerations on resale, and Andbank financing coordination.

The Vivla app handles day-to-day operational tasks — calendar visibility, Keys wallet, communications, billing — but higher-touch decisions happen through human contact. This is meaningfully different from Pacaso's digital-first model and similar to MYNE's concierge-led model, but with the additional Spanish-specialist layer.

How Vivla compares to other fractional operators

Co-Ownership Property has published operational comparisons of Vivla against the other operators COP lists:

• Pacaso vs Vivla: almost non-overlapping markets. Pacaso US-anchored cross-border vs Vivla Spain-deep specialist. Vivla publishes stronger resale metrics; Pacaso publishes the only US-buyer financing pathway. Different operators for different geographies.
• MYNE vs Vivla: the two leading European-headquartered fractional operators. Both have significant Spanish presence — MYNE 41 properties (across 9 countries), Vivla 34 properties (Spain only). Different fee structures (MYNE flat €99/month vs Vivla 1.5-2% percentage), different exchange systems (MYNE concierge vs Vivla Keys), different buyer protections (MYNE 12-month guarantee vs Vivla three liquidity windows + published metrics).

Who Vivla genuinely suits

An honest read from a marketplace perspective:

Vivla fits you if:

• Spain is your target market — particularly Mallorca, Marbella, Costa del Sol, Madrid, Barcelona, or the Canaries
• You value exceptional published exit liquidity — under-4-week average resale is the strongest in the fractional category
• You'd benefit from Spanish-specialist concierge that handles country-specific operational complexity (NIE, Patrimonio, Spanish notarial)
• You hold a pledgeable investment portfolio that could support an Andbank Lombard loan financing the share
• You want operator-managed rental program if rental income matters (subject to local licensing)
• You prefer Spain depth over European breadth
• You're acquiring shares across multiple Spanish regions and want a single operator handling all of them with consistent Spanish-specialist support

Vivla is not your best fit if:

• You want non-Spanish European exposure (Italy, France, Portugal, etc.) — Vivla is Spain-only; MYNE has broader European coverage
• You want US or Mexico inventory — Vivla doesn't operate there (Pacaso is the relevant operator)
• You prefer a flat/predictable annual fee (MYNE's €99/month structure) rather than percentage-of-property-value (Vivla's 1.5-2%)
• You're a non-EU buyer without an Andbank-eligible portfolio AND want formal financing — cash purchase is the default for non-EU buyers
• You prefer a digital-first self-serve owner platform — Pacaso's app-first model suits this preference better

Browse Vivla properties on Co-Ownership Property

Co-Ownership Property lists Vivla's full 34-property Spanish inventory alongside Pacaso, MYNE, &Hamlet, and Abitaro properties. Compare across operators in one marketplace.

Browse Vivla Spain properties All operators, all properties

Frequently asked questions about Vivla

Is Vivla a legitimate fractional ownership company?

Yes — Vivla is the leading modern fractional co-ownership operator in Spain. Founded 2020 in Barcelona, Vivla uses property-specific Spanish SL structures (well-established Spanish corporate law) and has built a strategic partnership with Andbank, with the bank holding a 3% equity stake. Vivla publishes specific resale metrics (under 4 weeks average, +11% portfolio appreciation in 2025) and has been covered in Spanish proptech press. The operator has the deepest Spanish operational expertise in the modern fractional category.

How can Vivla resale clear in under 4 weeks on average?

Several factors combine: Vivla's Spain-only concentration produces deep relationships with the Spanish prospect pipeline (buyers already qualified for Spanish properties and familiar with the SL structure); the published portfolio appreciation (+11% in 2025) supports active demand; the three-liquidity-windows framework gives owners structured exit paths matching different holding horizons; the Spanish notarial process for SL share transfers is well-established and efficient. The combination produces faster average resale than operators with broader, less concentrated portfolios.

What is the Andbank Lombard loan and how does it work?

A Lombard loan is bank financing secured against an existing investment portfolio rather than against the property being purchased. Andbank — Vivla's strategic financing partner (Andbank holds 3% equity in Vivla) — lends up to 100% of a fraction's purchase price against a buyer's pledgeable investment portfolio (stocks, bonds, funds). The buyer retains the underlying investment returns; Andbank holds the portfolio as collateral. The product is well-suited for EU-resident HNW buyers with significant pledgeable portfolios at Andbank or that Andbank can accept; eligibility for non-EU buyers depends on portfolio composition and bank relationship.

Can I use Andbank Lombard financing as a US or UK buyer?

Case-by-case. The Lombard product requires an existing investment portfolio Andbank can accept as collateral. For US or UK buyers without an Andbank-eligible portfolio, the product isn't realistically accessible. EU-resident HNW buyers with global private-bank relationships often find it works; American and British buyers without comparable bank relationships typically default to cash purchase, with specialist international mortgage brokers as case-by-case alternatives.

How does the Vivla "Keys" exchange system work?

The Keys system (rebranded 2026) is asynchronous and self-serve. When you publish a week from your home into the exchange network, Vivla issues you a Key representing that week's value. You can redeem the Key against any other Vivla owner's published week — no need to find a direct 1:1 counterparty. Keys expire 24 months after issue with a one-time 12-month extension. You see your Key wallet inside the Vivla app. The model removes the friction of finding matching swap partners — you bank Keys when you publish a week and spend them when you book one. Exchange is internal to Vivla (other Spanish properties only).

What's Vivla's annual fee structure?

1.5–2% of property value annually for Vivla's management and concierge services, plus cost pass-through of property running expenses (insurance, taxes, utilities, maintenance, reserve fund). The percentage-based fee scales with property value — a €3M villa pays a higher absolute fee than a €1M apartment. This is higher than MYNE's flat €99/month model in absolute terms but covers Vivla's higher-touch Spanish-specialist concierge.

Can I rent my Vivla share to offset annual costs?

Yes — Vivla permits rentals and runs a managed program: 15% commission on rental price, ~25% all-in if listed via Airbnb. The standard caveat applies: Spanish rental licensing is regionally restricted. Mallorca, Barcelona, parts of the Costa del Sol, and various Canary Islands locations have tight rental licensing rules. The actual ability to rent depends on the specific property's licensing status. For properties with active licensing, the rental program can offset a meaningful portion of annual operating costs.

Why is Vivla Spain-only — won't expansion to other countries strengthen the business?

The strategic choice to focus exclusively on Spain produces operational specialisation in Spanish-market mechanics that broader operators can't match: Spanish SL governance, Spanish notarial procedures, Spanish rental licensing, Patrimonio implications, integration with Spanish banking. For Spanish-focused buyers, this depth is meaningfully better than what a multi-country operator can deliver. Whether Vivla eventually expands beyond Spain is an open strategic question; as of 2026 there's no indication of imminent multi-country expansion.

What happens to my Vivla share if Vivla goes out of business?

Each Vivla property is held by a property-specific Spanish SL, not by Vivla the operating company. If Vivla ceased operations, the SL continues to exist; the property continues to be owned by the co-owners as shareholders; a successor Spanish property management company could be engaged. Spanish SL governance is well-established corporate law, and substitute management is a routine commercial arrangement. Owner equity in the property isn't at risk from operator failure — the protection is structural.

How does Andbank's 3% equity stake change anything for owners?

The equity stake creates strategic alignment between the bank and the operator — Andbank benefits from successful Vivla growth, Vivla benefits from deeply-integrated Lombard product. For owners, the practical effect is that the Andbank financing pathway is genuinely embedded rather than a generic third-party bank arrangement. Vivla Owner Service can coordinate directly with Andbank during financing setup, which is otherwise complex to arrange across the bank's branches.

Does Vivla handle Spanish taxes for non-resident owners?

Vivla's annual cost pass-through includes Spanish IBI (property tax) so owners don't pay it separately. Other tax obligations — Spanish Wealth Tax (Patrimonio) for HNW non-residents depending on autonomous community, Spanish non-resident income tax for buyers who rent the property, Spanish capital gains on resale — are owner responsibility. Vivla Owner Service provides referrals to Spanish accountants; the operator coordinates but doesn't file individual tax returns.

What's the typical Vivla buyer profile?

Vivla's buyer base skews Spain-committed from the outset — buyers who have already decided on Spain specifically and want the deepest Spanish operational support. International buyers — Spanish, European, American, British — choose Vivla specifically for Spanish depth rather than as a cross-border alternative. The buyer who values exit liquidity above other factors, who appreciates Spanish-specialist concierge, and who can deploy capital effectively in Spain typically chooses Vivla over multi-country alternatives.

How does Vivla's three-liquidity-windows framework actually work?

Three structured exit paths at different time horizons. The 12-month window is the first resale eligibility after the minimum holding period — the standard first exit. The open window is ongoing market-rate resale beyond the 12-month minimum, where Vivla's published <4-week average applies under normal conditions. The 10-year window is a long-term liquidity mechanic for committed long-term holders, with structured re-marketing through Vivla's mature owner network. The framework gives owners predictable exit paths at multiple horizons, which is one reason Vivla's resale metrics hold up.

What's the future of Vivla — institutional commitment?

Vivla is venture-backed and Andbank holds a strategic equity stake. The operator's long-term commitment to Spain is signalled by the country-specialist operational depth — multi-country pivots are difficult to execute from a country-specialist base. Public commentary from Vivla emphasises continued Spanish-market depth rather than geographic expansion. The institutional alignment with Andbank suggests long-term partnership rather than short-horizon operator turnover.