BARNES Madrid presents this co-ownership arrangement for a prime property in Madrid. The client purchases a share of the property, and the transaction is formalised in a public deed before a notary, through the company that owns the asset. It is an asset: it can be sold, passed on by inheritance and is registered.
Important to avoid any confusion:
*It is not a timeshare, nor is it a fund or a financial product.
* It is ownership of a specific property.
*How it is structured*
• The property is divided into 8 shares.
• Each share = 6 weeks’ use per year, with a rotating calendar (the allocated dates rotate, so everyone gets a turn) and flexible booking.
• Turnkey property: fully fitted and furnished.
• Management, cleaning, maintenance, insurance, property tax and utilities are coordinated by the operator and shared amongst the 8 shares. The client pays 1/8 of the costs of a second home.
• The owner can rent out their weeks or exchange them within an international network of luxury holiday homes.
The co-ownership arrangements and the owner’s experience are managed through Ancana, a specialised international platform.
1/8 share for €485,000, with 6 weeks per year.
For those seeking a pied-à-terre in Madrid to spend 4–6 weeks a year here, without the expense or hassle of managing an entire property.
Detailed description of the property:
BARNES Madrid presents a spectacular, fully refurbished home, designed by an architectural practice to offer spaciousness, natural light and a contemporary aesthetic with clean lines. With a generous floor area and a very well-balanced layout, the property stands out for its large open-plan living area, where the living room, dining room and kitchen flow seamlessly into one bright, airy space, enhanced by its pleasant unobstructed views, which provide a constant sense of spaciousness and connection with the outdoors.
The refurbishment features natural wood flooring, lacquered joinery, carefully designed lighting combining direct and indirect light, and a bespoke kitchen in soft tones with a central island, top-brand appliances and a separate laundry area. The sleeping area comprises three spacious bedrooms, all with built-in wardrobes, and three full bathrooms finished in microcement and porcelain tiles, fitted with recessed taps and modern built-in showers. The property also includes a storage room and a parking space on the premises.
Situated in one of Madrid’s most sought-after areas, the property benefits from an elegant residential setting, with a wide range of shops, restaurants and amenities, as well as excellent links to the city’s main transport routes. A unique opportunity to enjoy a stylish, comfortable and functional home right in the heart of Madrid.
