Unlocking Luxury Holidays: The Benefits of Shared Ownership with Mojo Sharing
Dreaming of owning a luxurious holiday home on the Costa del Sol without the sky-high costs? Mojo Sharing has you covered! Mojo is revolutionizing the real estate market with an innovative concept that not only allows premium living at a fraction of the full price but also provides stress-free management.
What does Mojo promise with Shared Ownership?
Instead of buying a whole property, eight families share the ownership and costs of a luxury villa.. Each family holds a 12.5% share and enjoys exclusive use for six weeks and three days per year. The integrated management provided by Mojo covers year-round maintenance and administrative tasks, letting owners relax during their stays. Unused time can be rented out through Mojo Rentals, often covering ownership costs with just three weeks of rental.
The ownership structure is streamlined, featuring high-quality properties and a private Facebook group for schedule coordination. Mojo handles administration for the first three years, simplifying the process for new customers to enter into upscale living.
Step inside Moana: Exclusive Living in Shared Luxury Villa
This luxury villa in Benalmádena is available for shared ownership at €349,000 per share, or €69,800 with 80% financing through Mojo Mortgage. The two-level villa features 222 m² of interior space and 155 m² of terraces, including a private heated pool. It offers four bedrooms with en-suite bathrooms, a master bedroom with a walk-in closet and access to a private garden and a versatile storage space, ideal for a private cinema. Two parking spaces are also included. Residents also enjoy communal facilities such as a pool and gym within an exclusive development of ten villas.
Discover Coco Palms: Premium Shared Apartment with Stunning Sea Views
This modern 3-bedroom apartment in La Cala de Mijas is available for shared ownership at €119,000 per share, or €23,800 with 80% financing. With 107 m² of indoor space and two terraces totaling 30 m², it offers stunning sea views. The open-plan design features a central kitchen, spacious living room, and two ensuite bedrooms, plus a third bedroom with a private terrace. Located in the Royal Palms project, residents have access to pools, tennis courts, a spa, fitness centers and more. This apartment offers both luxury and convenience in a prime location, just 1.2 kilometers from the beach.
How Much Can You Save with Shared Ownership on the Costa del Sol?
With shared ownership on the Costa del Sol, Mojo transforms the way to experience luxury living at a fraction of the cost. Here’s a detailed look at how much you can save.
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Purchase Price:
- Full Ownership: The average price for buying a luxury Apartment, for example in Benalmádena, ranges between 600.000 € and 1.2 million €.
- Shared Ownership: With Mojo Sharing, you can own 12.5% of a property for €119,000, a fraction of the full price.
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Financing:
- Full Ownership: High down payments and interest rates.
- Shared Ownership: Finance 80% through Mojo Mortgage. The loan is repaid over 15 years at 6.95% + EURIBOR 3.
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Monthly Expenses:
- Full Ownership: High maintenance and management costs.
- Shared Ownership: Costs are shared; expect around €150 per month per share, reducing individual expenses.
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Rental Income Potential:
- Full Ownership: Renting involves significant management effort.
- Shared Ownership: Rent out your share through Mojo Rentals, with potential weekly income from €1,050 in the low season to €2,100 in the high season. This can cover a large portion of costs.
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Purchase Shares through your company:
Mojo Sharing offers a strategic investment opportunity for business owners: purchasing shares in a property on the Costa del Sol through your company. This method allows one to benefit from tax advantages while enjoying private use of the holiday home. Additionally, buyers have the option to rent out the property when it’s not in use, generating extra income.
The founders of Mojo, Per Mønsted and Jacob Johansen, have developed a tax-efficient solution for business owners that simplifies the process of acquiring property shares through a company. This approach streamlines the investment process and enhances financial benefits, offering an intelligent way to combine personal enjoyment with potential rental income.
Clients who have invested in shared properties with Mojo Sharing are delighted, as the testimonials show.
Karsten & Rikke: “We used Mojo Sharing to purchase a shared apartment in the Stupa Hills development in Benalmádena Pueblo in 2021. The entire process, from buying the shared apartment to the ongoing administration, has been smooth. We are extremely satisfied with Mojo Sharing and their shared ownership concept and have enjoyed an excellent collaboration with our contact person.”
Heidi & Søren: “Initially, we were looking for a part-time home in Spain, as we are still working. When we discovered Mojo Sharing’s concept, which allows us to co-own a property giving us several weeks per year, it felt like the perfect solution. Our discussions with the owners were very constructive, and we were introduced to Stupa Hills, which we immediately loved. We feel very secure with the Mojo Sharing concept and have recently purchased another share in La Cala Mijas. Our advice to others is to take the plunge—it’s an excellent way to own a part of a property in Spain.”
Mojo Sharing offers a unique and cost-effective way to enjoy luxury properties on the Costa del Sol. By sharing the purchase price and ongoing costs with other owners, and with the option of 80% financing, you can access high-end living for a fraction of the full price. The streamlined financial model and professional management provided by Mojo Sharing make it a compelling choice for those seeking affordable luxury in a prime location.
Still Have Questions?
If you have any questions or need further details about Mojo Sharing, visit their website or reach out to their agents. They are dedicated to helping you realize your property ownership dreams. Don’t delay—experience the luxury and comfort of the beautiful Costa del Sol today!
Contact Details
Centro Idea, Ctra. de Mijas km. 3,6
29651 Mijas, Málaga • Get directions
(+34) 951 774 547
info@mojosharing.com