How to sell a co-owned property

Can I sell just my share?

Yes. Each co-owner may sell their share to whomever they wish. However, the law grants the other co-owners a right of first refusal: before selling to a third party, you must notify them of the price and the conditions, so that they can, if they wish, buy on the same terms. Only then can you complete the sale to someone else.

What about selling the whole property?

To sell the property in its entirety, the agreement of all the co-owners is required — everyone signs the deed of sale ("escritura"). This is usually the route that achieves the best value, because a whole property is more attractive than a partial share, but it depends on the parties reaching an understanding.

When the owners cannot agree

If the co-owners cannot reach an agreement, the law provides for what is known as an action for division of common property, which can end with the sale of the property and the division of the proceeds. It is a slower, more litigious route, and normally a last resort.

How a single offer unlocks the process

Many co-ownership situations remain stuck for years because each owner has different expectations. A purchase offer for the whole property, presented clearly to everyone at the same time, puts a concrete figure on the table that the co-owners can accept together — turning an asset that is hard to divide into a cash sum that is simple to share out.