Pacaso, the tech-driven real estate marketplace specializing in co-owned luxury vacation homes, has announced a significant expansion into Europe with the acquisition of three high-end properties. This move solidifies the company’s growing presence on the continent, with two residences in London and one in Paris, offering buyers the opportunity to co-own luxury homes in some of the most desirable destinations globally.
Austin Allison, CEO and Co-Founder of Pacaso, expressed excitement over the company’s international growth:
“We’re seeing increasing demand for vacation homes abroad, and all 16 shares in our latest Paris and Cabo properties sold out by the end of the year. We’re thrilled to continue providing the international properties our clients are seeking,” Allison said.
The newly acquired European properties include:
Kings Yard Penthouse (Mayfair, London): A modern three-bedroom, three-and-a-half-bathroom penthouse located on one of Mayfair’s exclusive gated streets, opposite the iconic Claridge’s hotel. The residence features expansive living spaces, luxurious interiors, spa-like bathrooms, and a private balcony with stunning views of one of London’s most prestigious neighborhoods.
Ebury Street (Belgravia, London): A renovated three-bedroom, three-and-a-half-bathroom residence that blends historic charm with modern design. This home offers high ceilings, a hand-carved marble fireplace, and a Juliette balcony, and is just steps away from Sloane Square and the chic boutiques and restaurants of Elizabeth Street.
Beaux Arts (Saint-Germain-des-Prés, Paris): A recently renovated three-bedroom, three-and-a-half-bathroom apartment located within walking distance of the Seine, the Louvre, and Notre Dame. The apartment boasts chevron wood floors, large windows, and modern amenities, offering a refined living experience in one of Paris’s most sought-after districts.
Pacaso’s co-ownership model allows buyers to share ownership of these luxury properties, with Pacaso managing the complexities of international legalities, taxes, and day-to-day operations. This approach eliminates the typical stress associated with owning a home abroad, providing a hassle-free experience for co-owners.
Joey Byrne, Head of Europe at Pacaso, highlighted the appeal of the service for American buyers:
“We’ve seen significant interest from U.S. buyers eager to own property abroad. Our model removes the friction and uncertainty of the process, and with favorable currency exchange rates, now is an ideal time for U.S. buyers to invest internationally,” Byrne said.
Founded in 2020 by Austin Allison and Spencer Rascoff, Pacaso offers a modernized approach to real estate co-ownership, allowing families to enjoy luxury vacation homes while Pacaso takes care of the logistics. The company curates private residences in premier destinations both in the U.S. and internationally, providing exceptional amenities, expert design, and seamless management.
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