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Be a co-owner in the property of your dreams

Whether in Mallorca, the Alps or on the North and Baltic Seas - the real estate market in the popular holiday regions is booming. Not least due to the worldwide pandemic, the desire for a holiday home with a corresponding amount of space and sufficient privacy has become even greater. High-quality properties are rare and becoming more and more expensive. With the concept of co-ownership, the dream of a second home can nevertheless become reality. The idea originates in the USA, where this concept is currently going through the roof: Co-ownership definitely represents an attractive alternative to classic holiday homeownership. The platform MYNE has brought the model to Europe and offers premium properties in top locations in the most beautiful regions for share purchase. With the current high demand for holiday properties, this new ownership concept seems to be just the thing.

A pioneering alternative to sole ownership

It often turns out that one's own holiday property remains unused for most of the year. At the same time, it causes high running costs, even after the purchase. Most holiday properties are only used by the owners themselves for six to eight weeks per year. Nevertheless, owners have to bear the entire purchase price as well as the running costs alone. With co-ownership, those interested in a holiday property can secure high-quality ownership at a fraction of the costs normally required. This immediately invalidates the main arguments already mentioned against buying your own holiday home.

Let's take a look at how co-ownership works

As a co-owner, one acquires one-eighth, one-fourth or one-half of a German GmbH & Co. KG, which is set up exclusively for this one property and is the registered owner of the holiday property in the land register - at a fraction of the actual purchase price. Your guarantor and reliable partner is a management company that offers a comprehensive service. You can visit your second home several times a year, depending on your time and taste. With co-ownership, you have a guaranteed right of use corresponding to the share you have purchased. For example, if you purchase an eighth of the property, you can use it for at least six weeks a year; if you purchase a quarter, you can use it for as little as three months. In addition, there is the security that only your own property can offer you: No unpleasant surprises or uncertainty, but a pleasant familiarity awaits you on site. Then there is the planning security: If you want, you can reserve your stay - conveniently via app - up to 24 months in advance. All communication takes place via the MYNE owner app, and the property management ensures that everything is perfect when you arrive.

Carefree ownership: arrive and enjoy

In addition to the significantly lower costs, there is another key advantage. Those who purchase a holiday property, especially abroad, in the traditional way are often confronted with a high level of bureaucracy and even higher costs for surveyors and lawyers who fight their way through the jungle of required papers, local guidelines and laws for the new owner. This is no longer necessary! Providers like MYNE manage all aspects around the purchase of the property, the furnishing, the ongoing management and the on-site service including maintenance and cleaning. To put it in a nutshell: Co-Ownership offers you a smart and flexible way to own your own second property - without the work and stress of a regular homeowner or the expense and planning involved in a rented holiday home.
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