What's MYNE Co-Ownership?
With this innovative property concept, two to eight Co-Owners with compatible usage needs jointly own their dream holiday home. They share occupancy, costs, and rental income. Simply arrive, switch off, and enjoy. MYNE does the rest.
How does MYNE work?
In popular locations, the prices for holiday homes have risen dramatically in recent years, as have running and upkeep costs. With MYNE Co-Ownership, Co-Owners only have to cover a fraction of the purchase and maintenance costs.
According to research, typical owners of holiday homes only use their property for 6 – 10 weeks of the year. A significant number of homes sit empty the rest of the year – which isn’t good for the home, the community, or the environment.
High-quality holiday properties have proven to be the perfect blend of value appreciation potential and emotional return. MYNE co-owners enjoy holidays in their property while also benefiting from its value growth. They can also rent it out to third parties if required.
Owning a holiday home comes with challenges auch as distance, language barriers, and legal complexities. MYNE manages everything, from purchase to professional maintenance and securing your investment. At the same time, you maintain full day-to-day control over the management of the property.
How to share a holiday home?
All MYNE homes are located in regions with good infrastructure (including shops, restaurants, and bars with off-season opening hours). In addition, all homes are equipped for all seasons, e.g., with a pool, sauna, gym, and fireplace.
MYNE brings together owners whose needs are compatible. For example, families with school-age children from different regions (so they don’t have the same school holiday times) are paired with couples without children, or families with adult offspring.
To ensure fair distribution of property usage between Co-Owners with compatible usage needs, the MYNE reservation system has transparent reservation rules.
All MYNE homes are located in regions with good infrastructure (including shops, restaurants, and bars with off-season opening hours). In addition, all homes are equipped for all seasons, e.g., with a pool, sauna, gym, and fireplace.
MYNE brings together owners whose needs are compatible. For example, families with school-age children from different regions (so they don’t have the same school holiday times) are paired with couples without children, or families with adult offspring.
To ensure fair distribution of property usage between Co-Owners with compatible usage needs, the MYNE reservation system has transparent reservation rules.
Efficient property purchase, including legal and tax concerns
Professional property management and maintenance to secure your asset
Coordination with all Co-Owners, service providers and authorities
24/7 MYNE service for all questions or concerns via phone, email, and WhatsApp
Concierge services, such as grocery shopping, or travel organisation
High-quality holiday homes and apartments in the most desirable holiday locations in Europe.
We arrange an individual meeting to answer any questions about the concept of "Managed Co-Ownership".
We organise an on-site or video viewing of your preferred holiday property.
You are a true property owner, and so benefit fully from the potential appreciation in property value.
While you maintain day-to-day control over the management of the property - MYNE takes care of all property administration, from value development to professional property management, including coordination with your Co-Owners.
You can request to swap stays with other MYNE Co-Owners to discover and enjoy other properties under MYNE management.
"Luxury holiday homes in demand even during the crisis: Berlin start-up MYNE Homes is expanding to Sweden. The company offers co-ownership of holiday homes, from 50,000 euros equity. The founder sees great opportunities in Scandinavia."
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"Mine, yours, our holiday home. The startup MYNE allows customers to purchase shares for a holiday home online. Now the proptech is taking over its competitor Villacircle."
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"The luxury holiday home-startup MYNE acquires its rival for several millions. The Berlin-based company wants to expand in Europe and wants to recreate the US success with its sharing model for holiday homes. The acquisition of Villacircle should enhance its growth."
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"The Berlin-based company MYNE is further cementing its position as the European market leader for managed co-ownership of high-quality holiday properties. After Germany, Austria, Italy, Spain, Portugal and France, the company, which was founded in 2021, is now expanding its offering to include holiday homes in Sweden."
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"MYNE sells shares for luxury holiday homes […] that MYNE customers do not rent like an Airbnb but acquire with other people a shared property. Its portfolio entails thatched roof houses at the Baltic Sea, lofts in Ibiza, and chalets in the mountains of Austria. The idea is that MYNE searches and purchases these holiday homes which customers can invest in from 50,000€."
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"The Berlin-based real estate startup MYNE acquires its German competitor Villa Circle. MYNE sells shares for holiday homes and was able to collect 23.5€ million from investors (as Tagesspiegel reports). The acquired company Villa Circle […] offers shares for holiday homes in Spain, Austria, Germany, and France […]."
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"Who owns and not only rents out profits from increases in value. This especially holds true at popular destinations. […] Holiday homes are also a financial investment."
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"How does the business model exactly work? – Our business model makes it possible to divide the acquisition and maintenance costs of holiday homes proportionately among co-owners while achieving the ideal utilization of the property…"
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"MYNE wants to enable more Germans to own their own holiday homes with the so-called “Managed Co-Ownership”. To achieve this, they bring people together to share ownership. Their promise: “We make owning a high-quality holiday home either in Germany or abroad easier than ever before in a value-optimised way.""
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“The real estate market is large and fragmented and therefore, confusing for small investors. […] Digital platforms make it possible to overcome these barriers and provide direct access to a new target group.”
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"Co-ownership is the game changer for those who dream of owning a holiday property in a top location but are put off by the high monthly costs. [...] This makes the dream of a lucrative or even important investment for own use possible for more people, even with rising interest rates."
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The young company's business model is quickly outlined: According to Löhmer, Myne Homes looks for attractive holiday properties in popular holiday regions. "We buy the properties, upgrade them and transfer them into a legally and fiscally optimised structure for co-ownership." Customers can then purchase their share "at the click of a button" via the website.
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"The German start-up scene relies on MYNE - a start-up that enables the partial purchase of a holiday property from 50,000 euros. The company takes care of the furnishing and management of the holiday home in what is known as co-ownership."
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"In the world of the property market, a fascinating approach has recently become established that focuses not only on financial foresight but also on social contact: The co-ownership model of holiday properties."
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"The MYNE concept: share the costs, enjoy the benefits. What stops most people from investing in a holiday property is the unsuitable cost-benefit ratio, explains Thomale. "The purchase and maintenance costs are too high for most people and investing in property, as well as the ongoing operation - especially abroad - is complicated."
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"As the holiday market starts to bounce back after COVID, fractional ownership of holiday homes is becoming increasingly popular."
Read articleYou are a true property owner in a shared purchase deal, secured by entry in the land register.
You benefit from the value development of your holiday home, proportionate to your investment.
As a Co-Owner, you naturally have a say in all matters concerning your holiday property, proportional to your share.
As a co-owner, you can easily sell your share at market value.
As a Co-Owner, you retain day-to-day control over the management of the property, even though MYNE handles all aspects of its upkeep and administration.
With a timeshare, you only acquire the right to use the property, without being an owner.
You do not profit from the increase in value of your property, or build equity.
You have no right to decide on any issues concerning your holiday home.
Sales of timeshare investments are often complicated and take a long time to complete.
You have no day-to-day discretion or control over the management of the property.
You are a true property owner in a shared purchase deal, secured by entry in the land register.
With a timeshare, you only acquire the right to use the property, without being an owner.
You benefit from the value development of your holiday home, proportionate to your investment.
You do not profit from the increase in value of your property, or build equity.
As a Co-Owner, you naturally have a say in all matters concerning your holiday property, proportional to your share.
You have no right to decide on any issues concerning your holiday home.
As a co-owner, you can easily sell your share at market value.
Sales of timeshare investments are often complicated and take a long time to complete.
As a Co-Owner, you retain day-to-day control over the management of the property, even though MYNE handles all aspects of its upkeep and administration.
You have no day-to-day discretion or control over the management of the property.
You would like to use your holiday home for one to six months of the year.
You only want to pay for the use of your property in proportion to the amount of time you spend there.
You would rather relax and enjoy your holiday home rather than worrying about management and maintenance.
You want to easily own property in different locations at home and abroad.
You want to benefit from both the potential value appreciation and the pleasure of living in a stylish and comfortable home.
You want to spend more than six months of the year in your holiday home.
You are planning to make your holiday home your main residence in the future.
You are happy to take care of things like incidental purchase costs, maintenance, and upkeep of the property yourself.
With the MYNE Owner App, you can manage your property, arrange a stay, and book concierge services on your phone.
Easily manage your property
Intelligent reservation system
Request additional services with ease
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