In a recent episode of Buy & Hold, Till I'm Old, host Fabian Jakobs interviewed Nikolaus Thomale, founder of MYNE, to delve into the benefits of co-owning a holiday home. With prices for holiday properties soaring and usage often low, many prospective buyers are turning to more intelligent, flexible ownership solutions. MYNE offers just that.

This article distils the key insights from their conversation and explores how MYNE's innovative co-ownership model makes luxury holiday homes more accessible without sacrificing comfort, exclusivity, or financial responsibility.

Market Context: Why Holiday Home Co-Ownership Is On the Rise

Demand for holiday homes has surged post-pandemic, yet traditional ownership models face mounting challenges:

• High entry barriers: Luxury holiday properties frequently exceed €1 million, and financing abroad can be nearly impossible.

• Under-utilisation: On average, second homes are used just 6–8 weeks per year.

• Complex upkeep: Handling maintenance, legal compliance, and seasonal needs can be overwhelming, particularly in another country.

As Nikolaus Thomale explains, "There’s a German saying: 'Once you own a holiday home, the holidays are over.'"

Key Insights from the Podcast with Nikolaus Thomale

• MYNE enables 2 to 8 people to co-own a fully furnished, high-end holiday property.

• Comprehensive service: MYNE manages everything from property search, legal structuring, and financing to furnishing and a 24/7 concierge.

• Intelligent booking system: A smart app ensures fair and flexible access to the property.

• Exceptional flexibility: Owners can swap stays with other MYNE properties across 25+ destinations.

• Accessible pricing: Shares start from around €100,000, with options up to €800,000 – all-inclusive.

How MYNE Addresses the Ownership Challenges

MYNE tackles the inefficiencies of full ownership head-on:

• Shared costs: Purchase and maintenance costs are divided proportionally among co-owners.

• Higher usage rates: A well-designed booking system and complementary owner profiles ensure better occupancy.

• Less stress: MYNE's premium service means owners can relax and enjoy their property without the typical burdens.

Why Now Is the Ideal Time to Consider Co-Ownership

• Changing lifestyles: As families evolve, flexibility is increasingly important.

• Property inflation: Real estate prices are rising faster than earnings.

• Supply constraints: New regulations in many regions limit second-home construction and short-term rentals.

Reimagining Second Home Ownership with MYNE

Whether you're dreaming of a coastal retreat in Mallorca, a winter getaway in the Alps, or a city break in London, MYNE offers access to exclusive properties without the demands of sole ownership.