What exactly do I buy at MYNE Homes?

Investors buy shares in a GmbH & Co. KG that owns the holiday property. This means they do not directly buy the property but shares in a company that owns the property.

How does the use of the property work?

Each shareholder has the right to use the property proportionally. Usage is fairly distributed among the owners according to a set of rules so that everyone can use their desired times.

What are the ongoing costs?

Ongoing costs are proportionally allocated to the owners. These include maintenance, management, and any renovations of the property.

Can I resell my share?

Yes, shares can be resold at any time. MYNE Homes assists owners in marketing and selling their shares.

Is there a way to finance the share?

In Germany and Austria, there are already financing options for shares. MYNE Homes is working on offering these options in other countries as well.

Holiday Home Co-Ownership: A Smart Investment for the Modern Traveller

MYNE ON THE FIX & FLIP PODCAST

Holiday Home Co-Ownership: Is It Worth It?

Holiday home co-ownership with MYNE offers a smart alternative to traditional property ownership, combining lower costs, greater flexibility, and premium service. By enabling multiple parties to share a fully managed, luxury property, MYNE opens up access to second homes across Europe without the burden of sole ownership.

Full episode here!

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.'"

Listen to the podcast

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.

More about MYNE Co-Ownership