Fulfilling the dream of wwning a holiday home – with co-ownership

The market for holiday homes has been enjoying growing popularity for years. Particularly in popular holiday regions like Mallorca, Italy, and France, prices are continuously rising. In this context, many are asking: Is it worth investing in a holiday home? The answer might lie in the concept of Managed Co-Ownership, a proven principle that has already established itself with yachts and private jets and is gaining increasing importance.

The concept of co-ownership

Co-Ownership allows eight co-owners to jointly acquire a holiday home, sharing both the usage and the costs for the purchase and ongoing maintenance. Instead of fully owning a property and bearing 100% of the costs and the entire burden of management and upkeep, co-owners acquire a fraction of the ownership. With one share, you can use and enjoy the holiday home for 44 days a year, while also benefiting from potential appreciation in value. MYNE handles the professional acquisition, value-oriented maintenance, and management of the property – including coordination and communication among the co-owners.

Attractive cost-performance ratio

A key advantage of Co-Ownership lies in cost-sharing. The purchase price as well as ongoing expenses such as maintenance, insurance, and management fees are proportionally divided among the co-owners. This significantly reduces the financial burden on each individual co-owner, making entry into the holiday property market more accessible.

Flexibility and usage options

Another advantage of Co-Ownership is the increased flexibility. Co-owners can make the most of their property according to their individual preferences, thanks to the year-round availability of holiday homes, the complementary usage preferences of all co-owners, and MYNE's reservation rules via the MYNE app. Additionally, within the first 12 months after acquiring a share, there is an option to transfer ownership to an equivalent or higher-value MYNE property, or to sell the share after a minimum holding period of one year if personal circumstances change.

Emotional and financial return

In the long term, the Co-Ownership model offers not only an attractive option for personal use but also potential property value appreciation. Especially in sought-after holiday regions, co-owners could benefit from positive price developments. Additionally, MYNE can rent out the property during times when it is not being used by the co-owners, upon request. The resulting rental income is distributed to the co-owners at the end of the year. This creates an ideal combination of emotional return and potential for value appreciation.

Co-ownership vs. full ownership

MYNE Co-Ownership offers an attractive alternative to traditional property ownership. Instead of bearing the entire financial and organizational burden of owning a holiday home, MYNE enables individuals to become co-owners of a high-quality property in a prime location at a fraction of the cost. This innovative model not only ensures flexibility in usage but also minimizes risk through shared costs and professional management. Co-owners can focus on what matters most: enjoying their holiday, while MYNE takes care of the rest.