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.

How MYNE Homes makes global ownership easy: MYNE Homes on Founder's Story

MYNE ON THE FOUNDER'S STORY PODCAST

How MYNE Homes Makes Global Ownership Easy

Owning a holiday home is a dream for many, but turning that dream into reality has traditionally been a challenge. We’re excited to share that MYNE was recently featured on the Founder Story Podcast, where Nikolaus Thomale, our founder, explored how MYNE is transforming second home ownership.

Full episode here!

The Complexities of Holiday Home Ownership

During the podcast, Nikolaus explains that while owning a second home is a dream for many, only 2% of people realise this aspiration due to several significant challenges:

Affordability:
Luxury holiday homes in prime destinations often come with price tags far beyond the reach of most people. Beyond the purchase price, ongoing costs such as maintenance and taxes further compound the financial burden.
Underutilisation:
Most holiday homes are underutilised, sitting empty for up to 80% of the year. This inefficiency not only wastes resources but also makes the cost of ownership difficult to justify. Owners often find themselves paying for a property they rarely use, adding to the financial burden.
Complexity:
Navigating legal, tax, and administrative hurdles in a foreign country can be overwhelming. Cultural and language differences add additional layers of difficulty to the ownership process.

Listen to the podcast

How MYNE Solves These Challenges

Nikolaus details how MYNE’s co-ownership model addresses these obstacles:

Affordability: By dividing ownership into up to eight shares, MYNE makes luxury homes accessible to more people. Owners can acquire a share of a €2 million property for as little as €250,000.
Optimised Utilisation: MYNE’s scheduling system ensures that properties are used efficiently, maximising value for all owners while reducing waste. Owners share time equitably and enjoy their properties without worrying about underutilisation.
Hassle-Free Process: From legal checks to property management and maintenance, MYNE handles everything, allowing owners to enjoy their homes without stress.

Why MYNE Is Different from a Timeshare?

A key segment of the podcast focuses on how MYNE’s co-ownership model differs from traditional timeshares. Unlike timeshares, co-ownership with MYNE offers:

Real Ownership: Owners have a share in the property itself, which appreciates in value, unlike timeshares that offer only usage rights.
Flexibility: Owners can schedule their stays according to personal preferences rather than being restricted to fixed time slots.
End-to-End Management: MYNE provides a turnkey solution, covering all aspects of ownership, including maintenance, furnishing, and even resale support.

More about MYNE Co-Ownership