Serviced co-ownership of holiday properties and its effectiveness

The sharing economy is becoming an increasingly popular trend in many areas of life, from transport to accommodation to holiday home ownership. And it is serviced second home ownership that brings a number of advantages over the traditional model where a single owner owns the entire property.

Main benefits of serviced co-ownership:

1. Lower entry costs – instead of buying the whole property, you only need to invest a fraction of the price of the share. This opens up the possibility of acquiring a second home even for those for whom the entire property would otherwise be financially unaffordable.

2. Cost sharing – any maintenance, repair, energy or management costs are shared between the co-owners. Everyone pays only part of it, which is more financially advantageous and less burdensome in the long run.

3. Flexibility and convenience – co-owners enjoy their second home within predetermined periods of the year. Besides, they can easily exchange or rent their stay, so they are not tied to one place and time.

4. Professional management – in a serviced co-ownership, a management company takes care of everything, providing bookings, cleaning, handing over the keys and solving any problems. So the owners don’t have to worry about anything.

5. Income opportunity – when the owner is not using the property, it can be rented out on a short-term basis to generate passive income to cover some of the costs. For proven sites, the yield may even exceed the costs.

6. Diversification of investments – the purchase of a stake allows you to invest even smaller amounts in a property in an attractive foreign destination. This allows people to spread their portfolio advantageously.

The efficiency of serviced co-ownership lies mainly in the fact that people pay only for what they actually use. At the same time, they do not have to worry about anything and can flexibly use other properties within the co-ownership network. This removes the disadvantages and worries associated with maintaining a second home, but retains all the advantages of having your own facilities in a popular destination.

The growing popularity of this model shows that more and more people are discovering the benefits and efficiencies of serviced co-ownership. This makes holiday properties more accessible to a wider group of people, which fulfils the essence of the sharing economy.