Co-ownership: The key to high-quality holiday ownership for one in four Germans

A recent study by EY sheds new light on the real estate industry, especially in the holiday property sector. According to this study, the model of co-ownership could enable one in four Germans to dream of a high-quality holiday home. These findings offer exciting prospects for investors, property owners and those who would like to become one. The full article and study results can be found on Business-on.de.

What is co-ownership?

Co-ownership, also known as co-ownership, is a form of real estate acquisition in which several parties share a condominium or vacation home. Each owner has the right to use the property for a certain period of time in the year, which significantly reduces the cost of purchase and maintenance.

The benefits of co-ownership

The EY study highlights that co-ownership not only reduces the financial burden on individuals, but also opens up access to real estate in prime locations that would otherwise be prohibitively expensive. This model also promotes a more sustainable use of resources, as the property is used and maintained all year round.

Why now?

At a time when flexibility and efficiency are paramount, the co-ownership model meets the needs of many potential buyers. The pandemic has also reinforced the desire for a safe retreat and the importance of quality leisure and recreation. Co-ownership also allows middle-income people to enjoy such luxuries.

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The EY study underscores that co-ownership is much more than just a financial decision. It is a lifestyle that reflects the desire for flexibility, sustainability and community. For the real estate industry, this means a potential shift towards more community ownership and a move away from traditional ownership models.

Co-ownership could therefore not only represent a revolutionary change for the holiday property market, but also have a significant impact on the way we think about ownership and residential use.

For more information on the EY study and detailed insights into the opportunities offered by co-ownership, please visit Business-on.de.