In a new era of minimalism and mindfulness, consumers are turning to the sharing economy in a bid to level out the ownership of luxury goods. One sector where this trend is booming is real estate and EVEROMES is Europe’s market leading firm in the sector paving the way. The market-savvy prop-tech firm headquartered in Germany and Austria has quickly gained traction in the world of co-owned real estate.
For those who aren’t clued up on co-ownership, it marks a break from the old school timeshare model. By investing with EVEROMES you are entitled to a fractional share of the property and as its value appreciates, so do your profits. Typically the firm has seen properties increase 3-10% in their top vacation destinations over the course of a year historically. This contrasts to a timeshare where ownership is not divided between buyers and the equity remains with the original owner.
The ins and outs of co-ownership managed by EVEROMES
When you invest in an EVEROMES property you are the legal owner and entitled to a share of the real estate. Each property-specific holding company is set up for up to eight co-owners as this provides each co-owner with exclusive access of 45 days per year per share of 1/8th. Co-Owners can acquire between 1 up to 4 out of 8 shares.
The principles around the property purchase are the same as a regular real estate listing. Instead of purchasing a property, you will purchase a share in a property-specific holding company that holds the property on behalf of you and the other co-owners. The legal forms, as well as the closing process, are very similar.
House-hunting in the 5 most upscale European destinations
The company currently has a clutch of stunning multi-million dollar homes listed with JamesEdition, offering a share of between 1/8 to 4/8. These splits grant you 45 to 180 days exclusive access to the property per year, respectively. Here are some of the most lust-worthy properties which will quickly alert you to the benefits of managed co-ownership.
1. Prime views of Lake Garda from this contemporary terraced hangout – €627.000 for a 1/8 share
Perched above the popular town of Toscolano Maderno on the western shore of Lake Garda, this slick terraced villa promises to impress with its modern interior design. Villa Terrazza is spread across three floors and it offers four suites, all with impressive views. On the ground floor, there is a spacious open plan dining and living area, which makes for a great space to host guests. Other standout features include a glass-cased rooftop pool, a jacuzzi, sauna, manicured garden areas and a fitness area.
2. A refined Tuscan retreat with plenty of privacy – €976,810 for a 1/8 share
Escape to the country at this sublime former farmhouse in the heart of Tuscany. The picture-perfect six-bedroom home is set amid an exclusive 700-hectare estate, which enjoys maximum privacy. Stepping inside, you will find a vast living area on the ground floor, along with a dining area, a state-of-the-art kitchen, and a large pantry. The property also comes with an annexe building which can be used as a fitness centre and provides guests with an additional bathroom. All of the bedrooms are ensuite and one includes a large fireplace. Moving outside, there is a travertine pool with an infinity edge and plenty of patio space for entertaining.
3. One of the slickest design lairs on the Portuguese coast – €498,000 for a 1/8 share
As soon as you step into the striking double-height entrance hall of Casa Serena, you’re transported to another world where minimalist design combined with the acute attention to detail instils a welcome sense of calm. The layout is excellent with a large open living area, that includes a sitting room with a double-sided minimalist bespoke fireplace, a 10-person dining area, an open-plan kitchen area, and a good-size open office area with a floor-to-ceiling library on the top floor. A suspended staircase is extended by an open corridor with a glass floor. The villa has three large suites and a spacious master suite with a bath featuring a glazed ceiling.
The property also offers a modern overflow, several terraces, a magnificent SPA, and a fitness room. The larger, covered terrace and the pool boast a beautiful view of the ocean.
4. Villa with an infinity pool in one of Ibiza’s most desirable spots – €482,000 for a 1/8 share
Casa Rio, built in modern Finca style, is located within the exclusive development of Vista Alegre, near the village of Es Cubells on Ibiza’s south coast. Es Cubells is one of the most desirable destinations on the island, known for its tranquillity, privacy, and security – the perfect location for a vacation home. On top of this, Casa Rio is just a short walk from the beach and offers truly unforgettable sea views. With a usable area of 352 sqm, the 6-bedroom villa has a beautiful infinity pool and a chill-out area with a small garden. There is also a guest house on the property.
5. Prime mountain views from this slick chalet in the French Alps – €388,375 for a 1/8 share
Chalet Cupelin, located on the southern slope of the town of St. Gervais in the French Alps, has an authentic feel with a modern twist. The main living area has a lofty apex ceiling with wood detailing running throughout while slate flooring and a marble-clad kitchen injects a contemporary feel. Other equally attractive spaces in the converted farmhouse include five spacious bedrooms, a cinema room, a spa area with a sauna and a separate ski room which provides access to the garage. This spot provides you with fast access to the town, ski lifts, and summer trails.
The process of becoming a co-owner of a luxury vacation home
When it comes to the role of EVEROMES in the holding company, it manages the entire acquisition process, the ongoing management of the holding company as well as the potential re-sale of shares by co-owners. This includes setting up the property-specific holding company, evaluating the applicants who are interested in a co-ownership and running the closing process. If co-owners decide to sell their interest in the property, EVEROMES provides a marketplace to buy and sell shares to and from like-minded people.
Following the sale, EVEROMES manages all matters related to your shared home including maintenance, repairs, gardening, cleaning etc. but also requests from the municipality, tax authorities and other stakeholders.
On top of that, EVEROMES also offers a rental service for times the property is not used such that co-owners achieve a constant cash return on their investment beyond the value appreciation of their share value.
You can contact Everomes directly to find out more about co-ownership options in Europe’s top upscale spots.
Mobile:+49 8022 9392599