The OWNERS company brings to Greece the model of co-ownership of a second home, specifically in luxury homes.

In particular, as the company’s executives stated in an informational meeting, OWNERS is starting its activity in the Greek Real Estate market, introducing the new model of co-ownership in luxury holiday homes.

Easily, quickly and without hidden fees, interested parties can acquire a percentage of the home they desire at 1/6 the price (with the share reaching up to 1/2) and without being burdened with all the expenses and obligations of traditional ownership.

These are high quality properties in popular Greek destinations such as cosmopolitan islands, coastal areas, picturesque mountain villages, and even urban centers with a rich cultural heritage.

Each property is carefully selected, offering luxurious amenitiessuch as private pools and stunning views and meets the strictest quality criteria

OWNERS ensures that the co-owners are relieved of every aspect of managing the property, taking care of everything from insurance and accounts to maintenance and cleaning themselves, while at the same time equipping the property with consumables for the needs of the stay.

How does it work?

Each co-owner, thanks to the modern OWNERS App, gets full control of the property in real timebeing able to use it according to his rate, even in peak periods and book his stays easily and effortlessly.

Furthermore, he can communicate with the home manager of the house 24/7, ensuring personalized services, such as ordering food, requesting a chef for a special dinner or a caregiver for the youngest members of the family.

The reservation system of the platform operates on a 24-month rolling calendar, offering bookable availability starting from 2 days to 24 months later. The standard calendar year is not followed, but a continuous two-year framework is used.

The “Stay-IN” method ensures that all owners have access to the residence during peak periods or even the most desirable days of the year.

Second home co-ownership on the rise in Europe: Greece ranks 9th in terms of interest

The second home co-ownership model is rapidly gaining ground across Europe, according to a RE/MAX 2023 survey. Greece ranks 9th in Europe in terms of interest, with 67% of respondents considering co-ownership to be a smart response to rising property prices in the country, particularly in popular holiday destinations.

Accordingly, 65% of Europeans would consider co-ownership, with particularly high interest in Eastern and Southeastern European countries, where Turkey (79.9%) and Romania (75.6%) top the list.

Affordability is the most important benefit of co-ownership, with 21.6% of Europeans considering co-ownership as the only way to acquire a second home, especially in expensive markets such as Ireland, Malta and Greece. Also in the United States, Pacaso, a major player in the condominium market reported that 15-20% of secondary homes in prime tourist markets such as California and Florida are now purchased through condominium models.

OWNERS specializes in buying and selling luxury real estate, as well as in their subsequent management, providing a comprehensive system of services to co-owners. OWNERS’ vision, as noted, is to make luxury ownership accessible to more people. Through an innovative approach, Owners, through its platform (OWNERS App), as mentioned in the presentation, combines luxury with cutting-edge technology for the complete management of the property.