Founder's Story

Buying Global Real Estate: How Nikolaus Thomale and Myne Homes Makes Global Ownership Easy | S2 Ep. 159

16 Dec 2024

15 min

7575 words

1 speakers

16 Dec 2024

Audio

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On this episode of the Founder’s Story, guest host Vanessa Antonio interviews Nikolaus Thomale, who explains how Myne Homes is closing the gap between the dream of owning a second home and the reality that very few people do. They discuss the barriers—affordability, underutilization, and complexity—and illustrate how Myne’s fractional co-ownership model overcomes them. Nikolaus clarifies how this differs from traditional timeshares, and details the resale process. The conversation wraps with a look at Myne Homes’ growth, the possibility of a future IPO, and how interested buyers can easily get started.Key Topics & Discussion PointsThe Desire vs. Reality of Second Home OwnershipUnmet Demand: According to Nikolaus over half the population dreams of owning a second home, yet fewer than 2% do so.Three Main Barriers:Affordability: Luxury vacation homes have a steep price tag, particularly in prime European locations.Underutilization: Second homes typically sit empty up to 80% of the year, wasting resources.Complexity: Managing property from afar—across different jurisdictions, tax regimes, and languages—deters many would-be buyers.The Myne Homes SolutionFractional Co-Ownership: Up to eight individuals share ownership of a high-end property, making it attainable at a fraction of the cost.Full-Service Management: Myne Homes handles everything from maintenance and furnishings to property management and owner storage, ensuring a seamless experience.Proven Track Record: With over €100 million worth of homes sold and desirable European destinations such as Mallorca, Tuscany, and the Alps in its portfolio, Myne Homes helps owners enjoy premium properties without hassle.Buying from the U.S., UK, and BeyondGlobal Accessibility: Non-EU citizens, including those from the U.S. and UK, can invest in Myne Homes shares, circumventing many complex entry barriers into European real estate.Resale Made Easy: Owners selling their fraction can do so just like selling traditional real estate. Myne Homes supports the process, and many sellers have experienced appreciation for their investments.Not a Timeshare—Real Co-OwnershipOwnership of Property, Not Just Time: Unlike timeshares, Myne Homes buyers own a fraction of real estate.Hassle-Free Group Ownership: Think of co-owning with friends or family, but without the interpersonal complexities. Myne Homes manages all the logistics.Interest Rates and Market ConditionsA Model That Endures: The fractional model appeals in both low and high-interest-rate environments. When interest rates rise, purchasing a whole second home becomes even less attainable, making the Myne model more attractive.Looking Ahead: Potential IPO and Mission-Driven GrowthLong-Term Vision: Myne Homes addresses a massive €4.9 trillion market of underutilized second homes.Possible Public Listing: While future steps depend on market timing and the company’s maturity, an IPO could be on the horizon as Myne Homes scales.Getting Started with Myne HomesSimple, Digital Onboarding: Interested buyers can browse available properties at www.myne-homes.com.Immediate Enjoyment: Ownership can be completed in a matter of days, enabling new owners to start planning their first stay almost right away.Resources & MentionsMyne Homes Website: www.myne-homes.comDestinations: Mallorca, Tuscany, the Alps, and other top European holiday spotsContact Myne Homes: Inquire online, request a viewing, or speak with an agent for personalized guidanceOur Sponsors:* Check out Indeed: https://indeed.com/FOUNDERSSTORY* Check out Northwest Registered Agent and use my code FOUNDERS for a great deal: https://northwestregisteredagent.com* Check out Plus500: https://plus500.com* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com

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Join Avocado's mission to be one of the world's most sustainable brands at avocadomatris.com. Good day and welcome to The Founder's Story. I am Vanessa Panez, your host. Today, we are going to have Nicolas Tomale, who is the founder and CEO of Mine Homes, the leading European platform for co-ownership vacation homes. Nicolas, welcome. Vanessa, thanks for having me.

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Our pleasure. So, Nicholas, my first question for you would be more than 50% of the population dreams of owning a second home, but only as little as 2% do. Why is that?

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Well, that's a really good question because it's probably something that we've all experienced, right? You spend time at a really nice place, your vacation maybe with family and friends. And at some point, somebody comes up with this idea of maybe owning a second home there at this place and really staying there a lot more time. And a lot of people do.

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And less than 2%, as you rightfully mentioned, actually turn this dream into reality. And that's mainly for three reasons. Number one is affordability, right? A dream home, a second home, especially like three, four bedrooms right next to the sea. That has become really, really expensive. And most people simply can't afford them.

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And the second reason is that these homes then actually sit empty 80% of the year. So underutilization of these places is a really big issue. That means the waste of economical, ecological, and socio-economical resources. So a lot of people who can afford actually don't want to because of this underutilization.

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