Finance

The homes are spread across several countries and destinations, which generally makes investing in a 21-5 share safer than buying a single holiday home in one location, where you would be 100% dependent on the stability of that area, both politically and economically.

Each country and area has its own price formation in the real estate market, which compensates for differences in economic cycles. For example, a downturn in the Spanish market will offset a potential upturn in the French market, and so on. In other words, a 21-5 share is more stable in price than an individual holiday home, making you less dependent on the price fluctuations of a single country.

The operating costs are based on the real income levels in each country and this also evens out the operating costs based on the expense levels of the countries.

Budgeting the operation of 5 homes abroad is not easy, but fortunately we have many years of experience with it, which reduces the risk of unpleasant surprises.

The common expenses a group cover all costs related to the operation of the homes, local taxes, administrative fees for 21-5, etc. The only additional expenses are cleaning and electricity, water and heating after each stay.

The common expenses do not include provisions for major maintenance. After the homes have been in operation for a few years, we have maintenance plans created for the 5 homes. Based on these plans, a reserve fund will be established to which the families will begin to contribute.

The homes are fully insured, but there can still be extraordinary or unexpected expenses when owning real estate. Anyone who has owned property has experienced unexpected costs during ownership. In that case, it's nice to be able to share those expenses with 20 other families.