Skift Take
Higher interest rates isn't always bad. For some businesses, it's a tailwind.
Berlin-based Myne, a platform for fractional co-ownership of vacation properties in Europe, is expanding to include vacation homes in Sweden.
Myne will initially offer four properties in the Stockholm Archipelago and northern ski resorts. Sweden is the latest addition to its list of countries that include Germany, Austria, Italy, Spain and France.
Myne was founded in 2021 as a co-ownership platform that allows individuals to purchase shares in holiday properties, starting from a minimum of 100,000 euros split evenly between equity and debt.
How does it make money? It takes a cut on the initial transaction and charges management fees and commissions for other purchases on its platform.
Myne’s expansion comes just weeks after Florida-based fractional ownership platform Here.co ceased operations. Skift spoke to CEO Nikolaus Thomale to discuss the company’s strategy, the business of fractional o