Start-up Beyoul sells holiday homes to several owners
The young company Beyoul puts holiday properties up for sale on a pro-rata basis. Through the co-ownership model, several parties can own a share of the property and use it accordingly. In addition, the start-up manages the houses and flats and maintains them.
The Zurich-based proptech start-up Beyoul makes holiday homes and flats available to several parties via a platform. In this way, two to eight owners can buy a property together, according to a media release.
This so-called co-ownership model reduces the costs for the purchase as well as for the maintenance. In addition, the maintenance costs and expenses associated with a second home are included in the price at Beyoul. Another advantage is that the properties are less likely to be vacant. This benefits the local economy.
According to the press release, every tenth household in this country owns at least one holiday home. However, it is only used for an average of ten weeks a year. With the co-ownership approach, Beyoul wants to “adapt the ownership relationship to its own use”.
A property at Beyoul is acquired by “two to eight parties with as complementary a use as possible”. The owners can dispose of the property according to their share. They reserve stays via an app. According to Beyoul, a fair distribution is ensured by a credit system in connection with a smart algorithm.
Like an administration, Beyoul also takes care of the cleaning after each stay, the maintenance as well as the upkeep of the furnishings and the house.
Beyoul is a concept of the Zurich-based Aquilas Company Builder AG. The consultancy company launches and scales innovative concepts in the field of global urban trends.