When you buy a time share you are paying only for the right to use the property at certain dates in a resort. In The Second Address model you are buying a share of a company (LLC specially tailored for purchase of property) where properties are purchased and registered. You will benefit from the appreciation of all the assets through out the years when the prices go up. Timeshares usually are not profitable invests and may end up with losses while fractional ownership is a profitable investment tool which your family can benefit through heritage in the future. Re – selling of time shares are also very difficult to find a buyer for the exact dates and location that you have but in The Second Address fractional home ownership model you co-own either one property or multiple homes through our collections with no restrictions of usage for particular fixed dates.

There are two ways to own a vacation home through The Second Address.

1- Create Your Own Fractional: By selecting any of the houses in the Second Address’s portfolio and sending us that you want to be a shareholder of this house by pressing the ‘Make This My Second Address’ button, our team will start the necessary work to transform the house into the Second Address model once the number of potential shareholders interested in the same house reaches a sufficient level. Properties that are in the process of being converted are removed from our portfolio for sale. During the conversion process of the house to the Second Address model, our team carries out the following tasks:

a- Conducts ‘due diligence’ on the legal and financial situation of the house and prepares a report

b- Identifies the deficiencies in the building by the technical team and prepares a list of work to be done

c- Makes an offer to the property owner based on the findings and, once an agreement is reached, establishes the company that will sign the purchase contract in which you will be a shareholder, and prepares all the necessary legal infrastructure

d- Carries out all necessary renovations and interior decoration of the house, purchases furniture, and completes all preparations for your move e- After the homeowners have moved in, it takes care of your house on your behalf under a maintenance and operation contract throughout the year and continues to work to ensure that your vacations go well.

2- Join One of Our Collections: You may choose to buy 1/16 share of one of our collections and enjoy full ownership of 4 luxury vacation homes in 4 different destinations.

We are excited to present to you our investment opportunity in real estate properties in Europe. Our investment strategy focuses on acquiring undervalued and distressed properties, allowing investors to start earning returns from day one. Through our brand, Second Address, we add value to the properties through refurbishment and interior design, resulting in approximately a 30% appreciation in the property value from the outset.

This added value not only increases the rental price but also enhances the sales price of the property, providing additional profitability for our investors. Furthermore, the properties are expected to experience appreciation over the years, varying according to the region where they are located.

As an example, one of our properties has a potential rental income of 234,000 euros annually based on average rental price of hot and low seasons through out the year. With % 65 occupancy rate it generates around 156 000 euro rental income. This property makes a profit of 106,000 euros after deducting the 50.000 euros of maintenance costs.

If you choose to buy from one of our collections instead of a single home then with a portfolio of four properties, our project is estimated to yield a total profit of 424,000 euros. As one of our 16 shareholders, you can expect an annual profit of 26,500 euros from your initial investment of 347,200 euros, resulting in a Return on Investment (ROI) of around 13 years.

We believe that this investment opportunity offers a strong potential for immediate returns and long-term appreciation, making it a lucrative choice for investors seeking profitable real estate investments in Europe.

Fractional ownership of a single home may sound as a good idea in the beginning but why to go for less while you may have better and more for same or sometimes even less money. That is the main reason why we chose to create collections that give more flexibility to homeowners compared to single home co-ownership models. Through our collections you own four homes with greater investment value in different locations with a usage flexibility of 12-20 weeks.

We choose houses from four different countries and regions that are located in the most popular vacation destinations in Europe. After ensuring that all four houses meet the criteria of “The Second Address”, we gather these properties under a single collection. We purchase these properties under a holding company that is established solely for this purpose and owned by only 16 families. As the sole owner of this collection, you become the sole owner of the properties. The difference between being a part of a collection and being a 1/4 shareholder of a single property is that, by paying the same amount, you become a 1/16 shareholder of 4 properties. As a homeowner, you will spend approximately 12 weeks in the houses, sometimes more depending on your vacation dates and family plans. Although there is no difference in usage periods, the main advantage of creating collections of houses is the diversification of investment risk among multiple houses in different destinations and the flexibility between lifestyles. You can sell your share in the properties at any time for any price, or leave it as inheritance to future generations.

By becoming a home owner with The Second Address, you automatically become a member of The Second Address Club through the shares you bought from the property or properties. All home owners are the members of a community under The Second Address umbrella consisting of like minded individuals . As a Club member, you can communicate with other members through the Partners Area section of the website, share all your experiences, and stay informed about local news and updates.

Additionally, by logging into the Partners Area section of the website with your membership details, you can swap a holiday reservation you made at your own property with another member who owns a property in a different location, without paying any additional fees. Through this house exchange feature, which is one of the most important advantages of The Second Address Club membership, you will enjoy the flexibility among different choices of houses and destinations.

When you decide to be a member of our community you buy a share of the company which represents either 1/16 fraction of the collection you chose or ¼ th of a single property. Each collection and property is purchased and registered on a different company and you become a co-owner of that company through the shares you buy. The cost of each share includes the actual purchase cost of that property (or all properties within the selected collection ), notary and translation expenses, agency commission fees, company establishment and legal services costs, renovation, repair, decoration, and interior design services for bringing the property/properties up to The Second Address criteria, new furniture and accessory purchases, and The Second Address service fee.

Whether you prefer to own a single property or join one of our collections, it doesn’t matter to us. You can visit all the properties or see other potential homes we are considering to add to the collection. As the properties are located in different countries, we can assist you with video calls and/or live connections. A member of The Second Address team will be happy to help you during your visits. It is very important to us that you are satisfied with the decision you make before proceeding with the purchase process.

We are aware that both the high costs and lengthy processes of obtaining golden visas and other EU residency permits pose a significant challenge for all investors seeking to move and reside freely in Europe. At The Second Address, we have developed a formula in collaboration with our solution partners and advisors who are world leaders in citizenship and residency permit matters, to address this issue for all our homeowners and their families. This formula is exclusively available for The Second Address homeowners.

All homeowners who wish to obtain an EU residency permit can, for an additional cost of 75,000 euros, have the right to obtain a permanent residency permit that can be renewed every 5 years for themselves, their spouse, and all children up to 18 years of age. Homeowners who wish to exit the residency permit program after 5 years and do not wish to continue can withdraw from the program by receiving back a portion of the amount they initially invested.

The Second Address team is the management company who is in charge of all maintenance. The holding company on which all the properties are purchased and registered sign a maintenance agreement with The Second Address and we take care of all errands such as paying the utility bills,following the tax payments,filing administrative duties, keeping the pool clean,doing the gardening and house keeping on the behalf of the homeowners against an annual maintenance fee paid by the homeowners.

Every homeowner pays an annual fee of approximately 12,000-14. 000 euro/ share for maintenance of property/ properties they own. This fee covers all utility bills,taxes,insurance, keeping the pool clean, gardening and house keeping before your check in and after your check out. You will have a 24/7 concierge service and a property manager who will assist you during your stay. The maintenance fee also covers some tiny repairs and costs of emergency cases.

The Second Address management fee is also included in the annual fee. Any extra services that you might need during your stay can be arranged by our concierge team for additional surcharge ( such as a chef or nanny at home, a car with a driver or assistance in shopping etc) Any damages given to home or its contents are charged to the homeowner who stayed during that period during the check out.

All the expenses and bills paid for the property/properties are kept and filed in seperate accounts and a detailed report is shared with homeowners regularly. We keep a full transparent accounting system where all homeowners can see the balance of the company, cash flow and expenses anytime they want.We also share an independant audit company report of the companies with the homeowners at the end of each year.

The Second Address works as a management company under a contract signed with the holding company of the properties where its functions and responsibilities are clearly set. In general The Second Address is authorised to run the day to day functioning of the properties mainly in the scope of maintenance.In addition to the above The Second Address is also authorised to rent out the properties as per the homeowners request for the periods that are not used. Any critical decision is taken by voting among the board of directors of the companies

We have our state of the art booking system that every homeowner has an access via our website with a personalized login and password. The booking system works based on points which are released in batches to homeowners.Each homeowner schedules their vacations on the calender where they can see all the properties and the available dates. Depending on the availability you can book your vacation .

All homeowners have equal points to spend for scheduling their vacations. In order to avoid the clashes and over booking we divide the weeks of each property in 4 different categories: super high, high, middle and low season. Each category costs different points and you may use your points for any weeks you wish. Depending on your preferences you may have 6-8 weeks of super high season vacation or extend it up to 20 weeks with low season. In general we expect an average of 12 weeks of vacation for each homeowner.

Our smart booking system works in such a logic that foresees all the potential clashes and has solutions for all different type of arrangements.

The waiting list and last time booking features ensure that the homes are not empty and will be always available for homeowners.

We want to create a community where stability is vital. Therefore we have a lock up period of 2 years after the purchase of the share which will prevent the rapid changes among homeowners . The primary purpose for that period is to provide confidence and reliability for all collections and their homeowners.

At the end of your lock up period you may sell your share yourself or we can do it for you. In case you find a buyer yourself you compensate the administration costs of The Second Address and you deal with the rest of it.

Fractional ownership is a very trendy and profitable investment. Besides the high demand in real estate market for luxury homes fractional ownership there are many platforms where fractional ownership shares are traded. The concept we created under collections has added a major value to the fractional ownership shares of our homeowners since there is not much alternatives in the same concept offering shares of multiple luxury properties for the same price of a single home fraction share.

Every homeowner is free to sell their share at any price they like. If you do not have an idea about the market value of your share then you may ask the assistance of The Second Address and our experts will help you to determine the right selling price.

You may also use our annual report as a reference where we submit a detailed market analysis report for the properties and you can see the appreciaton of each property compared to the purchase price.

Yes, all homeowners can rent some of their weeks and make additional income from their investment. Our model is a lifestyle investment where homeowners have the flexibility of enjoying homes during their vacation while having all the financial benefits of their investment. The Second Address rents out all properties on the behalf of the homeowners upon their request and take care of all the hassle since renting out is a process that might be tricky for many homeowners and The Second Address is responsible to take all necessary measurements to keep our community as a safe environment for all families. The rental income is transfered directly to the homeowners private bank account after deduction of management company fee.