AVAY provides a co-ownership platform for vacation properties across Europe, allowing users to invest in fully managed real estate with high rental income potential starting from 5,000 SEK per share. This model addresses the issue of underutilized vacation homes by enabling shared ownership, reducing costs, and ensuring hassle-free property management.
Funding
$164.6K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Owning a vacation home outright can be expensive, and these properties often sit vacant for extended periods, leading to underutilization and unnecessary costs for maintenance and upkeep. Traditional timeshares offer limited flexibility and may not align with individual usage patterns or preferences.
Solution
AVAY provides a co-ownership platform that allows multiple individuals to jointly own and enjoy vacation properties across Europe. By fractionalizing ownership, AVAY makes it possible to invest in fully managed real estate at a fraction of the cost compared to whole ownership. The platform handles all aspects of property management, from maintenance and cleaning to interior design and booking, ensuring a hassle-free experience for co-owners. This model maximizes property utilization, reduces individual expenses, and provides access to desirable vacation destinations.
Target Audience
AVAY targets individuals and families seeking to own a vacation property without the full financial burden and management responsibilities, as well as those looking for flexible vacation options in desirable European locations.
Features
- Shared ownership model enabling investment in vacation homes starting from a fraction of the full price.
- Professional property management covering maintenance, cleaning, and upkeep.
- Interior design services to furnish and decorate homes for a luxurious experience.
- Online booking system for scheduling stays, ensuring fair distribution of dates across seasons.
- Access to a network of exclusive properties across Europe, with potential for exchanging time at different locations.
- Real estate ownership with potential for appreciation in value.