Flyway utilizes PropTech to facilitate affordable second home ownership in major European capitals by offering a streamlined platform for property management and investment. This approach addresses the high costs and complexities associated with purchasing and maintaining a second home in urban areas.
Funding
$10M 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 second home in major European cities is often prohibitively expensive and complex, involving significant upfront costs, ongoing maintenance responsibilities, and the challenges of remote property management. Traditional second home ownership models lack flexibility and accessibility, limiting opportunities for individuals seeking fractional or shared ownership options.
Solution
Flyway aims to democratize second home ownership in prime European locations by providing a platform for co-ownership and hassle-free property management. The company facilitates the purchase of shares in desirable properties, allowing multiple owners to enjoy the benefits of a second home without the full financial burden or management responsibilities. Flyway handles all aspects of property upkeep, rental management, and legal compliance, ensuring a seamless and profitable ownership experience for its users.
Target Audience
Flyway targets individuals and families seeking to own a second home in major European cities but are deterred by the high costs and complexities of traditional ownership.
Features
- Fractional ownership model enabling shared investment in high-value properties
- End-to-end property management services, including maintenance, cleaning, and repairs
- Rental management services to generate income when the property is not in use by owners
- Legal and administrative support for co-ownership agreements and compliance
- Online platform for managing ownership shares, booking stays, and tracking property performance