The rental income of 7% is the budgeted gross rental income relative to the price of the acquired holiday homes. It includes registration fees, financing, settlement, other advisory costs, refurbishment, and furniture. The budget for joint expenses and the owners’ association typically covers expenses related to building insurance, renovation, property management, maintenance, caretaker services, WiFi, and any common areas.

Investering og Feriebolig A/S administration covers the costs of rental and administration. If we acquire a building or detached house, we assume responsibility for its operation, including maintenance and insurance, eliminating expenses for the owners’ association. However, there may be a small cost associated with the homeowners’ association. The value increase is conservatively estimated at 1.5%. If one expects property prices in Southern Europe (including Greece) and selected areas in Central Europe to regain lost value appreciation, the increase in value will be somewhat higher, presenting a significant potential upside. The board manages the ongoing surplus liquidity.