Friday, August 02, 2024
Owning a luxury property in a prestigious global destination has always been a dream for many international buyers from Canada and the USA. Yet, the complexities of the international property buying process and ownership can be overwhelming.
Picture yourself owning a luxury residence just steps from the Louvre in Paris or a breath-taking home overlooking the vibrant streets of London—without any of the usual stress!
This is where Pacaso steps in. As a pioneer in co-ownership, Pacaso is transforming the way we view vacation home ownership in iconic locations like Paris, London, and Mexico. In a recent webinar with Pedro Saldivar, Head of Sales for Mexico, and Joey Byrne, Senior Director of European Expansion, the advantages and simplicity of Pacaso's model were explored in depth.
Joey Byrne highlighted Pacaso's impressive success in European markets, noting that a recent Paris property—just steps from the Louvre and other iconic landmarks—sold out in under two weeks. This swift turnover underscores both the high demand for luxury real estate in major global cities and Pacaso's effectiveness in meeting this demand.
Byrne also pointed out the financial advantages of owning a luxury home in Europe compared to the US. Operating costs in cities like London and Paris are notably lower due to more favorable property tax rates.
For instance, a $4 million property in Paris incurs an annual property tax of around $4,000. This results in significantly reduced monthly expenses for co-owners. Specifically, a one-eighth share of a Parisian home has total monthly operating costs of about $820—less than the price of a single night in a luxury hotel.
This makes owning a piece of Parisian luxury not only attainable but also exceptionally cost-effective.
On the other side of the Atlantic, Pedro Saldivar emphasized Pacaso's unique approach to luxury property ownership in Mexico.
A key aspect of Pacaso's model is its commitment to providing a seamless experience for owners. Unlike traditional property purchases, which can be plagued by delays and logistical challenges, Pacaso’s team manages everything with efficiency.
This ensures that owners can enjoy their luxury homes without the usual hassles, from the purchasing process through to management and maintenance.
Pacaso’s innovative approach to international property ownership provides a compelling solution for those seeking to invest in luxury homes abroad. By simplifying the process and offering cost-effective options, Pacaso makes it easier than ever to own a piece of some of the world's most desirable locations.
Whether it's a charming Parisian apartment, a sophisticated London residence, or a stunning Mexican getaway, Pacaso’s co-ownership model is setting a new standard for luxury property investment.
If you're so curious and ready to leap into your dream, take a look at the upscale Pacaso homes for sale in Europe or Florida, and discover a new way to own your dream vacation home.
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