If you have always dreamed of enjoying the endless Greek coastline while boating on your own yacht, but owning a boat seemed too expensive, you may be surprised to discover that your dream might not be as unreachable as you once thought.
Owners.gr, the first co-ownership marketplace for luxury secondary homes in Greece, has extended its offer from real estate to fractional boat ownership, collaborating with Greek Rigid Inflatable Boat producer Ribco.
Like the luxury secondary homes co-ownership model launched by Owners.gr in late 2024, their pioneering boat co-ownership model they present is revolutionizing the market as it makes boat ownership more affordable, hassle-free, and cost-efficient.
“The average luxury boat owner only uses their boat for one full week and maybe a couple of weekends through the year, which makes maintenance costs disproportionately high for an individual user, while investing their money in the acquisition becomes rather precarious,” says Owners.gr co-founder, Kostas Pappas. “Those are the main reasons that make the fractional boat ownership solution that we offer so enticing.”
Aspiring fractional boat owners can acquire up to a quarter of a luxury boat for a fraction of the price. They also benefit from hassle-free ownership, as maintenance costs are split among all the co-owners and handled by the service provider, Owners.gr.
Co-owning a luxury boat offers many advantages compared to full vessel ownership.
First, it allows the co-owners to split both the initial purchase cost and ongoing expenses; in the case of Ribco Marine boats, offered by Owners.gr, share prices in 2025 start at €98,000 for fractional ownership, as opposed to a total cost of €300,000 to €600,000 for full ownership.
Unlike boat clubs or rentals, fractional ownership gives each co-owner equity in the asset, which means they own a share of the boat and can resell it in the future, guaranteeing their money won’t lose value as an investment.
Owners.gr’s fractional boat ownership service includes a built-in resale strategy. After five years, the boat is sold, and the resale profits are distributed among the co-owners to ensure a smooth exit with financial returns, on top of the lifestyle benefits they have enjoyed from their boat ownership.
Any necessary maintenance, insurance, and logistics costs, such as docking fees and seasonal storage -all those hidden burdens that add up disproportionally in full ownership- are fairly split among share owners and handled by Owners.gr, thus providing a completely stress-free ownership experience.
Luxury boat co-ownership also makes more sense in terms of environmental awareness. Fractional ownership reduces unnecessary production and underutilization of boats, making it a more environmentally sustainable alternative to traditional yacht ownership.
Once a co-owner has selected their boat among premium Ribco Marine models and purchased their share, they can start enjoying boating by booking their days of usage on the dedicated Owners App.
The fair usage of the co-owned luxury boat for all its share owners is based on a point-based reservation system introduced by Owners.gr, based on seasonal demand.
Depending on their percentage of ownership of the boat, each co-owner is allocated a specific number of usage points, which are then translated into days of booking. During peak season, that is July and August for Greece, each day of usage is charged as three points; during spring and fall, each day costs two points; and in the off-season, you only spend one point per day on the boat.
Nonetheless, each co-owner is guaranteed at least one full week of boat usage in July and August, plus flexible weekends throughout the year.
At the same time that the market is becoming familiar with fractional boat ownership and its significant advantages, Owners.gr has amended its popular luxury secondary home co-ownership model to allow the rental of a property for as long as the co-owner isn’t staying in, per their usage rights.
The new, hybrid model of luxury secondary home co-ownership was triggered by requests expressing interest in buying a share in a property and keeping the flexibility to rent it for any allocated days that the co-owner will not be staying.
This can maximize the potential usage per co-owner even when they are not planning to use their property, and generate a direct income on their investment.
On this hybrid model, a co-owner can stay at the property for a portion of their allocated usage time per year and rent it for any remaining days they are entitled to use.
For this reason, the Owners App has been updated with the option to synchronize with popular booking apps like Airbnb or Booking.com, to facilitate the rental of the property whenever it becomes available, even on short notice.
