What is fractional ownership?
Fractional Ownership of a freehold property is quite simply owning a share of a property with other like minded people with the majority of the benefits of whole ownership at a fraction of the cost.
The concept is by no means new as fractional ownership has been around for 30+ years, however it is only until recently that it has really started to gain in popularity, so much so that it is now the fastest growing sector within the real estate industry with sales exceeding $1.5 billion in 2008.
The dream to own a beautiful holiday home can now for most people be a reality.
Choose from a beach, golf, ski, city or any other location and not only pay a fraction of the purchase price but also share the running costs with like minded owners.
It is very important to realise that this is NOT timeshare!
Not that there is anything wrong with timeshare as the likes of Marriott, Hyatt, Hilton and many other major hotel brands have proved, however the majority of timeshares are bought on a “right to use” basis which diminishes as time goes by, plus the running costs (maintenance fees) soon start mounting upwards when you look at owning multiple weeks.
With fractional ownership you will be buying a share of a freehold property which can be classed as an “appreciating asset” like most properties which are situated in desirable locations, plus you benefit from the best of both worlds as you not only save money on your initial purchase but you also get to share the running costs of your holiday home.
Every property is purchased fully furnished to the highest standard ensuring comfort and luxury during your stay and a professional management team will take care of the maintenance and administration of your luxury home.