What is Fractional Ownership?
Fractional ownership enables people to own an interest in a luxury property (often in an exclusive holiday resort or glamorous city centre location) that they might otherwise be unable to afford. It is equally attractive to those who can afford to purchase property outright, but do not have the time to use or maintain it all year round.
We currently offer two share options. A twentysixth share, which gives the shareholder two weeks usage and a one thirteenth share, which entitles the shareholder to two separate two week periods of the year being allocated on a rotational basis. As well as having all the benefits of a management company to take care of the property, Fractional Owners have a direct interest in the value of the asset and are likely to benefit from any appreciation in the property value, although this cannot be guaranteed.
Extremely successful in the US, the concept is increasingly popular in Europe - the number of residences increased from 60 to 90 in 2008/9 and it is anticipated that there will be substantial growth of the market over the next 5 years.
It is, however, not just confined to real estate. Luxury Yachts, Prestige Cars and Private Jets are just some of the other luxury products that are available under fractional ownership schemes.
Fractional Ownership - General
Property Drum - Fractional Property Market Report
Homes Overseas - Fractional Ownership March 2009
The Fractional Times
Fractional Ownership - in the Press
Daily Mail - April 2010