What is Fractional Ownership?

In essence fractional ownership is the shared ownership of a property. Usually the title deed is divided into fractions ranging from a quarter to a twelfth. This gives you the right to stay in the property for the corresponding fraction of the year. You can also sell your fraction whenever you want.

A management compnay runs the property and each fractional owner contributes to an annual maintenance fund

A PROPERTY BUYER'S GUIDE TO FRACTIONAL OWNERSHIP

Fractional ownership is the fastest growing segment of the property market and now it is catching on in Italy, Spain, France, Portugal, Spain and the rest of Europe.

Consider the following points when thinking about purchasing a fractional ownership property...

Make sure you are purchasing equity in the property. If you are, then it is by definition fractional ownership. If not it is some kind of "timeshare"

Buy your fraction through a developer. A reputable developer has a contract that will cover all eventualities.

Ensure that the management company owns the the property and you are buying your share from them.

Check the service offered by the management company concerning booking dates, changing dates, renting your weeks, giving them to friends, maintenance of the property etc.

Make sure the maintenance costs are fixed in advance

Convince yourself of the soundness of the resale market should you wish to put your property up for sale at a later date.

Houses and Property for sale in Le Marche, Italy

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