19 Jun 2010 1:32 PM:
There are many examples of people in the UK who have purchased property abroad with friends and/or family who are getting the advantages of fractional ownership, without the costs of buying outright as I have done.
There is a fundamental difference between timeshare and fractional ownership, but the difference is being clouded by management companies who are looking to make big profits from the average guy in the street. It these companies taking large management fees which are making fractional ownership look unattractive.
I do not know anyone with the funds to buy into my apartment in Javea, so I am actively looking for individuals like myself, who wish to share a property without the cost of full ownership or the effort required to rent it out commercially. By working together as small community we can minimise the running costs and the work involved in running the property is minimised.
A great place to get more information on fractional ownership is yours2share dot com who are based in the UK.
This message was last edited by CliveHornsby on 19/06/2010.
Thread:
FRACTIONAL OWNERSHIP
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