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How it works
What is fractional ownership?
Fractional Ownership of freehold property is a very simple concept of putting like-minded people together to purchase a property that they could either not afford or justify for a variety of reasons.
Fractional Ownership also enables owners to buy into a much higher value of property than their budget would normally allow, therefore allowing them to have more choice and to purchase something that suits their needs as apposed to just their budget.
Alternatively you may wish to save a substantial amount of money by purchasing the same property you were already considering with other like-minded people, sharing not only the purchase price but also the annual running costs.
All Fractional Ownership properties are supplied fully furnished to a high standard and have been checked by our lawyers to establish their legality with regards to licenses and registration of title deeds with the appropriate town hall etc.
Fractional Ownership is not new, it is now the fastest growing sector of the property market in America which has seen tremendous growth over the past 10 years, this trend is now set to take off in Europe as prices continue to rise in the most popular areas for property purchases like the Costa del Sol and Murcia regions of Spain.
For many years purchases of luxury items such as jets, boats and even racehorses have been sold fractionally enabling more and more people to afford such items.
Please do not confuse Fractional Ownership with timeshare, Fractional Ownership is definitely an appreciating asset due to the ownership of a freehold property as apposed to the depreciating asset of timeshare due mainly to the reducing “right to use” timescale along with the inferior quality often associated with the timeshare product.
Fractional Ownership also benefits from the shared and therefore reduced running costs of your chosen property, everything from community fees, swimming pool maintenance, gardens etc. right down to when something needs replacing.
It is paramount to ensure that your chosen Fractional property is going to be looked after by a professional management company to ensure total peace of mind when you are both at the property and back at home.
Property Options Spain can not only provide you with a choice of properties but will also ensure that it is properly looked after in your absence along with having a comprehensive owners agreement in place so everybody knows where they stand from the beginning.
Property Options Spain also offer a variety of usage plans to try and offer as much flexibility as possible for the owners and are always open to suggestions on how we can improve the product to enable the maximum amount of usage by the owners.
Fractional Ownership from Property Options Spain takes away the burden and the hassle of owning a property abroad, you just choose the property, the time that best suits your usage and let us do the rest.
You can also earn an income from your Fractional Ownership by renting out the weeks that you will not be using. Unlike purchasing a property outright where you may have around 10 months of the year that you will not be using it, the chances are you will be looking at renting out only a few weeks which once again reduces the strain of owning a property abroad.
Wouldn’t it be great to own a property in several different locations to take away that feeling of obligation of going back to the same place each and every year simply because of the amount of money you have invested into your holiday home.
For some people going back to the same sunny place is exactly what they look forward to, however for those who require even more choice what better way than to own a fraction of a freehold property in different locations.
Beach, golf, ski, city and more are instantly available through Fractional Ownership and Property Options Spain are eager to hear from people who would like to consider other areas for their purchases.
We are not so naïve to suggest that everyone would like to own in the Costa del Sol or Murcia even though these regions of Spain are still the No.1 destination for Europeans to purchase their second / holiday home.
Property Options Spain work with many other Fractional Ownership companies around the world who may just have what you are looking for, if they don’t then let us do the work to find one that does.