Gedeeld eigenaarschap

What is fractional ownership? This is the concept of dividing an expensive property into percentage shares and selling those shares to individual owners. Each person who owns a fractional share then gets a relative percentage use of the property with a management company handling the property and fractional owners paying fixed fees for this management, sometimes in addition to variable fees for usage.

Fractional Ownership meets the requirements of the following types of buyers:

• Those who would like to buy their holiday home but lack the funds;
• Buyers who may have the funds but realise it makes no economic sense to own a property only to occupy it for maybe 5-8 weeks a year;
• Those who would like to try out second home ownership before making a larger investment;
• Those who see fractional ownership as a way of expanding their investment portfolio and reducing their financial risks but at a Fraction of the Cost.

By owning a fraction of the equity a buyer is only committed to paying the same proportion of the annual costs.  So, the owners of for example a quarter share can enjoy up to 13 weeks a year occupancy and only pay 25% of the total annual management and administration fees.

Fractional property offers the benefits of owning a holiday home without the associated hassle – and at a lower entry cost.  Most buyers own a fraction of the freehold of a property which entitles them to a number of weeks’ use. Maintenance costs are shared between buyers and many fractional developments now offer the opportunity to swap some of your allocated time through a fractional luxury exchange network.

One of the benefits of Fractional Ownership is the possibility to minimiset he running costs in relation to usage.

Financially it makes great sense!

Conceptually, Fractional Ownership is not the same as Timeshare. Fractional Ownership affords much of the freedom and usage benefits offered in timeshare, however, the fundamental difference with fractional ownership is that the purchaser owns part of the title (as opposed to units of "time").

Fidani & Van Lieshout has a fractional ownership for sale in Le Marche: Estate Giacomo Leopardi, developed by Appassionata.

This luxurious country estate consists of three properties in 5 acres, situated below the medieval town of Montefiore dell ‘Aso, with stunning views of the Adriatic Sea and Sibillini Mountains. The facilities have been created for all seasons and truly reflect the wonderful Italian lifestyle.

Who is Appassionata?
Appassionata is a company specialising in the development of Fractional Ownership properties. The business is family run with strong financial backing and a great deal of experience in developing residential property.

Michael Hobbs and Dawn Cavanagh-Hobbs fell in love with the beautiful area of Le Marche in 2004. Three years later they decided they liked it so much they created their fractional ownership business, Appassionata.

After meeting holiday home owners in Le Marche it became clear to Michael and Dawn that a large number of people who had bought a property outright were having some regrets.  Negotiating their way through Italian bureaucracy, finding a reliable building team, landscaping, and furnishing their new home was very complicated and left little time to relax.  After completion they were often concerned about the management and upkeep of the property and the house stood empty for months.  The cost of running and maintaining a holiday home, all year round, when it is only used for a few weeks of the year is not very efficient.

Appassionata has recently joined forces with an international fractional exchange company. http://fractionalexchange.com/. Owners are now able to exchange weeks with owners of other properties all over the world.