Dear Nick,
I mentioned this in a similar post for shared ownership (meaning exactly the same as fractional ownership). It is not the same as time share as you in fact own 1/4 or 1/8 of this property. When it comes to selling your share, you will be able to gain from the capital gains on the property in proportion to your share. The only way that your property can be divided is by time and normally you will get a a 2 weeks for every 2 months (if its a 1/4 share) so you can go on a 2 week holiday and it also provides for the problem of having a winter allocation in a summer resort. I believe UK buyers are more and more aware of it and even willing to buy on a fractional scheme in Bulgaria (as mentioned in the shared ownership bit) as well as numerous uk sites for shared ownership on luxury items from handbags to private jets.
Hope that helps.
Quote:
Originally Posted by nickmarr
I am currently dealing with Florida developers who have exhausted the local Florida real estate market in search of buyers. One has asked me what the view of UK buyers was towards fractional ownership. This is where a buyer would own maybe up to an eighth of a Florida home. The advantage seem to be that you can own a luxury home for a small investment. Overseas buyers would then be able to use thier home an eighth of the year. However it feels like timeshare to me and think this is not what UK buyers want. What are your views?
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