Quote:
Originally Posted by nickmarr
However it feels like timeshare to me and think this is not what UK buyers want. What are your views?
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Nick,
To answer this question, with anecdotal evidence, I am sure UK investors would not prefer this type of investment, as they would prefer to gear the investment with a mortgage and own it outright. However, there is the home ownership abroad market in the UK (not to be confused with the investor market), and the target client matters nothing to the seller.
My cousin has held a Florida timeshare for 20 years, and visits twice per year without fail. Now one of those trips is paid by the company he works for (AGMs about 100 miles from his timeshare, and they also pay the airfare for his wife). The other trip they take as their major holiday, so they spend in total four weeks per year there. He pays about £500 a year for management, maintenance and cleaning between occupancies, and he considers it very good value for money. he's not a property investor, but swears by this "investment" he made 20 years ago for about £5K. So maybe the market is in ordinary folks aspiring to part-own their home abroad.