[Peter Mitry]

Its an interesting concept and prompts some people to compare it with timeshare. However, the reality is very different as it is often four friends or business associates who buy a quarter share each and the true costs of maintaining the property are simply divided by four. The 3 month allocation rotates by a quarter each year; so if you have the winter months this year, next year you will get spring and the following year summer, so ownership values remain even.
I understand that with some fractional ownership schemes there are even the opportunities to exchange your time for other properties in other parts of the world.
I am surprised that it has not taken off amongst British owners but I think it is only a matter of time. As property prices rise it may be the only way for many families to 'own' their holiday home.