Fractional Ownership is a successful, growing concept, but few people really understand exactly what it means, or the benefits it offers those of us wanting a holiday home. It is frequently confused with timeshare, conjuring up a very negative view of being chased down the street in Marbella by an over enthusiastic salesman inviting you to enjoy a liquid lunch and sign on the dotted line!
Fractional Ownership was developed to create a more secure and reliable solution for those wanting to share ownership of a luxurious item.
The key to Fractional Ownership is ‘ownership’; you own a share of the property in perpetuity, with the right to sell at any time. Timeshare is all about ‘time‘, you have the right to use the property for only a short period each year, normally a week, but without ownership in the freehold asset. Timeshare is likely to reduce in value over time. Appassionata owners have undertaken several re-sales on behalf of owners over the last few years, achieving an average return of over 10% on the total value of shares sold.
“Fractional ownership with Appassionata was a much more pragmatic approach to owning a home in Italy. The properties are meticulously restored and fractional ownership was the solution to all of the expense and hassle of overseas home ownership.”
Victor & Sandra Jason – Owners USA
Ownership with Appassionata- means owning a luxury property which is professionally managed and maintained throughout the year. The ten owners split the annual running costs between them. Financially this makes good sense. On average a holiday home owner only uses their property for 40 days each year, but have to pay for the entire year.
Appassionata owners are all pretty savvy. They often have the resources to buy a property outright, but don’t want the financial burden and stress. They know they haven’t got the free time to use it all year.
With Fractional Ownership you arrive and everything is ready for you to start your holiday immediately….. sound perfect?
“Appassionata are a delight to deal with and the reason that everything works so incredibly well. Friendly, helpful, professional and most of all passionate about their work.”
Joanne Evans-Webb – Owner/Dubai
Fractional Ownership provides a modern solution to owning a holiday home. It’s makes more sense having a group of people share the running cost of the property and the house to be fully used throughout the year. It breathes more life into local communities having a property consistently used, adding to the rich culture and diversity of the local area by developing long term relationships with the local people.
It is a given that the legal structure for Fractional Ownership must be robust. The legal structure must protect the owners and the property, providing a simple and transparent way for the property to be managed. The Appassionata structure is secure, tried and tested.
Appassionata sells 1/10th shares in each of their properties, owners have exclusive use of their house during their 5 weeks of annual residency. Residency is booked in September for the following year, and gives all owners real choice and flexibility, with the opportunity to experience different times of the year.
To experience the quality and uniqueness of Appassionata properties or to find out more information please get in touch and we can arrange a discovery trip to Le Marche.
“The expense of buying a holiday home outright, along with the annual running costs seemed crazy, when you may only use the house for an average of 40 nights a year.
” The Sunday Times”
Enjoy the luxury of owning an Italian home, to share with family and friends.
The history of Agostini olive oil is a story of passion, tradition and excellence. A story that began in 1945, a business handed down from father to son, today, in its third generation. The Agostini company has created a unique olive oil, ensuring the highest quality and an unforgettable taste.
The Agostini Olive Mill has been nominated as one of the 200 best olive oil mills in the world, by the prestigious food sector magazine Der Feinschmecker. They are multiple gold medal winner in Italian and international competitions.
The company is located in Petritoli, in the Marche Region of Italy. Nestled between the Sibillini Mountains and the Adriatic Sea, where the air is pure and fresh, and the climate is ideal for olive trees.
In Le Marche the culinary heritage of oil dates back from the ancient Romans. In 1945 Alfredo Agostini started to produce olive oil in a small olive mill. Now, his son Gaetano Agostini is managing the company with his sons Marco and Elia, and his brother Maurizio.
Gaetano Agostini has been able to reproduce the same traditional process to make an extra virgin olive oil.
He personally selects only the finest quality olives. He carefully oversees each single step of the production, to obtain and guarantee a product with authentic quality and taste.
At the Agostini Mill the harvest is done by hand and the pressing takes place within 6-12 hours. First the cold press to allow the final oil a larger amount of natural antioxidants, polyphenols, vitamins and carotene, important for healthy living.
The passion and the commitment from the Agostini family has resulted in them winning several prestigious awards.
Over the years, their growing dedication to olive oil has made them continue in the direction of key guiding principles: Quality, Sustainability and Innovation with an absolute respect for the Land.
Agostini has embarked upon an Enterprise Project, focusing on sustainability and biodiversity. They believe that the land and its welfare will become the primary interest of our society in the future. An Enterprise based on dignity, of the people and of the land.
They began to implement this idea by starting the production of Organic Extra Virgin Olive Oil. Its application for certification was made 17 years ago, and was promptly acknowledged in 2002 after three years of assessment.
Their main concern was to pursue the ultimate aim and minimize the environmental impact.
In 2010 they decided to abandon the old energy supply systems and focus on Renewable Energy, investing in a solar energy panel system placed on the roof of the olive mill. They chose to use renewable energy without needlessly occupying green space
This also allowed them to become completely energy-independent, while reducing close to zero c
arbon dioxide (CO2) emissions resulting from the use of the traditional energy supply systems.
They also looked at the issue around disposal of the waste products. In 2012 they decided to make a
step further in theminimization of the environmental impact. They installed a machine to extract the “Olive pit granules” from the processing waste. A 100% natural and ecological biomass fuel. In this way they are now able to recover an important and optimal natural source of energy which is usually thrown away.
Here’s our favourite variety from the Agostini Oil Mill, a gold medal winner in both Italy and New York!
Extra Virgin Olive Oil – Sublìmis
Oil extracted in Italy from olives cultivated in Italy.
Variety/Cultivar:: Frantoio e Carboncella.
Harvest Time: October/November.
Max Acidity: 0,3.
Pac: Glass Bottle 0,250 Lt; 0,500 Lt; 0,750 Lt.
Type of Harvesting: Hand-picked.
Extraction System: Continuous Cycle, cold pressing ( within the first 12 hours after the harvesting).
Flavor:Intense aroma with strongly grassy hints. It has an intense artichoke taste and light scent of almond and tomato.
Food Pairing: Excellent on grilled meats, legumes soups, bruschetta and on all dishes enhancing the rich taste of mediterranean cooking.
The award winning Agostini Family:
One of our American owners,Debbie Yackal, was so impressed after tasting the oil she now ships and sells it in the US. Please check out her website:
We love receiving owners testimonials and understanding their motivation about joining the Appassionata family. Thank you Mary Harmon for this tremendous insight.
It is a quite interesting and uncanny set of events of how I came to know the properties of Appassionata in Le Marche, and subsequently purchased a share of Il Riposo.
In February 2017, I purchased a piece of art, an oil on acrylic, a contemporary heart, for my upcoming birthday gift to myself. It was entitled ” Appassionata”. I researched and found that this is an Italian musical term meaning with heart, with passion and vigor. Ok, so what does this art piece have to do with a property purchase in Le Marche? My family is still pondering that one.
For the last couple of years, I had been perusing properties for sale in the Tuscany region of Italy. My travels had taken me there a few times. I began to dream of having a small place in Italy not thinking I could really afford it, but one never knows, right? In those Tuscany visits, I had fell in love with the rolling hillsides, vineyards, wine, food and robust coffee. I also fell deeply in love with the generous spirit of the people and their love of family.
Imagine my excitement when the “Appassionata ” ad popped up on my computer screen out of the blue? While I am sure that technology tracking was the real culprit, I decided it was providence and made an impromptu decision to journey to Le Marche and check it out. In 2 weeks, I was on my way, on my adventure to Le Marche. I got off to a rocky start as my plane arrived late and it was dark when I began the drive from the Ancona Airport to Petritoli, in the last 5 speed stick Fiat for rent at the Hertz counter.
When I arrived, India, the Sales Director, was waiting for me and settled me into the most cozy and quaint medieval apartment I have ever seen. I snuggled in for a sound sleep in preparation for our tour the next day.
India and I met for fresh coffee before beginning our tour. As we drove through the countryside with almond and cherry trees in full bloom , I could barely contain my excitement. Once we reached the Patrignone village and opened the door to a visual display of beauty and love that was clearly displayed in the furnishings and detail throughout, coupled with the natural beauty of the hills, sea and mountains, I could not resist purchasing a share of Il Riposo.
I love the share ownership concept in conjunction with other families, to have access to a wonderful Italian property and share the expense of ownership. It helped that my family already owns a share of a beach home on BaldHead Island, North Carolina in the USA that we have had for many years, so I easily understood how it all works.
When our four children were young I frequently used the phrase sharing and caring. Share your possessions with your siblings and friends. Watch someone else experience joy and happiness from something that is dear to you. It shows you care. I’m not saying it’s easy. Try explaining that to a three year old, clutching their favourite toy. It can be quite a challenge!
Hopefully it was good advice. Our children have grown up to be thoughtful, kind and caring adults.
Appassionata was created around the same principles. We immerse ourselves into the caring Italian culture, grounded by strong family traditions. Small communities caring for each other. Old and young cared for by their own families, often sharing the same home.
Appassionata is a boutique, family business. We buy, restore, furnish and sell shares in luxury properties in Le Marche for a limited few. Ten owners share the purchase cost and all running costs of their home for five exclusive weeks each year. All the boring legal work has been done, by us. Owners can share their Italian home with family and friends and see the joy others experience from their generosity. Owners don’t have all the worries, work and stress normally associated with owning a holiday home. Appassionata does it all. They arrive, indulge and relax. Many of our owners have celebrated special occasions in their Italian home. Sharing memories and precious time together. Italy brings families together. We care about our owners and make sure everything is perfectly prepared for their next visit
Appassionata want to share this beautiful region of Italy and take care of you.
Appassionata properties are occupied throughout the entire year, and this constant flow of people helps support local businesses. Owners are given a warm welcome in the shops, bars, cafes and restaurants each time they return. Many of them become friends.
Our owners can also interact with each other, sharing their favourite restaurants, wines, beaches and designer outlets!
We currently have a few shares remaining in our fourth property, Il Riposo. An elegant three storey, four bedroom villa. Nestled within the beautiful medieval borgo of Patrignone. Ideally situated between blue flag beaches and the Sibillini mountains. There is certainly plenty to share amongst loved ones.
We invite you to come and visit us and see why we care so much about this hidden gem in Italy.
Please contact India Hobbs Mauger for more information
Here’s one of our favourite recipes, probably because it’s quick, easy and delicious!
Spaghetti alle vongole
Spaghetti with clams and cherry tomatoes
This is a light, fresh and yet full flavoured pasta dishes so frequently served along the coast. Small clams are usually used for this recipe.
The spaghetti remains in bianco (without a tomato sauce). The cherry tomato halves are tossed into the pan at the last minute to heat them through.
Here we go –
1 kg (2lb 4oz) small, fresh clams
4 tablespoons olive oil plus a little extra
3 garlic cloves peeled and finely chopped
1 small dried red chilli, crumbled
1 medium bunch of parsley, chopped
125 ml (1/2 cup of white wine, plus a glass for drinking while cooking!!)
500 g (1 lb 2oz) spaghetti
200 g (7oz) ripe cherry tomatoes, halved
Soak the clams in lightly salted water for a few hours. Change the water frequently and drain in a colander to get rid of any sand. Rinse and drain well.
Heat the olive oil in a large wide stockpot. Add the garlic, chilli and half the parsley. When you begin to smell the garlic, add the clams and the white wine. Turn up the heat to high, put a lid on, and cook for 5 minutes or until the clam shells have opened.
Remove from the heat and discard any clams that have remained tightly closed. Remove about half of the clams from the shells, discard the shells and return the clam meat back to the pan. Leave the rest of the clams in their shells.
Cook the spaghetti in boiling, salted water. While the spaghetti is cooking, add the cherry tomatoes to the clam pan and season with salt and pepper. Return to the heat for a few minutes to heat through. Drain the spaghetti when it is ready and add to the clam pan, toss with a pair of tongs.
Coat the clams with the liquid from the clams. Put into individual pasta bowls, sprinkle with the remaining parsley and serve immediately, with a drizzle of olive oil.
Fabulous with a slice or two of fresh bread to dunk and a glass of Passerina to drink!
As a child my favourite TV programme was the Waltons. The love and warmth, the sharing and caring, working together were all important things to me. I always imagined having a large family, six children seemed a nice even number. Dressed in denim dungarees, chopping wood and baking cakes. Fast forward a few years and four children later, I couldn’t quite manage six!
Realism had settled in, our four children were not all going to work together, but we were delighted when our daughter and son in law decided to join us at Appassionata. Ensuring an eclectic mix of business skills and a huge amount of passion.
Michael is incredibly positive, the glass isn’t half full, it’s overflowing! A successful retailer by trade, he is the left brain, bringing organisation and structure to the table. Not an easy task with our team! He loves business, technology, new apps, upgrades and instant information. He loves people, wine, food and routine. He can sit still for hours at a time, totally absorbed. He enjoys riding a motor bike around India and has just taken up cycling around the hills of Le Marche on a road bike.
I, Dawn, am a creative right brain, day dreamer and find it difficult to sit still. My passions include property restoration, interior design, writing and photography. I find it difficult to plan, organise and structure my life. It doesn’t come naturally to me. Technology is a constant uphill struggle. I see everything visually, designing a new project is easy, my brain takes a series of finished photos and then I work backwards. I spend days driving around antique markets and shops, looking for that perfect piece, details matter. Most of my spare time is taken up with animals, five horses, three dogs and two cats. I love to rescue and rehabilitate. Calming a horse who is petrified of all humans. Rearing and bucking and quivering with fear, they teach us patience, trust and partnership.
India, our daughter, was born to socialise. From a very young age she would talk to anyone and everyone. Very mature for her age, she has a natural talent to listen and be interested in all around her. She settled into her role of sales and client liaison at Appassionata with ease. Everyone loves her non pushy, professional, friendly way. She gets things done. She loves to help our owners organize wine tours, in house dining or truffle hunting. She is everyone’s ‘go to’ girl and nothing is too much trouble. She is mother to Lucas and Mimi, our beautiful
grandchildren, who have added another wonderful dimension to our family.
India’s husband, Charlie, started his working life as a stone mason in France. Over the last few years he has learnt every part of the building process in Italy. He loves landscaping and pool design, and is highly respected amongst our building team for his hard work, dedication and leadership. He now project manages our new properties and oversees all the ongoing maintenance. It has been wonderful to watch Charlie grow and learn, blossom and mature.
We are all passionate about what we do. We recognise if we blend our skills together we have the perfect balance to create beautiful homes in Italy.
Over the coming months we want to share a selection of seasonal recipes with you, from the heart of Italy.
Year after year, as the months and ingredients change, so does the family table. We prepare and serve what is in season, strawberries are ready in April, we don’t eat them in December! The earth gives us what we need, oranges and their vitamin C in winter and refreshing watermelons arrive in August.
Ingredients vary, not just seasonally, but monthly. Sometimes subtly, sometimes dramatically. Each month passes and we see a change in the fields. The locals are passionately involved with their surroundings and respect the land. They lovingly sow their crops and naturally reap most of their produce in the summer months.
Some products are ever present, carrots, celery, sage and rosemary, and they form the basis of most casserole dishes.
Here in Le Marche the quality of the ingredients is very important. Dishes are simple and delicious. A piece of meat, grilled and transformed with lashings of local olive oil, a peach eaten off the tree after lunch. The gorgeous artichoke dipped in lemon juice and luminous green olive oil. Tomatoes bursting with the scent of summer.
It’s April and the weather has changed. We are surrounded by flowering fruit blossom. Their beautiful colours reveal the imminent peach and plum harvest. There is tarragon and rocket and the wonderful arrival of succulent strawberries, which help to rid the body of toxins, accumulated over the winter, with their slightly astringent qualities.
April is the month of spring cleaning and Easter. Artichokes are now in the fields. Their tall, solid, lilac crowned stalks stand proudly in smart lines.
This week’s recipe – starting with something simple.
Carciofi Ripieni – Stuffed artichokes, perfect served with roast lamb.
12 medium globe artichokes
1 medium bunch of parsley, chopped
4 garlic gloves, peeled and finely chopped
3 tablespoons olive oil
30g (1oz) butter
500ml (2 cups) vegetable stock
Rinse the artichokes and trim the tough outer leaves.
Cut away about a third of the top spear of each artichoke. Cut away the stem completely, in line with the artichoke bottom.
Put each artichoke bottom side up, onto a wooden chopping board. Push gently against the artichoke with your hand to widen the central cavity of the artichoke. Using scissors, snip away any top spikes of the internal small leaves.
Mix the chopped parsley and garlic together and divide the mixture between the artichoke cavities and the leaves.
Put the artichokes upright in a high rimmed saucepan, where they can fit in a single layer. Drizzle with the olive oil, season with salt and pepper and add the stock. Put a knob of butter into each artichoke and bring the stock to the boil. Spoon over a little of the stock, lower the heat, cover and simmer for 30-40 minutes, until the artichokes are tender. Remove the lid and continue cooking to reduce the liquid until only a little remains.
Pasqua is upon us, one of those special times of year that Italian families all get together to celebrate.
While you probably won’t see the Easter bunny , this a popular holiday celebrated as only Italians do. The days leading up to Easter include solemn processions and mass, Pasqua is a joyous celebration marked with rituals and traditions. The Monday following Easter, La Pasquetta, is also a public holiday throughout Italy. Church is always full, you will definitely not find a seat, standing room only. Many churches have special statues of the Virgin Mary and Jesus which are paraded through their village or displayed in the piazza. Parade participants are often dressed in traditional costumes, olive branches and palm fronds are carried during the processions and adorn the churches. At the end of the church service olive branches are given out to everyone to symbolise peace. These olive branches are kept in your house and exchanged the following easter for the new branch.
Easter Food in Italy
Easter symbolises the end of Lent, which requires sacrifice and reserve, food plays a big part in the celebrations. Traditional Easter foods across Italy may include some of these classic recipes – carciofi fritti (fried artichokes), a main course of either capretto o agnellino al forno (roasted goat or baby lamb) or capretto cacio e uova (kid stewed with cheese, peas, and eggs), and carciofi e patate soffritti, a delicious vegetable side dish of sautéed artichokes with baby potatoes. As most people are aware Italian cooking is very regional so dishes do vary. The centre of Italy – Le Marche, Tuscany, Emilia Romagna and Umbria will no doubt have for the first course cappelletti with ragu’. Meaning “little hats”, made with fresh egg pasta and filled with 3 different types of mixed meats generally pork, veal & chicken, the pasta is then made into the shape of little hats and served with a mixed meat or wild boar ragu’.
A holiday meal in Italy would not be complete without a traditional dessert, and during Easter there are several. Italian children finish their dinner with a rich bread shaped like a crown and studded with colored Easter egg candies. Another treat is the Colomba cake, a sweet, eggy, yeasted bread (like panettone plus candied orange peel, minus the raisins, and topped with sugared and sliced almonds) shaped in one of the most recognizable symbols of Easter, the dove. The Colomba cake takes on this form because la colomba in Italian means dove, the symbol of peace and an appropriate finish to Easter dinner.
Uova di Pasqua ‘Easter Eggs’
Although Italians do not decorate hard–boiled eggs, the biggest Easter displays can be seen in all the bars, pastry shops and supermarkets. The chocolatiers sell brightly wrapped uova di Pasqua—chocolate Easter eggs—in sizes ranging from 10 grams (1/3 ounce) to 8 kilos (nearly 18 pounds).
Some producers distinguish between their chocolate eggs for children and expensive “adult” versions. All except the tiniest eggs contain a surprise. Grown–ups often find their eggs contain little silver picture frames or gold–dipped costume jewelry. The very best eggs are handmade by artisans of chocolate, who offer the service of inserting a surprise supplied by the purchaser.
Our weekend in Florence was over in a flash and we reluctantly flew back to London Stansted airport. Low grey cloud and drizzle welcomed us with open arms. We drove home through the gloom and heavy traffic. I was now on a mission to return as soon as possible, my heart was still in Italy…..
I spent my evenings trawling through the internet. Searching properties for sale, contacting agents and familiarising myself with the region.
Four weeks later we returned to explore the area of Tuscany. Beautiful it certainly is but something was missing. We were attracted to Italy, the culture, the lifestyle, the language. Walking around the streets we were engulfed by large groups of tourists and their coaches. We wanted more Italianness, is that an actual word!
We were not down hearted, but more determined to find our perfect place.
I am a great believer in fate. A week later Michael phoned me from work. He had just had lunch with a couple of business associates, one of whom was David Scacchetti, a co-founder and CEO of Mamas and Papas. He was married to a beautiful girl from Le Marche, in the heart of Italy, and owned a house in Civitanova Alta. Michael had talked to him about our love affair with Italy and our plans to buy a home. David made Michael promise to visit the region of Le Marche before we made a decision. I was intrigued, although I had never heard of Le Marche, David has impeccable taste, it would definitely be worth a visit.
I spent the next couple of hours researching everything I could about the region. The close proximity to both the sea and mountains was a great plus and the air quality would be amazing!
Once I have an idea in my head I’m like a dog with a bone. I wanted to get the ball rolling. By the time Michael returned home that evening I had booked our flights to Ancona. The hotel booking in Pedaso was confirmed and appointments set up with a couple of agents to view various properties.
A couple of weeks later, clutching maps and a pile of property details we flew into Ancona. We descended the plane steps and I gazed around. Airports are never the most attractive places, but I instantly liked this one. It was small and neat, even I wouldn’t get lost here. I turned to Michael, “it smells lovely here, warm and flowery” he raised his eyebrows and shook his head. To me it was obvious, places have a particular aroma, it’s one of the first things I notice when I arrive somewhere new.
We picked up the hire car and headed to the coast road. The motorway is a much quicker route, but we wanted to explore.
“This is it” I said to Michael. “This is what?” We had been on the road for about thirty minutes, but I knew. A gut instinct, that special connection, when something just feels right. Michael gave me a strange look and we continued our journey. Beautiful white sandy beaches on the left, ancient hill top towns rising up on the right. We stopped for lunch at a beachside restaurant in Civitanova. After a light lunch of fresh mussels and a glass of chilled Passerina, Michael was beginning to agree with me.
We pulled up outside Hotel Villa Ricci in the small coastal town of Pedaso. I always love to stay somewhere which represents the country I’m visiting. I avoid staying in large modern skyscraper hotels. The furnishings are modern and minimalist and often quite boring. Villa Ricci was everything I loved and more. From the moment we walked through the door. Exquisite pieces of Italian antique furniture were carefully arranged on the marble floor. Beautiful crystal chandeliers caught the light of the afternoon sun. Beyond the reception was a large door leading out into an enchanting walled garden with the scent of orange blossom.
An elegant staircase took us up to our first floor bedroom which was just as beautiful. A lovely glazed sun terrace led off the bedroom with views over the Adriatic Sea, bliss.
We unpacked quickly and changed into something a little more summery. We went for a walk, the sea was so close, I needed to be closer. I kicked off my shoes and rolled up my trousers. The water was wonderful, refreshing but not too cold. We walked along the promenade and smiled at the locals, who greeted us warmly.
That evening we had arranged to meet up with one of the agents in our hotel bar. Fabio was half English, half Italian, so language would not be a problem. We arrived early and ordered a bottle of prosecco. We chatted to the barman, in sign language and charades, as he brought over a selection of olives and cheese.
The agent arrived, he was very friendly and knew the area well. His mother’s family had lived there for generations and he seemed well connected. We discussed in more detail what we were looking for, the classic Italian farmhouse which we would loving restore over time.
We mentioned we were also meeting another agent the following morning to view properties further in land, closer to the mountains. He tried to dissuade us, but we wanted to explore everywhere.
The following day, we drove inland in search of our dream. Amandola and the surrounding villages were lovely, but a little too remote. I was going to be spending time alone here overseeing the restoration. I didn’t want to feel too isolated and become the mad English woman living in the mountains! It was important to be within walking distance of a town with shops, bars and restaurants. The coast was also an important factor and we felt it was too far away from the water. We didn’t want to be spending long periods of time in the summer driving backwards and forwards to the beach.
The next day we met up with Fabio again to view properties closer to the sea. I had already seen my dream home on the internet a few days earlier. A dilapidated farmhouse with sea views and a fenced off paddock, ready for my horses! We pulled up outside. “I don’t think this is the right house Fabio, where’s the sea view?” He said if we drove a few minutes down the hill and round the bend we could get a glimpse! I focused on the paddock and asked how many acres were included. Fabio shuffled around awkwardly and told me the paddock belonged to the house next door! We spent the following few hours driving around the rolling hills of Le Marche. The views were breathtaking and the sense of stepping back in time was beginning to wash over me. Acres of vineyards and olive groves surrounded us. I felt my shoulders drop, totally relaxed, as I scanned the countryside.
We were taken to see a large pile of bricks and stone in the middle of a field, listed as a partially renovated house! We drove on. Another ‘house’ was eventually found a half mile walk uphill with no road access. The details stated this property needed minor building work, but something was missing, the roof!
I know the agents in England like to exaggerate on the details of the properties they are selling, but here in Italy it was a whole different level!
I tore up the remaining house details I had printed off, took a deep breath and opened my mind to more possibilities.
Michael was flagging so it was time to get him fed and watered in the nearest bar/cafe. I didn’t want him to go all negative and logical.
We stopped off at a beautiful restaurant, Casa de Mar, in Campofilone. Situated right on the coast, with the sound of crashing waves on the rocks and a beer in his hand, Michael was happy. We ordered sea food pasta and a bottle of pecorino from the local cantina, Centanni in Montefiore dell’Aso. The three of us sat and talked for a couple of hours. We tried to give Fabio a clearer picture of what we wanted, but to be honest, like most people, we didn’t know what we wanted until we saw it. Michael told Fabio that unless Dawn gets that special feeling about a property, we move on to the next. Fabio looked a little perplexed and gave me a nervous smile. With everyone watered, wined and fed we set off again.
We viewed our first occupied house. We were warmly welcomed by a lovely, elderly couple with very few teeth. They proudly showed us round their home, which had been in the family for three generations. We were shown the strawberry plants in the allotment and the oak tree planted by her great grandfather. The bathroom facilities were a little lacking. There was an outside toilet in a shed and inside a shower head was loosely attached to a couple of wall tiles.
It certainly had possibilities but it didn’t have the wow factor.
We drove on, to be honest I had no idea where I was by now, but it didn’t matter, everywhere was beautiful. We were taken to another farmhouse, a promising location, until we stepped out of the car and inhaled. Looking down the valley we saw a long low building. Fabio informed us, rather reluctantly, that it was a pig farm. We moved swiftly on. The next house we saw was lovely, a complete renovation but it certainly had potential. The owners greeted us and took us into a small out building with a rather interesting aroma. There were glass bottles lined up along a rather lopsided wooden shelf nailed to the wall. The owner opened a bottle and poured out a thick, red/brown liquid into a few plastic cups. Homemade vino cotto he informed us proudly.
Vino cotto, literally means cooked wine and is famous in the Le Marche region. It is a strong ruby-colored wine, usually semi-sweet, and traditionally drunk in small glasses with puddings and cheese.
It is produced from the must of the local grapes, heated in a large copper vessel until reduced to a half or third of its original volume, and then fermented. It can be aged for years and barrels can be topped up with each harvest.
It tasted and smelt a little like sherry and reminded me of my grandmother getting rather tipsy every Christmas. We sipped politely as we took a tour of the house. He was very keen to top up our cups, usually when our backs were turned. After the wine during lunch, the hot sun and the long drive I was beginning to feel a little light headed. I think the plan was to get us drunk and shake hands on the purchase of their home! We thanked them kindly for their hospitality and made a swift getaway to the sanctuary of our hotel…. to be continued.
Appassionata is a boutique, family run, fractional ownership business set in the heart of Italy.
We are finding more and more US based owners are seeing the benefits of buying into our fractional ownership homes. Not least because of the very favorable exchange rates.
With 30 year highs in the Dollar/Sterling exchange rate, it makes buying in pounds sterling a very attractive option to those holding dollars. In the last 3 years alone there has been a 30% increase in value. A great time to buy.
The world’s economic uncertainty, not least since the US elections, have a great deal of people thinking about asset protection and diversification.
We are constantly looking for the ‘ideal’ use for our money, wanting to have the best of all things: lifestyle enhancement, great value for money and something to pass onto the kids.
A very select group of Americans have discovered the Italian region of Le Marche and the concept of fractional property ownership with Appassionata. This is quite possibly one of the best ways to diversify your investments while getting the lifestyle benefits of owning a luxury property in Italy, for a fraction of the price.
The AARP magazine considers Le Marche as one of the 5 best places to retire in the world, so it would make sense to consider not only spending more time here but make a lifestyle investment at the same time.
Fractional ownership offers American holiday home purchasers the perfect opportunity to invest in the lifestyle of their dreams on the European continent without any of the potential pitfalls of buying outright.
The simplicity of Appassionata’s offering in the stunning Le Marche region, is where we believe opportunities in the Italian property market are going to flourish. Not only are property prices 35% lower than neighbouring Tuscany, they are significantly lower than the capital city of Rome. The region offers everything from snow-capped mountains to Blue Flag beaches, interspersed with rolling hills dotted with vineyards and olive groves, and picturesque hilltop towns. The rich lands incorporate 180 kilometres of coastline and the largest number of museums and galleries in Italy. Easy access to all the main cities and multiple airports, makes Le Marche ideally placed.
Here at Appassionata, we don’t foresee our market slowing down and have just launched our new property. Il Riposo – ‘The Retreat’ is a unique four bedroom house dating back to the 12th century. Situated in the medieval village of Patrignone the house enjoys open views to the rolling hills beyond and has a private swimming pool sitting within a walled garden. The fractional ownership offered is for a one tenth, five week share in perpetuity, and as the property is held within a UK company your purchase would be in sterling, with prices starting from £95,000 pounds sterling (approximately $118,000 dollars at todays exchange rate) . With over 36 satisfied owners from around the world this proven formula is a compelling solution to purchasing a holiday home in these uncertain times.
This hidden gem of Italy means that American purchasers can own a share in the property of their dreams, benefit as the property appreciates in value, have the freedom of being able to sell, will, transfer or place the share in a trust at any time.
And so, while we continue to watch what will happen in the wake of Trump’s election the financially savvy will open their eyes to fractional ownership as a practical and sensible way of owning and enjoying a luxury property overseas; without the hassle, complications and expense associated with full ownership.
One of our greatest joys is meeting clients from all over the world and introducing them to this very special place. It is wonderful to watch their immersion into Italian life. To experience slow living, to step back time and remember to breathe!
Most of us have experienced life in the fast lane, time passing us by too quickly, but not daring to stop in case we are trampled on in the rush to reach the ever moving finish line!
Appassionata offers you the chance to buy a luxury lifestyle investment to enjoy with your family and friends in the heart of this beautiful country.