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.
“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.