Overseas Property Fractional Ownership from €20,000 with International Hot Property

PRLog (Press Release) - Jul 24, 2009 -
With the worldwide second home and holiday home market in total crisis could the advent of Fractional Ownership save the day for international property developers and overseas property buyers alike?

So what is Fractional Ownership and how can it help? Very simply the concept is that of shared ownership without the drawbacks of Timeshare.  The first question you need to ask yourself is do why should I buy a property overseas when I only use it for  normally a maximum of 4 weeks a year.  Wouldn’t it be good to get together with a group of like minded individuals and share the cost of the purchase and he cost of the upkeep of the property. This is where Fractional Ownership comes in and unlike Timeshare the owners own an equal share of the company that owns the property unlike Timeshare where in most cases it is worthless after you have bought it well that is the view of Simon Jones, market analyst at http://www.internationalhotproperty.co.uk/.  

“Things are a changing for the holiday property market and once the UK public can get over the not wanting to share their house with anyone train of thought then Fractional Ownership is very logical indeed especially in Holiday Resort type of properties.  Fractional Ownership is normally split into shares of 4 up to a maximum of 12 equal shares giving an owner between 1 and 3 months usage of the property. However the great thing about this is we currently have Fractional Ownership product in the Canary Islands and Greece starting from as little as €20,000 which actually makes it cheaper than most Timeshare resort but with an asset that you can actually sell at a later date.  Fractional Ownership makes a lot of sense and could very well transform the second home and holiday home International property market” explained Simon.


Property investors wishing to find out more about Overseas Fractional Ownership should contact International Hot Property by email or phone.

HQ Mailing Address:
International Hot Property
Gerald Brennan 46
Alhaurin El Grande 29120
Malaga
Espana


CONTACT VIA TELEPHONE
UK: 0207 558 8355
International: 0034 952 588 910
Emal; info@internationalhotproperty.co.uk
Webiste: http://www.internationalhotproperty.co.uk/

Photo:
http://www.prlog.org/10291404/1