Collective Syndicated Ownership Symposium for Cyprus

Oct. 11, 2009 - PRLog -- Collective Syndicated Ownership Symposium for Cyprus

An Introduction to Collective Syndicated Ownership will be presented to Property developers, agents, accountants and legal experts at the Nicosia Hilton hotel, on the 29th of October, 2009 organized by World Class Group.Many world experts believe this could help revive the property market in Cyprus.

Collective Syndicated Ownership, CSO, often referred to as Fractional Ownership, has proved that it offers alternatives to vacation home buyers through the combining the collective power of a several investors to buy, own and use a luxury property as a second home through syndication.

The principal of using the combined financial strength of several investors to own  and share a single asset is not entirely new.

According to Trump University spokesperson, founded by Donald Trump, the concept is simple and sensible, its like getting a few friends and family members together to enjoy a beach house and sharing the usage.

Security of ownership is provided by carefully structured legal systems that provide real equity for the end user.

“Major organizations worldwide have applied a Fractional Ownership model successfully, and its time to import this knowledge to Cyprus and the region”, says Michael J. Tolan, CEO of World Class Group.

World Class Group, a PR and communications unit, with various offices in the region, has a shared ownership division and services developer clients worldwide.

Attendees of the symposium will be updated on news from the recent World Alternative Ownership congress in Phuket, Thailand, where delegates from World Class Group represented various clients who are eager to learn the success formulas from around the globe.

They will also unveil the newest innovations in ‘Property Partnerships’, a product created by the consulting firm.

“We see the opportunity for mature developers to capitalize on this opportunity to create compelling product offerings through  uplifting their current real estate holdings and this will invigorate the Cyprus Property market.” he added.

“Cyprus will benefit from the proper introduction of Fractional Ownership, and in the process, consumers will derive excellent value as the average second home usage in Cyprus is less than 32 days per annum.

“This will allow many more potential clients to acquire a dream home in Cyprus,  and only invest the amount of capital that will represent their usage requirements. Fractional Ownership provides the opportunity for investors to experience capital appreciation over time as the asset, although shared, is deeded.” said Tolan

World Class Group promotes as one of its clients a ‘consortium of developers’ to attract investment to Cyprus through the Cyprus Investment Festival, which will also be touring Doha, Qatar later in November.

At the Collective Syndicated Ownership Symposium in Nicosia, World Class Group will also share business models and opportunities for accountants ,FSA’s, Asset managers, Property companies to participate in what is expected to be the fastest growth in the real estate on the island over the past 18 months.

“Without thoughtful innovation and a bold commitment to change  current strategies, Cyprus property markets are doomed to experience a major hurdle of growth recovery in the future.” We are certain that, CSO, in offerings of Fractional Ownership, will play an important role to over that hurdle and  to attract prosperity for the future of the Property Market in Cyprus.” said Tolan.

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Pr and Communications company focused on luxury products, including property,Shared Ownership consultants, fractional ownership, timeshare clubs, hybrids, training, start ups, interim leadership,property share, thailand fractionals, malaysia fractionals, dubai fractionals, lebanon fractiionals, cyprus fractionals, vacation clubs,