What is Fractional Ownership?

An opportunity to own a home in the sun at a fraction of the original purchase price and running costs!

Fractional ownership splits a property into more affordable units and matches individual ownership to actual usage time. A fractional share gives the owners certain privileges, such as a number of weeks when they can use the property. Advantages include less running costs, e.g., community fees and utility payments are shared by the owners, and the owners will get a title deed under their name stating their actual shares on the property. Also, each owner gains from any appreciation in the value of the property overtime.

The fractional ownership of vacation properties has been around for many years now. Started in the US in the early 1990s, fractional properties can now be found throughout the world.

We at Fuerteventura Property World are pleased to be the first to introduce this concept to the Fuerteventura property market through a two-bedroom penthouse apartment on the Fuerteventura Golf Resort in Caleta de Fuste.

The apartment is open to 3 or 4 joint owners --- 80,000 Euros for a third share or 60,000 Euros for a quarter share. The vendor is willing to keep up to a third of the ownership. Please follow this link for more information on this apartment.

For questions on fractional ownership, please contact Roy Webber.