Fractional Ownership Italy
Fractional property in Italy is a relatively well established market, particularly in the rolling hills of Tuscany where a growing number of luxury developments and private residence clubs are flourishing. Tuscany is very popular with US buyer who have long been used to the concept of fractional real estate. Italy is a big draw for them, and a number of American developers have been active in Italy for several years. European buyers are now also switching on to the cultural, gastronomic and lifestyle delights of fractional ownership in Italy.
Fractional ownership and asset-sharing can be an ideal way to get the most out of your investment by purchasing only the shares or time you require from an asset. All other aspects are split, both the benefits and the costs, among a limited number of shareholders or members. The most popular forms of fractional ownership are:
Fractional property offers the benefits of owning a holiday home without the associated hassle – and at a lower entry cost. Most buyers own a fraction of the freehold of a property which entitles them to a number of weeks’ use. Maintenance costs are shared between buyers and many fractional developments now offer the opportunity to swap some of your allocated time through a fractional luxury exchange network.
An increasingly popular option for the cash rich/time poor, private jets are a cost efficient and convenient option for busy executives. Among the options available are direct fractional shares in an aircraft or the purchase of a set amount of flying time on a ‘fractional jet card’. Similar deals are also available on fractional helicopters.
Whether you have fallen for the sleek lines of a classic or the raw power of a modern supercar, joining an asset-sharing car club gives you access to your dream at times convenient to you, while taking care of all the maintenance and garaging issues.
A fractional share of a luxury motor cruiser or yacht offers a wonderful lifestyle option as well as a cost efficient way to share mooring fees, crew insurance and other associated costs with other owners – in effect you only pay for the time you use, while benefiting from any profit made when the boat is eventually sold.
Other markets where fractional ownership is making a splash include art, wine, racehorses and even handbags. For a full list of our comprehensive fractional ownership options, click here.
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