Frequently Asked Questions

• When the owner comes to sell are the other owners offered first refusal?
  

  Owners being given first refusal is a fundamental part of the Fractional Ownership concept as we see it. We fully expect Owners to buy more time in their property and some will eventually own it outright. Their circumstances may change; they may have more time to spend abroad or simply more inclination.

• In your experience how easy is it to resell a fractional property?

  We have yet to go through the process of 're-selling' a Fraction as the product is very new and clients are still enjoying their ownership. People are attracted to owning a property in this way for a host of reasons. The product has a huge market and finding buyers will only become easier as the concept becomes more familiar and accepted. The single main challenge is people who dismiss this as timeshare without really considering what we are offering.

• How does it differ to timeshare?

  Fractional Ownership does have similarities with timeshare and overall is more affordable and flexible whilst emulating the positive aspects. Fractional Ownership offers you the full range of property types from four-bedroom villas by the beach to two-bedroom townhouses overlooking the golf course. Timeshare limits itself to resorts, which we can also provide for those who prefer.

  In Spain the developer reclaims the property anywhere between three and 50 years whereas Fractional Ownership gives you freehold rights so the share can truly be inherited.

  Making decisions regarding the property and swapping weeks is easier too. With a maximum of eight joint owners per property and the assistance of our management team, communication is simple.

  The concept of timeshare is extremely sound for most of the holidaying population. After all, in the US it is seen by many as a status symbol and all the major hotel chains are heavily involved; Marriott, Hilton, Sheraton.

  We ask people what they do not like about timeshare and often discover that their reservation stems from a degree of misunderstanding. They are also quite understandably affected by bad publicity or experience. The problem with the industry in Europe is that the product has too frequently been oversold and aggressively marketed. We provide what we promise because of our own values and the golden rule that keeping Owners satisfied ultimately results in referral clients and additional business. The product is too good to have to oversell.

• Do you expect price increases to match traditional home increases?

  Absolutely yes. Owners hold a share or shares in a company and that company's asset is the property. As the value of the property rises, so does the share price. We have not yet explored it, but due to its affordability coupled with the supply demand, the cost of all the shares may well end up exceeding the full market value of the property.

• Are owners allowed to let the property during their weeks and what income might be expected?

  Owners can rent all or part of the time that they own. Rental income comes down to several factors; the season, type and size of property, location and the market. If someone is interested in rental potential, then the best thing to do is discuss this with our Advisors who will evaluate each property individually. All indicators point to a healthy rental market for years to come. Typically a three bedroom apartment in Elviria would earn between €1,200 to €1,800 per week in August - and this is being conservative.

• Can you recommend a notary to oversee conveyance who is familiar with Fractional Ownership?

  We have a dedicated team of lawyers who we work with regarding freehold purchases who are also very experienced with the laws of timeshare. As this product is not timeshare but a freehold purchase, only one visit to the notary is needed to establish the company and share distribution. This also offers additional cost savings, which can be explained fully by one of our advisors.