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FRACTIONAL OWNERSHIP


PRICED £4K-£235K


This month our search for great value homes doesn’t focus on one location but on fractional ownership properties. We scouted around for some current great deals and here are our six favourites...


FRACTIONAL OWNERSHIP in 3


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Sharing the costs A fractional ownership contract lets you buy a share of a property’s freehold. The number of weeks you get to use the property each year will depend on the size of your share.


Access to luxury It allows you to part-own and enjoy a property of a higher standard than you would ordinarily be able to buy outright.


Cheaper maintenance Running costs are divided between owners according to the size of their share – you only pay for what you use.


WANTED PROPERTIES


GREECE


Halcyon Hills is a five-star marina resort set in a sheltered bay on the south-easern tip of the island of Samos. Property available there includes off-plan apartments, townhouses and villas, all enjoying panoramic views. Fractional prices are for a 1/12th share of a property, which gives two weeks’ usage a year – one in high season and one in low season. The developer is also offering buy-back and guaranteed rental schemes, and an attractive payment structure that asks for a 33 per cent deposit, 34 per cent on the laying of the foundations and 33 per cent on completion. Barrasford and Bird Worldwide, www.bandbw.co.uk


ITALY


Castello di Casole is a five-star luxury resort and residence club in Tuscany, within easy reach of Florence and Siena. Stretching across 4,200 acres, the historic estate features traditional casali (farmhouse villas) that are available for whole or fractional ownership. Fractional prices are for a 1/12th share of a property, which gives an average of three guaranteed weeks per annum. Owners here have the chance to tour the estate’s own vineyards and olive groves – and the exclusive chance to buy its wine and olive oil. Castello di Casole, www.castellodicasole.com


£19,500 for 1/12th share


£19,500


£235,600 (€275,000) for 1/12th share


£235,600


58 A PLACE IN THE SUN APRIL 2011


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