Looking for a second home but know you not want or cannot use it 100% of the time?
Can't afford 100% of the cost?
Interested in owning a portion of a property and be prepared to abide by regulations for the use and function?
If you have answered yes to the above, investigate fractional property ownership.
A holiday home is a dream that too often becomes a nightmare with high running expenses and security concerns as well as the guilt of not utilising the property often enough. People who do own their place often express disappointment at the limited time they have to spend more time there, as well as the feeling that they are now obliged to go to the place often to do maintenance rather than to relax!
The concept was well established in the ownership of corporate aircraft and in the 1990's was extended to property. The concept formalised the practice of a group of people pooling their resources to buy a holiday home or investment. Fractional ownership of second homes in South Africa is now a lot more attractive due to the huge increase in property prices over recent years and the effect this has had on affordability and maintainance.