We were delighted to have this editorial published this week by Italian Property Experts, Gateaway. We hope you find it informative!

With 12 years’ experience and 54 owners, Appassionata is offering the unique opportunity where 10 people collectively and securely own a luxury holiday home in Italy.

As a lifestyle investment, Fractional Ownership makes sense. On average, a holiday homeowner only uses their property for 40 separate nights but pays for the entire year.

Fractional Ownership was developed to create a more secure and reliable solution for those wanting to share ownership of a luxurious item. Property, aeroplanes and boats are the most popular, where the ownership is generally shared between 4 to 12 owners. The key to Fractional Ownership is ‘ownership’; you own a share of the property in perpetuity, with the right to sell at any time.

“The expense of buying a holiday home outright, along with the annual running costs seemed crazy, when you may only use the house for an average of 40 nights a year. – That is why Appassionata was born! ”

— The Sunday Times

IS THE PURCHASE PROCESS SIMPLE?

Buying a Fractional Ownership home in Italy, with Appassionata, is simple. The property is already registered in the land registry. You have deeded ownership of the property. You buy a share in the company that owns the property. A simple transaction with no additional purchase costs.

IS THE PROPERTY READY TO MOVE INTO?

Buying a Fractional Ownership home in Italy, with Appassionata, is simple. The property is already registered in the land registry. You have deeded ownership of the property. You buy a share in the company that owns the property. A simple transaction with no additional purchase costs.

HOW MANY WEEKS DO WE GET EACH YEAR?

You have 5 weeks of annual residency. The Residency Calendar is simple to operate and provides flexibility for all. The weeks are reserved each year to ensure each owner always receives 2 weeks in the peak season and 3 weeks in the off peak season (taken in the combination of weeks they desire ). Weeks can be exchanged with co-owners, used by friends and family or rented to a third party. Some of our owners desire more than 5 weeks each year so have bought more than one share

WHAT ARE THE RUNNING COSTS FOR THE PROPERTY?

To ensure that Appassionata properties are luxuriously maintained, an annual service charge is payable by each member. This charge is calculated on the total running costs of the property and is divided between the 10 members equally. This is one of the great benefits of fractional ownership and substantially reduces the costs you have for running the property.

WHY IT MAKES SENSE?

While it is extremely tempting to want to purchase a property outright in Italy, one has to ask yourself “how much am I really going to use this?” There are restrictions on non Europeans visiting Italy each year. Many people coming from the UK, USA or any other 3rd nation state might only be able to spend a few months in Italy each year, Fractional Ownership solves that problem.