WHAT IS FRACTIONAL OWNERSHIP?
THE SMART WAY TO OWN A HOLIDAY HOME IN ITALY.
We offer a straightforward and cost-effective way of buying a holiday home in Italy. Selling 1/10th & 1/12th shares (with 4 or 5 weeks exclusive residency each year - depending on the house)
in your own unique property, that is professionally managed and maintained throughout the year.
WHY PAY 100% OF THE COST FOR 10% OF THE TIME,
WHEN YOU CAN PAY 10%OF THE COST FOR 100% OF THE TIME?
Fractional ownership is a method of property purchase involving several buyers. Each owner holds an equal part of the title. It permits purchasers to have a stake in an asset without having to pay for the entire property and associated maintenance expenses. These costs are divided equally among the owners.
With fractional ownership, the buyer owns a partial equity (shared with 10 or 12 owners in total) in a valuable asset without putting up the cash to purchase the entire asset outright. If the value of the property appreciates, the value of the purchaser’s equity also appreciates.
Our fractional ownership model is a very simple and transparent way to buy a share in a luxury holiday home.
Each house is divided into ten or twelve shares and each owner buys a share that gives four or five weeks annual residency. Every Appassionata property is owned by a non-trading, UK registered, limited company which has been established to exclusively operate the property on behalf of its owners. There are no addition purchase fees, Appassionata have done all the boring legal paperwork.
Unlike sole ownership of a whole house, which can bring its challenges, our co- ownership model takes the headaches right out of the equation. It’s our job to shoulder the load, and maintain the full beauty of the property and its immediate surrounds. Keeping it safe and secure, and every bit as wonderful as the last time you were here, until you return.
Wherever you hail from around the globe, and however you might describe what we do, be it real estate, owning property in Italy, fractional ownership, or property sharing, we like to think of it as creating a little corner of Le Marche that you, like us, can call home.
If your desire is to have a holiday home in Italy for a fraction of the cost, then Appassionata is for you.
As a lifestyle investment, Fractional Ownership makes sense. On average, a holiday homeowner only uses their property for about 40 separate nights but pays for the entire year. Fractional owners don’t have the financial burden of maintaining the property all year round; they simply split the maintenance fees with fellow owners.
There is a legal structure of course, buying a property is one of the most important decisions you’ll ever make. Appassionata has made the process and structure as safe and simple as possible. We have taken care of all the normal legal and tax issues associated with purchasing a property outright in Italy, saving you the headache and complexity of doing this yourself.