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<h2 style="text-decoration:underline; font-size:16px;">What is Fractional Ownership?</h2><br/>
<h3>It's a lifestyle decision. </h3>
Fractional ownership is forecast to be the next growth sector within the UK property market, providing the opportunity for you to have full bricks and mortar ownership of a fraction or percentage of a valuable property asset on a long (999yr) lease or optionally, to own the Freehold as a fractional owners group as no extra cost.
In practice, fractional ownership can range from a quarter to a tenth share, apportioned equitably throughout the year. This would give you, your family or friends, the right, as owner, to stay in the property for the corresponding fraction of the year during the full term of the lease.
Another big attraction is the fact that you don't have to worry about what is happening to your home in your absence - all you need to do for your allocated weeks is to turn up and relax. You arrive to a clean, aired property with all the support you need because your property is run on your behalf by a Managing Agent - typically the freeholder, whose functions are directed solely at making your investment work for you. <br/><br/>
<h3>How many holidays can you take?</h3>
The old rules about buying second homes outright are being torn up. For many people, - perhaps the majority - it no longer makes economic sense to spend a small fortune on owning your own holiday home outright - after all, just how much real holiday downtime can you get? The average working person in the UK gets five weeks' holiday a year and even the very lucky can't manage more than eight weeks.
Moreover, current market and media reports show that U.K. coastal property values are rising sharply because increasing numbers of people are holidaying again in U.K. resorts. Outright holiday home purchases in key resorts are, for most of us, out of reach. So if you want to own and enjoy an impressive fully furnished second holiday home complete with management services and located in an optimal holiday resort area but can´t justify the expense because you will only be using it a few weeks of the year, fractional ownership is for you.
Remember too that you can make an income from ownership by letting out your weeks to people you know and trust .<br/><br/>
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