Shared Ownership

Shared Ownership PropertySHARED OWNERSHIP, is not in general a new concept but it is now gaining momentum as a more desirable low cost alternative to owning a property abroad.

The concept within the property sector is booming at the present time, simply because so many people would like a home abroad, but don't want the hassle or expense of owning real estate they can only use for a few weeks at a time.

However, they do want the value, equity and all the other benefits associated with owning a property. This is where Spanish Property Choice's Shared Ownership, comes in to play in the form of fractional real estate.

Shared Ownership basically allows several connected or unconnected buyers to combine their resources and collectively OWN a fabulous property but at a fraction of the cost of single ownership.

Shared Ownership PropertyWith our Shared Ownership Scheme you get the same realistic use as you would for an outright purchase, but for a fraction of the price. Ask yourself do you really want to spend 100% of the price on a product you will use six weeks a year, or pay a Fraction of the cost for the same usage.

This investment can potentially out perform market averages - purchasing a quarter of a larger or better located property is more likely to lead to greater appreciation than an outright purchase for a similar level of investment.

Shared Ownership meets the needs of many more potential purchasers:

  • People who would love to buy a holiday home in the sun but lack the funds to be able to do this.
  • People who may have the funds already in place but recognise it makes no economic sense to own a property outright for maybe 6-8 weeks holiday a year.
  • People who would like to test holiday home ownership prior to making a larger investment.
  • People who see shared ownership as a way of spreading their portfolio and reducing their financial exposure.

Like timeshare, you are entitled to stay at an apartment, town house, villa etc for an agreed period every year. But unlike timeshare, you OWN a freehold share in the property. You will be named as a % owner on the Escritura.

Shared Ownership or the option of Timeshare

Q: What is the difference
Over the years the media have covered all of the aspects of timeshare and the residual consensus is generally not very good for the property market. The simple notion that you can have guaranteed occupancy rights for a set period of time each year is wonderful but in practice, so many bad experiences have tarnished the business.

Shared Ownership allows a select number of unrelated purchasers to enjoy occupancy rights based on equity ownership. Each owner gains from any appreciation in the property value and can sell their % of ownership at market value at any time.

Owners benefit through Shared Ownership by

  • Potential asset appreciation through freehold ownership
  • Acquiring a luxury lifestyle in an affordable quality home
  • Minimising running costs
  • Benefiting from a professionally managed home
  • Generating income from rental and resale

Property Investors

Investors can now buy fractions from developers through Spanish Property Choice. There are several clear benefits to participate in an asset class via Shared Ownership which has offered historically attractive profits.

  • Lower entry levels of investment
  • Often out performs market averages. Buying a quarter or half of a larger and or better located property is likely to lead to greater appreciation than outright purchase for a similar level of investment
  • An option is available to buy all four shares of a quarter share property and sell each fraction when the timing is optimal.

Spanish Property Choice's Shared Ownership concept is based on a MAXIMUM of 4 co-owners purchasing a 13 week fixed share of a property using our designated occupancy plans.

Spanish Property Choice believe that only having a maximum of 4 owners gives the purchaser more of a tangible share of the property and the realisation of a true investment rather than having multiple investors.

The Shared Ownership plan gives you 4 x 13 week occupancy. All shares are designed to give you an equal spread over the calendar year allowing all 4 owners to visit their property in all seasons.

SPANISH PROPERTY CHOICE SHARED EQUITY PLAN

Plan Reference
Dates Saturday to Saturday
 
Plan Reference
Dates Saturday to Saturday
C
2 Jan – 9 Jan
 
D
10 Jul – 17 Jul
A
9 Jan – 16 Jan
 
D
17 Jul – 24 Jul
A
16 Jan – 23 Jan
 
D
24 Jul – 31 Jul
A
23 Jan – 30 Jan
 
D
31 Jul – 7 Aug
A
30 Jan – 6 Feb
 
C
7 Aug – 14 Aug
C
6 Feb – 13 Feb
 
C
14 Aug – 21 Aug
C
13 Feb – 20 Feb
 
C
21 Aug – 28 Aug
C
20 Feb – 27 Feb
 
A
28 Aug – 4 Sept
B
27 Feb – 6 Mar
 
A
4 Sept – 11 Sept
B
6 Mar – 13 Mar
 
A
11 Sept – 18 Sept
B
13 Mar – 20 Mar
 
B
18 Sept – 25 Sept
D
20 Mar – 27 Mar
 
B
25 Sept – 2 Oct
D
27 Mar – 3 Apr
 
B
2 Oct – 9 Oct
D
3 Apr – 10 Apr
 
D
9 Oct – 16 Oct
D
10 Apr – 17 Apr
 
D
16 Oct – 23 Oct
D
17 Apr – 24 Apr
 
D
23 Oct – 30 Oct
A
24 Apr – 1 May
 
D
30 Oct – 6 Nov
A
1 May – 8 May
 
A
6 Nov – 13 Nov
A
8 May – 15 May
 
A
13 Nov – 20 Nov
C
15 May – 22 May
 
A
20 Nov – 27 Nov
C
22 May – 29 May
 
B
27 Nov – 4 Dec
C
29 May – 5 Jun
 
B
4 Dec – 11 Dec
C
5 Jun – 12 Jun
 
B
11 Dec – 18 Dec
B
12 Jun – 19 Jun
 
C
18 Dec – 25 Dec
B
19 Jun – 26 Jun
 
C
25 Dec – 1 Jan
B
26 Jun – 3 Jul
 
 
 
B
3 Jul – 10 Jul
 
 
 

Occupancy plans C & D are designed to cover all the school holidays making them ideal for families with children and also for investors wishing to achieve high profitability from holiday lettings.

Plans A & B are ideal for golfers or families that do not wish to take school holidays and take advantage of the added benefit of cheaper flights.

To find out more about our Shared Ownership Scheme or to view our portfolio of properties then please call into our offices on Mojacar Playa Avenida del Mediterràneo 363, Mojacar. We are open daily from 10am – 6 pm (no siesta)

Or call +34 950 615 388 or 0843 3133639  (BT/4p a minute from the UK.)