French Property - Own - Rent - Share Fractional Ownership in France
Fractional Ownership in France

Fractional Ownership continues to grow

Share your Dream and share the rewards

Friday 19 May 2006 by The Nizas Reporter

You have most likely heard the term fractional ownership as an option in the purchasing of real estate where the concept has taken off big-time with cottage and vacation properties.

The concept of fractional ownership began years ago with passenger jets. It is easy to understand why private individuals or corporations would pursue owning a jet in a fractional agreement.

The concept received a lot of attention last summer when it made the news that 13 women in California jointly purchased a $37,000 necklace and agreed to share custody of the piece, with each owner having possession of the necklace for four weeks of the year. Considering that the number of functions to which a person could wear a $37,000 necklace is limited, this was a brilliant idea.

Another new interpretation of the fractional ownership phenomenon is the sharing of art with museums! Some collectors now offer their valuable pieces to galleries and museums for part of the year, helping to maximize the value of donors’ tax deductions

Sharing ownership of a cottage or vacation property makes sense. The price of real estate has risen sharply oer the last five years, placing it out of reach for many. Even some who can afford it question the return on their entertainment investment, when they will spend only a few weeks of the year enjoying it. Enter the win-win proposition of fractional ownership. A group of people share in the purchase price and cost of maintaining the property and then split up its use during the year.

Sharing the costs means owners can afford a more elaborate vacation property than they might be able to on their own. There is also the option of outsourcing the maintenance of the property, so that during the weeks they use the facilities, they can truly relax.

For a full explantion on Fractional Ownership - and the opportunities we can offer you ion France contact us through our website at

http://nizas.com or write to tony@nizas.com


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