Fractional Ownership News

Vote for the 2010 Fractional Life Readers Choice award

The shortlist for the 2010 Fractional Life Awards has been announced, and we are giving you the opportunity to vote in the Readers' Choice category.

Vote here for the fractional real estate development you believe should win this year's FL Readers Choice award. Only one vote per person is allowed, and voting ends on Tuesday 16th February 2010. The winner will be announced at the Fractional Summit in London on 19 February 2010.

The choice is between the following four developments:
Appassionata, Casa Giacomo, Le Marche, Italy
Oceanico Prestige Residence Club
yooPhuket, the Absolute World Group
47 Park Street, London

Read their entries below, and then click here to cast your vote.

Entry 1: Appassionata, Casa Giacomo, Le Marche Italy

The beautiful countryside Estate of Casa Giacomo Leopardi is situated just below Montefiore dell’Aso in Le Marche, Italy. The luxury development will consist of three beautiful properties sitting in five acres with stunning views of the Adriatic Sea and Sibillini Mountains.

The three properties are undergoing a combination of a sympathetic renovation and new build. The original property is a former working farmhouse and outbuildings, over 150 years old. We will create two four-bedroom houses (230 and 210 square metres) and one of three-bedrooms (180 square metres).

Casa Giacomo, completed in October 2009, has been designed to ensure a harmonious blend of traditional and modern materials.  The use of chestnut wood, marble, granite and handmade terracotta floor tiles blend perfectly with the bespoke bathrooms and Italian fitted kitchen. The interiors have been created with a lovely balance of modern and traditional materials, creating a warm feeling of home whatever the season. Original art, antiques, modern furniture and high quality fittings all work together to give you the best of both modern and old Italy. The other houses will be finished to a similar standard but have their own individual design created by interior designer Dawn Cavanagh-Hobbs.

Our Fractional Ownership model has been developed in conjunction with Eric Gummer of Howard Kennedy. The structure utilises a UK Company limited by guarantee, a non trading entity that issues company membership to owners; this clearly details the ownership rights. The deeds of the property are held in a wholly owned UK subsidiary company. The memberships are fully transferable and can be sold at any time. ‘The members own the Company – the Company owns the property.’

We have purposefully developed a very flexible fractional ownership model so that owners can create the fraction that suits them best. We did not want to be constrained by a set model so have come up with a scheme that is driven by complete flexibility. Whether potential owners want to purchase 3 months, 5 weeks, or just 1 week, we have a model that will work for them. Our pricing is competitive:
A single week’s ownership is £20,000 pounds
Three week’s ownership in Casa Giacomo is £55,000 pounds
For any purchase over 3 weeks each additional week is available at £18,000 pounds.
For less than £100,000 (£91,000) you can own 5 weeks residency in Casa Giacomo

Our Rotating Residency Calendar also allows complete flexibility, owners can either take their weeks together or split them as they desire. The most fundamental rule o More Fractional Boats & Yachts news
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