Fractional ownership property in the Algarve is becoming a cheap way to own an apartment on a golf development in Portugal.
One development that has successfully offered fractional share property in the Algarve is Pestana Golf Resort.
The dream of owning a beautiful holiday or retirement home in the Algarve with its warm climate the unique and superb beaches and golf courses involves a major financial investment and is sometimes difficult to justify if the property is only used occasionally. There is an Alternative: The Four Owner Plan at the Pestana Golf Resort Carvoeiro a convenient rotating system gives each owner the opportunity to enjoy the mild climate of the Algarve throughout the year. For a relatively small investment you become part owner of a freehold property which is yours to enjoy throughout the year on a rotating basis. With three other independent parties you own a luxury apartment at Pestana Golf & Resorts each quarter secured by individual title deeds.
Prices range from €85,250 to €145.900 for Apartments to Linked Villas with the popular four owner plan. The owners can use the property for thirteen weeks of the year. Pestana Golf Resort Four Owner Plan is a freehold purchase and the Title Deeds are registered with the Land Registry in Portugal.
Buying fractional ownership property, through this well proven system, considerably reduces the cost of ownership as it is split into four equal parts each owner using the property for thirteen weeks of the year. This system has been devised whereby each owner is not limited to any one period of the year. For example during one year they may occupy the property during April August and December and in the next year March July and November. Each property is purchased fully furnished the interior being designed to ensure comfort and luxury using the highest standards of furnishings and fabrics.
Pestana golf resorts professional management team takes care of the maintenance and administration of your property. These personalised services allow you to fully enjoy your leisure time in your home. With each purchased period ownership brings a range of generous reductions within the group which include reductions on green fees reductions for your guests etc. Golf membership for two people is offered with each period membership also brings reduced bar & restaurant bills at the three clubhouses.
Elite Realty are members of the International Estate agents Global Property Network called Globalprops where there are estate agents from all over the World offering a wide choice of properties for sale including fractional ownership offers.
To view an example of a fractional ownership property in the Algarve, on the Pestana Golf Resort, go here.
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