Shared Ownership
We are well aware that for many the dream of a second home was crushed by the credit crunch. The difficulty in raising money, even extract equity from an existing property is not that easy, so we have devised an option to make owning a property abroad more affordable.
On our latest project we are offering the opportunity for a small number of people to own an equity share in a dream home and together with this via our sister company Escape to Abruzzo we can take on all the potential hassle and headaches of ownership.
Very Simply Here is how it works.
- You buy a 22.5% share in the property, along with only 3 other parties
- 10% of the property is retain by a management company (Escape to Abruzzo)
- For your share you get use of the property for 12 weeks of the year, which you can use yourself or make available for rent
- Any rental income generated by those 12 weeks goes directly to you (less a management fee and maintenance)
- You benefit directly from any property price increases, as your share increases accordingly
- You are able to sell your share at any time
So, you get all the benefits of full ownership, but at a vastly reduced initial investment. We are offering this scheme on our project planned for 2010 which is currently at concept stage, but initial projections suggest that the investment required for a 22.5% share will be in the region of just €125,000.
Take a look at the details of the project by clicking here, or contact us if you are interested in discussing this scheme further.