For two years I have been working hard on putting together information on Fractional Ownership in France – it has taken a lot longer than I first thought as sorting through the hurdles and pitfalls of French legislation, the tax and legal systems is not simple.
During the next week I plan to re-launch our specialist site http://HarmonyOwnership.com and to publish more papers and information on Fractional Ownership in France.
At present there seem to be two market “presences” – it is like the old days of VHS and Betamax – or today HD/DVD and blu-ray – in Fractional Ownership it seems to be “luxury” and “commercial”. I believe that, in France, the Fractional Ownership of a property is a luxury decision and that to involve anything to do with rental incomes or large property premiums will cause long term problems for buyers.
Buying a share in real-estate in Fractional Ownership is not an investment for income- it is a lifestyle decision – but also it should be a viable return on the use of your money. A quarter share of a villa or apartment with a market value of one million euro will have a higher value for Fractional ownership – the quality of finish will be higher and there will be a high standard of furnishings and fittings – the property will be ready for occupation and fully equipped – but this premium is usually in the region of 15 to 20 percent of the property value – higher and it can have other implications.
This is one of the aspects we are considering for the way we are putting together our community sites and a very god reason why you should keep reading this blog.
Business in France, Fractional Ownership, fruk, Personal, Real Estate