The idea of part ownership of an overseas property was borne out of the demand for the opportunity of investment for all level of investors. It also provides the chance of regular holidays in one’s own home but without the pressure of feeling one has to holiday there at every opportunity because of a large mortgage. For a relatively small investment, one can become part-owner of a freehold property, yours to enjoy for a part of the year, on a rotating basis, meaning that each owner will occupy the property at different times of the year. Many resorts also provide a full rental service with their part ownership scheme. Thus if you choose not to use your allocated time they will rent and manage your property for you, leaving you with a pay cheque to spend on a holiday somewhere else!
PESTANA
The ‘Four Owner Scheme’ at Pestana Golf Resort in Carvoeiro uses the wonderfully simple scheme of rotation. Along with three other independent parties you own a luxury freehold property at Pestana Golf Resort, each quarter secured by individual title deeds. This well proven system considerably reduces the cost of ownership as it is split into four equal parts, with each party using the property for thirteen weeks of the year. The convenient rotating system means that each owner will enjoy the property in different seasons each year. This golf resort will let your property for the periods that you don’t want to personally use, and of course you can sell your investment at any time. Every property is sold fully furnished and the professional management team takes care of the maintenance and administration of your property. As a freehold property owner you benefit from special golf rights during your ownership periods.
Prices start at €54.700 for an apartment and go up to €149.500 for an off plan 3 bedroom townhouse.
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PALM GARDENS
This peaceful resort consisting of only 80 townhouses is set on a stunning cliff top location just outside Carvoeiro. Many of the houses boast sea views, and all are sold fully furnished and with air conditioning, satellite T.V, and fitted kitchens. Communal facilities include tennis courts, swimming pool, gymnasium and health club, and owners benefit from discounts on nearby golf courses. The Four Owner Scheme on this development also operates on the simple and convenient rotating system that allows each owner to use the property for the different seasons. The resort team can let your property for the periods that you don’t want to make use of it, and an owner can sell their investment at any time.
Prices start at €59.500 for a two bedroom townhouse.
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AMENDOEIRA GOLF RESORT
This luxury golf resort set amidst the beautiful countryside east of the historic city of Silves, with 640 acres of golf, leisure, and accommodation facilities, is set to be one of the finest of its kind in Europe. The project will feature two 18 hole championship golf courses, hotel and spa, swimming pools, tennis courts, football pitches, bowling greens, and a family centre with crêche, activity club, restaurant and bar. The Stepping Stone Scheme consists of each property owner enjoying 13 weeks of the year, in rotation.
The scheme is available on 2 and 3 bedroom apartments with prices starting at €170.000, and there is one remaining 3 bedroom villa quarter share still available at €290.000.
VILA BAIA
This resort in the village of Luz provides two different part ownership schemes. Stepping Stones is the simple quarter share ownership scheme with each owner enjoying 13 weeks of the year, in rotation. The second scheme ivolves 12th share ownership of linked villas. This new approach to home ownership allows 12 unconnected buyers to collectively own 100% of a freehold property in the sun. This scheme meets the needs of many potential buyers and provides the steps to a dream home. This is a practical and appealing way to own property providing all the benefits of ownership without the burdens and responsibilites, and the price includes a quality furniture package. The property can be rented out to generate income, thus reducing the annual overheads considerably.
Prices for quarter share Stepping Stones start at €65.000 for a one bedroom apartment and €110.000 for a 2 bedroom apartment. The 12th Share Scheme has prices starting at €25.000 for a 3 bedroom linked villa.
VILA SOL
For a fraction of the normal purchase price the buyer can enjoy the full services and discounts of this luxury golf resort, and only pay a quarter of the fixed costs such as condominium fees. The rotational occupancy scheme ensures all co-owners enjoy an equal share of holiday time within the different holiday seasons. These apartments are within Vila Sol Village, near to the luxurious spa and brand new commercial centre of the resort. There are ample grassed areas, three main pools – one of which is heated – a children’s pool, jacuzzi, and a bar/restauarant. This much sought-after golf resort boasts a 27 hole golf course, tennis courts, and restaurants. The properties are fully furnished and equipped and feature fitted kitchens, air conditioning plus heating, and a T.V and stereo system.
Prices for this Seasonal Ownership Scheme start at €120.000 for an apartment.
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For more information on share ownership, contact Gatehouse International on either:
Portugal: 00351 289 356 395
UK: 01480 477773
