Fractional ownership is the shared ownership of a residence, with partner owners of the same unit.
Fractional ownership is titled ownership, meaning that anyone who buys a fractional (just like with full ownership) has a title to the asset / property. This also means that as the price of property in the area increases over time, so does the value of the investment or fraction.
Each fractional unit has a total of 13 owners. Each owner buys a 4-week fraction, (12 of them) with the 13th owner getting only 2 weeks. The 2 week fraction is always for weeks 51 and 52, which is the Holiday fraction. The rest of the owners buy a fraction with a season: winter, summer and spring / autumn. The fraction rotates every year within the season. Attached below is a 10 year schedule for your information, so you can see how the fractions rotate each year.
If you are thinking about purchasing a Fractional Ownership at Villa del Palmar, now is a great time to do it! Our real estate sales team can answer all of your questions and give you the best advice.