Fractional Ownership Italy Owners Continues to Rise

Kensington, United Kingdom, October 20, 2014 (Newswire.com) - Abode Italy is a well-established real estate company based in Umbria, Italy. The company has been operating since 2007 providing a host of property services to customers from buying and selling properties to rentals and property management solutions.

The company has a dedicated team of experienced real estate agents with over fifty years combined experience in property solutions in Italy. Abode Italy is a growing business that is enjoying a large portion of the market share, especially in Umbria and Tuscany.

Abode Italy advised that they have had an influx of investors contacting them for properties, some investors are looking for investment opportunities with buy to let solutions to enjoy a good return on their investment, but the demand for fractional ownership is also on the rise.

Paul Cleary, a legal representative for Abode Italy said “Fractional ownership is very appealing to investors, especially those looking for holiday properties throughout Italy. Fractional ownership is a group of individuals who come together and purchase a portion of the property which they use for a set period of time each year. This reduces maintenance costs and also eliminates the need to find a tenant to bring in a return when the property isn’t in use.”

Fractional ownership is usually decided by the developer or property owner, according to Abode Italy. This is a huge advantage for anyone looking for a property to use a few weeks a year without the expensive overheads and without worrying how to get a return on their investment moving forward. Simply put, the purchaser buys a fraction of the property, thereby being responsible for a fraction of the maintenance costs. The purchaser call sell at any time, selling off their fraction should they decide they no longer want their holiday home anymore, they also have the right to rent it as a holiday let to make some return on their investment.

As Abode Italy continues to increase in demand and size, their property management team are always on hand to help purchasers find a good tenant to offer a return on investment. The team is multi-lingual with extensive experience in the property industry in Italy, which enables them to assist their customers throughout the purchasing, selling or rental process, ensuring they provide outstanding service at all times.