Fractional Co ownership the new buzz word for second homes in Tenerife

17th of January, 2011 Bookmark and Share
A new and innovative concept which will revolutionise how people buy their holiday home abroad is about to be launched by Chayofa Country Club, in association with Co-ownership World.

The development, which comprises apartments and villas, is set in the peaceful and exclusive suburb of Chayofa in the South of Tenerife and offers the new concept of co-ownership which offers significant advantages to how people buy their second home abroad. This concept is the buzz word to those looking for luxurious accommodation combined with excellent amenities and provides both investment and usage options which are un-paralleled.

In brief, owning co-ownership provides the opportunity to own a much larger and higher quality home than may otherwise have been affordable whilst avoiding all the concerns of maintenance and security that second home ownership often entails. This is not timeshare. You own the freehold portion of your property whilst at the same time enjoying any profit from the property’s increase in value. The running costs of a co-ownership property are shared in proportion to the amount of ownership thus making this a far more cost-effective alternative to outright whole year ownership. These costs are shared between owners of the property concerned and each owner has access to all accounts etc which relate to that property. In addition, co-ownership provides Title Deed for each owner, thus giving all the benefits of owning the property outright, but at a fraction of the cost.

Co-ownership at Chayofa Country Club will put owning a holiday home in the sun within reach of just about everyone, giving them the opportunity to enjoy property investment at a fraction of the whole ownership price and will provide the chance to make money out of owning a property abroad not a dream, but a reality.

For further information please contact
Eddy Wilkinson has worked within the property market for over 30 years during which time he has travelled extensively, studying property trends and investment in a wide range of countries within both Europe and the USA. He has written many articles on this subject and specialises in the Spanish market where he has given talks and advice to many seeking to invest in the luxury second home sector.