prestigious apartments villas
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Prestigious Properties
Saturday, 17/05/2008
<em>Trust, but verify. - <span class="foot">Ronald Reagan</span></em>




The properties that will make u feel good - iPG

See how it works... works in practice


As we mentioned we have many systems to adapt to clients requirements and needs:
  • More than 4 owners.
  • Rotating system on a monthly basis.
  • Etc.
This is based on a 3 month rotating system. Each fractional owner becomes a shareholder of the property and their use of the property is determined by an agreed rota. The system works very simply. You own a 13 week usage term within the property which rotates every year. For example, the 1st year, you can use weeks 1-13, 2nd year weeks 14-26, 3rd year 27-39 and 4th year weeks 40-52.

Profit is made when you buy not when you sell...
We offer a well-defined and well-managed ownership structure with a low expense ratio. Every property is purchased fully furnished to the highest standard, ensuring comfort and luxury during your stay. A professional management team will take care of almost every aspect of your investment home such as:
  • The maintenance of the property including breakages and replacements.
  • Having the property cleaned property weekly or after it has been occupied.
  • Company and apartment accounts, electricity and water bills, community, and satellite television accounts.
  • All the furniture, fittings and decoration.
  • Rental marketing.
Through the management company, each owner may be able to swap their ownership time with the other shareholders. As a shareholder you can also sell your investment at any time or rent out the periods when you will not be using it and earn a return from your investment.

The management company is initially appointed for a period of 4 years as this gives every investor the ownership throughout the full year. At that time, the shareholders can elect to appoint a new management company.

For some, the fractional ownership will be the first step towards a larger investment or a portfolio of property investments whilst spreading the potential risk and reward over a number of properties.




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