Fractional ownership in Florida

A new development in Charlotte County, Florida is going to allow investors the opportunity to purchase one-quarter of a five-star villa. The scheme is different to “timeshare” programmes as each investor will own the Title (freehold) to the Florida property.

The furnished villas are located in the Golf of Mexico and are marketed by Florida Gold Homes. Each comes with a private heated pool and fitted kitchen appliances. Runnings costs are shared and maintenance and management will be in-house. The main benefit for those who purchase the property is the ability to sell it in the Florida property market in the future and enjoy the possibility of capital appreciation.

If one prefers his/ her very own Florida property, there are other new developments worth careful consideration. The Lake Buena Vista Resort Village is located in Orlando, a mile away from Disney. The resort contains two to four bedroom condominiums, which will feature wireless Internet access, washers and dryers, as well as high definition plasma television in all rooms. There is an abundance of amenities offered on-sight, including a fitness center, a clubhouse, restaurants, bars, and a heated pool and hot tub. Residents will benefit from free transportation to the Disney Parks. A two-bedroom condominium starts at around 235,600 English pounds, which is being offered by Imoinvest.

Florida property has been a topic of hot debate due to a slowdown in the market. Suzanne Morrill from World of Florida opines that anything one purchases, one has to look on the long-term investment not the quick turnaround. If one is happy to wait for three to five years, one wil see capital appreication of about five to six percent per year.

As with all property purchases, make sure that one gets good advise from an agent who is serving one’s best interests.

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Fractional ownership in Florida

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