Fractional ownership in FloridaFractional ownership in Florida

The Florida property market is presently contemplating on the idea of fractional ownership.

Florida property has been a recent topic of hot debate due to a slump in the market. “Anything you purchase you have to look on as a long term investment, not a quick turnaround. If you are happy to wait three to five years then you will see capital appreciation of about 5 to 6 per cent per year,” opines Suzanne Morrill from World of Florida.

These issues have influenced certain developments in the Florida property market. One of these developments is the fractional ownership scheme. Investors will now be allowed to purchase a quarter of a five-star villa in Charlotte County, Florida. Different from the ‘timeshare’ programmes, investors will be allowed to own the title (freehold) to the Florida property. The advantage is that the owners can sell the property in the Florida property market in the future and even benefit from the possibility of capital appreciation.

Located on the Gulf of Mexico, these villas are marketed by Florida Gold Home. Each furnished villa contains fitted kitchen appliances and a private heated pool. The running costs will be shared. Also, the maintenance and management will be in-house.

Those interested in Florida properties may also look into The Lake Buena Vista Resort Village in Orlando. The resort comes with two, three or four bedroom condominiums. Other amenities include wireless internet access, washers and dryers, and a high definition plasma televisions in all rooms. Owners can also use the clubhouse, restaurants, fitness centre, bars and a heated pool and hot tub. Since the resort is a mile away from Disney, residents are entitled to free transportation to the Disney Parks. A two-bedroom condominium are priced at around £235,600 offered by Imoinvest.

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Fractional ownership in FloridaFractional ownership in Florida

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