Nvoga
Co-Ownership

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THE BENEFITS

The most desirable location at the Price you can afford

Fractional property ownership was originally introduced in the USA, however, due to the benefits for developers, resorts and buyers, fractional ownership is now being incorporated into sales programs throughout Europe and Asia.

Owners are issued a deed representing their fraction of the property. Fractional owners also take on the benefits and losses that come
with ownership: If a vacation home grows in value over 10 years, individual shares appreciate, too. Co-owners share usage rights, income and access to their shared property proportionate to the percentage of the asset they own. Unlike a timeshare, fractional ownership means you own part of the second home itself, not just the time you can use it.

Fractional ownership means sharing the burden of homeownership. You essentially have a group that shares accountability, maintenance, checks on the condo and shares the cost of repairs and maintenance work that would otherwise be left to one single owner.

What are the pros and cons of fractional ownership?

Pros include:

  • Each owner has express ownership of part of the property.
  • Your capital goes further as a part of a collective buying power.
  • You have greater control over when and how you stay than a timeshare.
  • There are typically fewer owners to share with than a timeshare.
  • You can sell your shares in the property whenever you want.
  • Your shares can appreciate over time.

Cons include:

  • You aren’t the sole owner of the property.
  • You pay management fees, if you choose an external manager.
  • Your shares can depreciate over time.
  • It can be difficult to sell shares versus a whole property.

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