Fractional Shared Ownership

Shared Ownership is increasing in popularity as an alternative to whole ownership, and can be applied to both purpose-built developments and individual properties. In essence, Shared Ownership enables people to own an interest in a prestigious home [often in an exclusive holiday resort or glamorous city centre location] that they might otherwise be unable to afford. It is equally attractive to those who can afford to purchase property outright, but do not have the time to use or maintain it all year round.

Fractional Shared Ownership is commonly sold in anything from quarter to one twelfth shares, with periods of the year being allocated on a rotational basis. As well as having all the benefits of a management company to take care of the property, Shared Ownership means that the "shared owners" have a direct interest in the value of the asset.

Unlike Timeshare, Fractional structures require the correct balance between rights and obligations of developer and purchaser. At Citadel, we recognise the difference between timeshare and fractional structures and we have designed a number of alternative structures to fit the needs of individual developers.

Citadel can provide the Fractional shared ownership model that most suits your individual requirements, and assist you every step of the way in setting up the project in the jurisdiction in which the property is situated, including the provision of all documentation necessary to effect the sale, and an escrow facility for the proper collection and distribution of the purchase monies. Citadel can also take care of the sale of a "shared owner's" interest in the property, or the ultimate disposal of the property and distribution of the sales proceeds on the joint instruction of all the "shared owners".

If you have a property for sale, or are currently developing a project, that you wish to promote on a Shared Ownership basis, contact Citadel now to discuss your plans, we are sure we will be able to offer you the right model to match your project needs.

Note: Shared Ownership is not only confined to real estate. Luxury Yachts, Prestige Cars and Private Jets are just some of the other luxury products that are capable of Shared Ownership.