If you’re looking for information on fractional ownership in South Africa, then check out fractionalownership.co.za
Currently the only fractional/shared ownership portal site in South Africa, the following text is taken from their home page.
Fractional Ownership can be defined as the collective ownership of an asset, usually one with a high monetary value. Usage of the asset is normally allocated to the shareholders (owners) by means of an ownership usage roster and running costs are divided amongst the shareholders.
A second home has been called the ultimate discretionary purchase — something that many people would like to have but no one needs. People who do own a place at the beach, the bush or in the mountains often are quick to express frustration at not being able to spend more time there. It hardly makes sense to have the expense of a mortgage, upkeep, insurance and taxes for a place you don’t use more than a couple of weeks a year.
Currently this website offers relevant industry news and offerings on the Fractional Ownership opportunities within the leisure property market of South Africa.
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