Brazilian property investors ’should consider shared ownership’
People looking into Brazilian property investment should consider shared-ownership as a way to take the hassle out of owning a holiday home.
Timothy Barber, writing for City AM, said that the growing market for fractional or shared-ownership has come in as it allows people to purchase a portion of a property in a luxury resort.
People taking this option on their Brazilian property are buying a freehold share, rather than units of time as with a timeshare deal, which means that as the value of the holiday home rises, so does the value of the share.
"It’s a nifty way of enjoying a luxurious foreign pad without having to stump up millions and there are other perks. Resorts offering fractional properties will also manage them, meaning you just have to turn up on your agreed dates," added Mr Barber.
The number of people looking at shared-ownership of Brazilian property could be on the rise, with new figures from Primelocation.com showing that there has been a 39 per cent rise in the number of property searches carried out over the last year in areas such as South America.
