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erasmuser
New member
Any ideas on how a group of us could buy a property in Pollensa that we can all share anytime we need to?
Can anybody help with ideas/suggestions?
Can anybody help with ideas/suggestions?
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Gommar Goffer
Well-known member
I am afraid that I have no need to - but I will watch this thread unfold with interest 
GG
GG
allanglens
New member
It is easy enough in principle, but in practice needs to be done very carefully to avoid problems at a later date.
There is an established concept, called fractional ownership, and from recollection Barnard Hamilton have put a property (or more than one) to the market on this basis. This is aimed at individuals who want (or can only afford) to have more than a timeshare week, but less than full ownership. You might well be advised to look at their model, since even going in with family / close friends you will still need a framework to deal with a number of matters.
Off the top of my head you need to consider - title issues; allocation of use; maintenance; refurbishment; onward sale.
From business experience if you double the number of people involved you square the number of potential problems!
allanglens
There is an established concept, called fractional ownership, and from recollection Barnard Hamilton have put a property (or more than one) to the market on this basis. This is aimed at individuals who want (or can only afford) to have more than a timeshare week, but less than full ownership. You might well be advised to look at their model, since even going in with family / close friends you will still need a framework to deal with a number of matters.
Off the top of my head you need to consider - title issues; allocation of use; maintenance; refurbishment; onward sale.
From business experience if you double the number of people involved you square the number of potential problems!
allanglens
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