Wetag International Insights Luxury Property, Architecture, Culture and More

Fractional ownership seems to be the “Messiah” of owning a vacation home abroad. Without a doubt, this is definitely the trend in luxury real estate for the next years. Just recently, the World Forum on Fractional Ownership was held in London, England, an event which was sold out do to the overwhelming popularity of the hottest new trend in real estate. Professionals from all over the globe met to listen to hot market tips from fractional ownership gurus.

Fractional Ownership, unlike its predecessor vacation timeshare, offers the investor a real equity stake in the asset, in most cases the assets are vacation properties, or unique residences in idealistic locations. The concept of fractional ownership developed in the US quite a time ago and is now on its worldwide march to victory. Many developer look closely to the opportunities given by fractional ownership and realize its potential long term benefits as a business model. In simple terms, it allows the participants to co-own an asset, and to share the costs, and to benefit from maximum utilization.

Take a look at the following example of great fractional ownership opportunity. Castello di Casole is a five star luxury resort and residence club currently under development. Located within easy proximity to Siena and Florence, this historic estate is also home to the 18th century Castello, what will house an intimate 41-suite plus luxurious penthouse hotel. Several villas are being restored or will be restored where you can purchase 1/10th share to become part owner of that property. This will enable you to spend a certain amount of time in the year in your property, but also rent it out for your income. The property is managed by a well known managing group, what will take care of all arising problems you would usually have to deal with. They also manage the rental of your property. This is a fantastic opportunity to own your own little Tuscany.

Posted By: Peter Rabitz

Florence – a well known medieval town on the Arno River, right in the heart of famous Tuscany region. It often gets called the “Italian Athens” because of its cultural importance in art. The city – founded in 59 B.C. – got its name by Julius Caesar who named the city after the “Roman goddess of flowers and growth of plant”. A long time, the city didn’t play a role like Pisa or Lucca, but around the 14th and 15th century it became very important and set ne standards in European’s art and culture scene. Many famous artists like Donatello, Botticelli and later on Michelangelo, Leonardo da Vinci and Galileo Galilee moved to Florence and the cultural history epoch of the Renaissance emerged. Today, Florence still host numerous samples of its rich history what makes the city a must go to visit when you travel to Italy. The city is also home of HQ of Gucci (one of the few labels not headquartered in Milano) and of some important branch offices of Prada and Roberto Cavalli, just to name a few.

A beautiful, classic style Florentine country estate, built in the 19th century and designed by architect Poggi (one of the Florence’s greatest architects), just came on to the market. Situated in a very convenient distance to the city centre of Florence and the airport sits this estate on almost 100 hectares of private land with woods and olives groves as well formal gardens and a lake. The main villa, stretching over three floors, is beautiful restored and boasts awesome views of the gardens and the surrounding countryside.