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

Spain, more likely hit by the worldwide turmoil, and Portugal seem to be on their jump back on everyones vacation property list - at least for golf properties.

A recent report by KPMG identified Portugal and Spain as the countries likely to emerge as the next “hot spots” for golf. Golf tourism is expected to continue to grow more quickly in Portugal than any other country in Europe, including Spain. Green fees on a weekend round on a course cost only an average of €78 in Portugal compared to €121 in the Emirates. Just add the year round mild temperatures and Portugal’s golden beaches and sunny blue sky’s and you will definitely consider Portugal your next second home location. There are several amazing golf property developments like the “troiaresort”, one of the most exciting new developments in Portugal. This exclusive residential and golf resort is located south of Lisbon on a spectacular ocean peninsula setting, featuring more than 12km of amazing beaches and encompassing the existing championship Tróia Golf course designed by Robert Trent Jones Sr.

Golf properties in Spain spoil their residents with exclusiveness and stunning setting like at the La Zagaleta Country Club, located at the heart of one of the most sought-after areas of the Costa del Sol and only a few kilometers from famous Puerto Banús. Residences in this area belong to the most desirable real estate in Spain and feature luxurious lifestyle throughout. Palazzo delle Luce is one of the most important mansions within La Zagaletta Golf & Country Club and offers quality and luxury finishing and interiors. No less remarkable are properties in Marbella. Marbella, famous as celebrity hot spot, offers numerous stunning villas in one of Spain most well-known location. Beautiful beaches, great nightlife with restaurants and bars and private estates near some of Spain’s best golf courses can be found at this idyllic spot.

Posted By: Peter Rabitz