Are you interested in the potential of investing in property overseas, but not in the position to afford a whole property?
Are you an existing investor who wants to diversify and spread your risk over several overseas properties?
Do you and a group of family, friends or colleagues want to purchase an investment or shared holiday home overseas?
Whether your aim for ownership is capital growth, from one of the latest emerging markets such as Turkey, or even a guaranteed income or use of a holiday home, Edison Ford can help.
If needed, Edison Ford will help you find like-minded investors or individuals who are interested in achieving the same goals from an overseas property. Edison Ford will then assist you with the set-up of the fractional ownership on your chosen property, with every aspect of the process being fully managed by Edison Ford’s dedicated property team.
Given that each destination around the globe has different purchase processes and nuances, the exact process for establishing fractional ownership will vary. For further information on the opportunities currently available, or to enquire whether a property you have in mind could be purchased using Fractional Ownership, please submit an enquiry now.
In this simple example, a Turkish property with a market value of £70,000, can be purchased by four parties, each owning an equal 25% share in the property. The cost of each share has been estimated at £19,000 in this case, to include the £17,500 capital required for the property itself and also the costs associated with both establishing the fractional ownership and purchasing the property, likely to be a total of 8-9% in Turkey.
In this simple example, the parties will purchase the property jointly, via a single purchase contract, which will then be supported by the necessary partnership agreements. In the Turkish market, where it is perfectly secure to establish ownership in this way, the normal purchase costs incurred by an individual buying a property, will be split between the four parties, making this a very cost effective purchase method.
Edison Ford have a range of opportunities available ‘off the shelf’, including a small block of 4 luxurious 2 bedroom apartments, in their own private gated area, within a small exclusive site. These 4 properties have their own private pool, in addition to the sites beautiful infinity pool. At a combined asking price of £275,000, any one property, combination, or the group of 4 properties can be purchased using fractional / shared ownership. To view the listings of two of the properties, please use the following links.
If you would like a specific quote on the set-up and purchase costs for this or any other opportunity, contact us now.
