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What is Fractional Ownership at Appassionata? Boutique and luxurious, family owned Appassionata offers a simple way to own an overseas property for a fraction of the cost. Fractional Ownership allows a number of buyers to collectively own a luxury property, which is professionally managed and maintained. As a lifestyle investment, Fractional Ownership makes sense. On average, a holiday homeowner only uses their property for 40 separate nights but pays for the entire year. Fractional owners don’t have the financial burden of maintaining the property all year round; they simply split the maintenance fees with fellow owners. Appassionata’s owners buy a 1/10th interest in their residence of choice, which allows five weeks residency each year. Appassionata’s owners are investing in ‘bricks and mortar’ – an asset which can be passed on to family. “When you buy into Appassionata you buy a lifestyle. A real Italian lifestyle. A region full of wonderful people who are passionate about their land and take pride in their life.” Owner Testimonial
Appassionata’s properties are owned by their members, through a UK based non-trading company. When members wish to sell, gift or transfer their membership it is a straightforward process which can also be executed easily from overseas. It does not involve the complexity or cost of transferring property under the Italian legal and tax system. In simple terms:
‘The Members own the Company - the Company owns the property.’ The Lifestyle Investment: Il Riposo - ‘The Retreat’ has 70% sold through and is available at the special price of £105,000, for a 1/10th fractional share with 5 weeks residency every year. Casa Tre Archi, Casa Giacomo and Casa Leopardi have sold out! Please check the property section of our website for resale opportunities.
Appassionata Copyright 2017
Residency
The Residency Calendar ensures owners have annual access to the peak months; it is simple to operate and provides flexibility for all. Using the annual reservation system members will reserve 2 consecutive weeks over the peak period (May to the end of September) and then reserve their remaining 3 weeks during October to April, in any combination, on a rotating priority basis. There are 10 members in the priority system for each residence. Priority is established upon initial purchase. Each year members move up the priority list, e.g. if you are fifth one year you are fourth the next, etc. To ensure a fair system, the member who has first choice for the selection of peak weeks will have the tenth choice for non-peak weeks.The management company hold two weeks for maintenance purposes that can also be exchanged if necessary. Weeks can be exchanged with co-owners, used by friends and family or rented to a third party. The reservation process takes place each year in September/October where members choose their weeks for the following year