With the onset of the credit crunch, fractional ownership of holiday homes has been increasing in popularity as a more affordable and practical way of owning a home abroad.
Portugal has long been a leading fractional freehold destination and Madeira provides a great option for fractional purchasers, as highlighted in an article in the Daily Mail last week.
The journalist Xanthe Whittaker states that fractional ownership allows “for holiday homes, once the exclusive domain of the ultra-rich, to become available to people with considerably smaller bank accounts.”
Palheiro Village is given as an example of one such luxury location that offers value for money. The article highlights though that fractional is often attractive to people who could afford to own a whole property outright, but “would rather part-own than make the financial commitment of full-freehold ownership.”
For the full article, click on this link: http://www.dailymail.co.uk