Imperial Properties Mallorca are very pleased to announce that today we have launched in collaboration with Lazazu this revolutionary method of acquiring luxury property in Mallorca.
In todays world, where buyers are comfortable with the concepts of only paying for products and services they actually use, think uber, airbnb, car share, boat share and private jet share, this fractional ownership system allows buyers to match their capital to their actual usage.
Each property on offer can be purchased in multiples of 1/8 shares, upto a maximum of 1/2, each share allowing 45 nights usages of the property. The property is owned by a dedicated Spanish SL (similar to LTD or GmBH) in which each owner holds the legal shares in the proportion purchased. All costs are also shared, so the system can avoid those potentially large unexpected bills that can arise if you are the sole owner of a property.
You can see the website here https://www.lazazu.com/ of our chosen partner Lazazu who co-ordinates the whole process both during pre purchase and for the full life of ownership
This concept is well established in the US with the benefits of fractional ownership being enjoyed across various markets, for more information take a look at this article from Wikipedia https://en.wikipedia.org/wiki/Fractional_ownership
Take a look at the properties that we have on offer in shared ownership on our dedicated page here https://www.imperial-properties.com/en/fractional-ownership-in-mallorca
If you have any questions or doubts regarding this unique way of acquiring property in Mallorca, feel free to email help@imperial-properties.com and we will be glad to help.
