What is Co-ownership or Fractional ownership
It is a well-known fact that many holiday homes are utilized less than 10% per annum, making for a very expensive holiday. This, combined with the fact that most economically active working individuals are limited to a maximum of four weeks of vacation per annum makes co-ownership the ideal choice allowing you to enjoy the full luxury of an up-market holiday home at a fraction of the price.
Advantages of Socoro style co-ownership
- Affordability in respect of acquisition, you effectively only pay for what you use. The Socoro Group has structured packages available to suit the individual pocket.
- Sharing of costs such as maintenance, rates, levies and insurance between shareholders.
- Unused segments can be rented out via Socoro.
- Segments can be exchanged between shareholders.