Fractional Property Ownership Now Available in London
London Fractions has launched fractional property ownership in the UK. Buyers are now able to own property under shared ownership in the Capital's most prestigious locations. Buyers not only enjoy usage rights but share in the title deed or "bricks and mortar."
This however is represented in the prices. London's real estate market is one of the most expensive in the world with flat recently reportedly selling for a record £115m in St James's. And with the hosting of the 2012 Olympic Games, international demand is not expected to slow down any time soon.
The price of London's high-end properties has restricted many buyers from being able to own a second home in the UK's capital, however, there may now be a solution. With fractional ownership in London, buyers can share the purchase costs and operating cost of the property, in return for usage rights and most importantly a share of the title deed.
London Fractions exclusively offers prime located apartments and penthouses under fractional ownership in London's most prestigious and sought after locations. Their service and product enables buyers to purchase a deeded share of an individual property, retaining an equity share whilst also enjoying usage rights. In addition to this, London Fractions' clients can also enjoy a concierge service which can assist with every aspect their stay in London, enabling them maximise their enjoyment of time spent in the Capital.
A spokesman said, "we very much see London as a great location for anyone wanting to spend a month or two in Europe and have all the benefits of a home away from home."
Prices begin at around €150,000 for a 1/12th share with properties in key areas including Mayfair, Knightsbridge, Marylebone, Tower Bridge, Westminster and riverside flats along the Thames.