“Bulgarian Property Consultants (BPC) is the leading consultant for a fractional ownership club system in Bulgaria”. BPC acts in particular as consultant and project manager for developers for the realisation and implementation of a fractional ownership club within their resort. BPC also advises property agents and investment consultants on the principles of fractional ownership and assists them in the acquisition sales process.
BPC has over 30 combined years of experience in the property market worldwide and 7 years working exclusively within the Bulgarian property market. Having worked with timeshare, and fractional clubs in the 80’s and 90’s, they have an in depth knowledge of the fractional ownership principles, its management and sales potential.
This knowledge combined with their well established experience of the Bulgarian property market and vast property agent network worldwide, makes BPC the ideal partner to develop, set up and execute a Fractional Ownership system.
Fractional ownership
Fractional ownership is currently the fastest growing property sector and is showing no signs of slowing with so many people keen to enjoy the benefits of a luxury holiday home & lifestyle without the hassle and expense. Most people who own a holiday home find they can only manage to spend a few weeks a year using it and then spend their time trying to find holiday makers to rent their property for the remainder to help cover mortgage costs and other expenses.
Although still in its infancy in Bulgaria the interest of selling property in fractions is growing at a high rate. Property agents and developers are on the one hand following the trends in the property sector at large but are also confronted with a growing decline in sales within the property market in Bulgaria that has been evident since the middle of 2007 and has accelerated dramatically since the onset of the world’s financial and credit crisis.
At a time when many property industry sectors across the globe are suffering from slow sales, fractional ownership may offer an alternative to buyers who do not wish (or can’t afford) to purchase outright. Historically fractional sales have been particularly popular when whole ownership sales decrease. People still want the benefits of second-home ownership during property slowdowns, however, they do not want to buy outright, and pay maintenance and bills for the time they do not use the property.
The Fractional Ownership Club system
BPC has, based on its knowledge of the fractional ownership principle, developed and identified a new and dynamic business formula that calculates the viability and effectiveness of a “Fractional Ownership Club” system within a specific development.
The fractional ownership club system is a tangible and very interesting tool to revive the stalled property market, realise positive sales for the developers and provide a secured top lifestyle product at a very low investment cost for clients/investors.
The system is based on the transfer of a building or hotel, or part of it, into a separate company, the division of that company into a number of shares (fractions), and sale of these shares at a nominal value. The new shareholders are grouped in a club, giving them the maximal benefit of their low investment, guaranteed accommodation during the lifespan of their shareholding, realize strong capital growth of the investment value and at the same time generate excellent rental yields.
The Fractional Ownership Club System, although based on the same concept as fractional ownership, takes into account that the economical downturn might still make many potential international investors hesitant to step in.
Key factors summary of the fractional ownership club system:
For the developer:
- Secure sales that are virtually nonexistent at the moment
- Saves the staggering VAT payments on direct sales of property
- Saves payment on profit tax resulting from direct sales of property
- Increases the occupancy rate of the complex
- Increases the use of all facilities and the amenities of the complex
For the client/investor:
- Very low investment cost and very high value for money
- Lifetime Guarantee of minimum 7 day holiday per year through allocation of room/apartment in top resort
- Option to generate income from non used allocated time
- Resale and money back guarantee
- No management costs
- Club membership discounts on facilities & amenities of resort
- Club membership have free access to all facilities/amenities at all time
Note:
Fractional Ownership IS NOT Timeshare! It affords much of the freedom and usage benefits offered in timeshare, however, the fundamental difference with fractional, is that the purchaser owns part of the title (as opposed to only purchasing units of “time”).
