GoldAcre Estates launches Fractional Ownership properties in Fuerteventura, Canary Islands, Spain

GoldAcre Estates Fuerteventura’s leading Estate Agent has just launched a fractional ownership program in conjunction with the Fractional Property Group which will eventually rolled out throughout the Canary Islands and Spain.

John GoldAcre stated that the Spanish Real Estate market was going through a significant change, not just because of the current economic downturn but in general a lot of the ‘quick buck Estates Agents’ have now gone and we are starting to a core of more professionally run Estate Agencies throughout Spain, that are more focused on clients needs and the key element of client satisfaction.

New products are being investigated by Real Estate Agents such as the growing market of Fractional Ownership which is being driven by consumer demand for high quality properties without the need to obtain mortgages, client recent experience with banks have made them look differently at their overseas purchases and the amount of money they are prepared to expose themselves to, Fractional Ownership provides the client with the opportunity of owning freehold property in the Canary Islands without the need to commit to the full capital value of the property.

John commented that it was very important that the integrity and value of any program is maintained as otherwise Fractional Ownership will just end up falling into the same category as timeshare, for example some Real Estate Agents are trying to introduce 10 or 12 shares on property just to try to make it look cheap.

The maximum John GoldAcre said that GoldAcre Estates will arrange any Fractional Ownership program for is 4 or 6 shares, which would give each individual owner either 2 or 3 months usage of their property spread throughout the year.

All the properties with be furnished to a luxurious quality with everything taken care of the for the owners, the owners useage program will be based on a 4 year rolling calendar which will give the owners useage every season and every month of the year over the 4 year term, each owner can sell their shares independently of the other owners at any time.

GoldAcre Estates Fractional Ownership program commences with two different styles of property, one being frontline Apartments to the sea the other being Villas.

The apartments are Luxury 3 bedroom 2 bathroom sea facing, close to a marina and Blue flag beach. Each apartment has 42 m2 terraces and has it own parking underground, the facilities include a 27 m long pool, Gym and lifts to all floors, 1/6th Shares are only 45,000 euros each, John made the point that at this price this was less than the cost of a cheap one bedroom apartment.

The Villa is situated close to one of the main towns in the North of Fuerteventura and features Two Bedrooms parking and Gardens and 1/6th shares are only 32,000 euros each.

GoldAcre stated the advantage to a buyer of Fractional Ownership is that each owner does not have to worry about the day to day running of their property all bills are paid all the cleaning and maintenance is taken care of and the property is prepared and ready for each owners visit, unlike a wholly owner property where each owner is required to pay all their own bills organize maintenance etc ..

GoldAcre Estates have been in Fuerteventura Real Estate for the last 8 years and some 12 years in the Canary Islands in total, they have offices in Gran Canaria, Fuerteventura and Greece.

More details can be obtained by contacting GoldAcre Estates on info@goldacre-estates.com or visiting their website www.goldacre-estates.com

Is there light at the end of tunnel regarding doom and gloom in the Spanish property market?

Fuerteventura leads the way with prices increasing in the Canary Islands, opportunities to buy luxurious property at excellant prices with Guaranteed mortgages so no credit crunch worrys, Fuerteventura is only 3.5 hours flying time from most of mainland Europe and has miles of Golden sand beaches , Canary Islands home to the Canary Palms.

Spanish Property Collapse a distant past as Fuerteventura sees Prices Increasing

Is their Light at the end of the tunnel of doom surrounding the Spanish property market ?

The Canary Islands in Particular Fuerteventura would like to contest the stories that surround the bad news that circulates around the press regarding the Spanish Property market, Vista Mar a Luxury development of 79 three bedroom apartments that are situated directly in front of the sea, have sold 61% of the total available units in just 6 months and are announcing price increases ranging from 6,000 euros per unit to 10,000 euros for the single level apartments and 20,000 Euros increase in the Duplex Penthouse Apartment’s.

Why you ask, when all the reports are of Credit crunch and property falling in price across Spain would prices be on the increase ? John Goldacre of GoldAcre Estates, Vista Mar’s main selling agent commented, when you have a luxury product that is properly priced you will always find a market where people who understand great value for money are prepared to commit to buying regardless of market conditions, and traditionally the Canary Islands and in particular Fuerteventura has offered opportunities for excellent priced property which holds and grows in value, because with an island as opposed to mainland Spain you do not have hundreds of miles with similar properties.

The Canary Islands offers all year round sunshine and is approximately only 3.5 hours flying time from most of mainland Europe and Fuerteventura offers the best beaches in the whole of the Canary Islands with some 162 km of Golden Sands stretched the length of the island, massive inward investment has been made on the internal infrastructure of the Island with a huge expansion to Fuertevantura’s airport situated in Puerto del Rosario, which shows the confidence and long term prospects that Fuerteventura has to offer its property buyers .

Vista Mar price increases take effect on the 12th May but even with the price increase you will still be able to purchase a three bedroom 100m2 luxury apartment with a 42 m2 terrace with Garage and storeroom included for only 202,995 euros, you have a Marina that is two minutes walk from your apartment and a blue flag beach only 10 minutes walk, for further information on these luxurious properties simply visit www.goldacre-estates.com/eng/pages/new/vista-mar.html


Fuerteventura offers today’s property buyer some exceptional opportunities for further information on Vista Mar and other great properties visit www.goldacre-estates.com or e-mail info@goldacre-estates.com

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