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The New Way to Buy Luxury Italian Property in Tuscany
Real estate news By Homesgofast.com
Saturday, October 6, 2007
Tuscany, the Italian land of vineyards and artists, has always been a popular place for foreign visitors. Many of those who come, drawn in by the beauty and way of life, want to settle here, either permanently or with a second home. While those who can afford it have jumped at opportunities to invest in property here, a new option has recently been making this historic land available to even more buyers. Fractional ownership is becoming the new way to buy into larger and stately homes as well as simple apartments.
Fractional ownership has been a popular choice in other industries, notably aircraft, but now it is seeing its own renaissance in Italy. This is not timeshare – it is true part ownership of the property. There are several fractional developments currently available in Tuscany, including Castello di Casole, a spectacular castle resort in the heart of this region. Each of the some 40 villas is set 20 – 50 acres away from its neighbours, and a tenth share costs from ?234,000 to ?380,000.
Alison Moore is a British restorer who has worked on a number of projects in Tuscany. She is quoted in The Telegraph as saying this is a good way for people to get into property here. “The British have always had a love affair with Tuscany," she says, "but it is becoming much more difficult to find properties that are affordable. So buying part of a property has become a good alternative."
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