donderdag 22 september 2011
woensdag 24 augustus 2011
dinsdag 19 juli 2011
maandag 11 juli 2011
Fractional Property ownership to share a property with family or friends.
Fractional Ownership: A Beginner’s Guide
Lot of people do not know that it is actually possible to have more owners on a title of deed.
To share a property.
‘Fractional Ownership’ describes shared ownership, which allocates usage rights based on time. Only one owner will be allowed to use the unit at a time. Co-owners may have ownership rights to all, some, or only one unit. Usage rights and cost obligations may or may not correspond to ownership rights.
Most definitions of the term ‘timeshare’ include arrangements by which people share use of a property, based on time, regardless of whether they own the property or whether a management company/ developer manages the property.
“Timeshare’ and “Fractional Ownership” differ greatly. It is not a question of devolving title. Many ‘timeshare’ properties involve direct, titled ownership and many ‘Fractionals’ don’t.
The main differences are:
The extent to which participants’ rights and responsibilities are limited to a particular unit or units.
Each owner’s degree of ownership/control. (Ownership evidenced by deed, doesn’t give a person any particular level of control over how the unit will be managed).
The document governing the shared unit, not the name of the ‘arrangement’ is decisive.
Ask yourself:
Is the agreement flexible?
Can it be changed and is each person protected from changes that will reduce the usefulness of the property?
Is the usage system fair and can someone ‘manipulate’ it?
Can each owner control which unit they will use on a particular visit?
Can they always return to the same unit? If not, what changes will there be in size and amenities?
Are costs and responsibilities limited to the unit(s) they will use, or do they extend to other units that others will use?
Will each person’s costs/responsibilities be proportional to usage rights?
Can they control management fees and management/maintenance?
Can owners rent out the property and control the rent?
Can an owner holiday elsewhere, and can they get the desired location and dates?
Do restrictions apply on disposal?
Is finance available?
Free up capital
Many people dream of owning a holiday home, but either can’t afford the type they want or couldn’t justify the small annual usage period. Fractional ownership provides a solution by reducing the costs/annual expenses, sharing maintenance problems and depreciation. By dividing costs/risks, owners surrender usage rights associated with full ownership; often an acceptable sacrifice and a huge cost saving.
‘Fractionals’ free up capital to invest elsewhere. They provide an alternative to a full sale in a depression. ‘Fractionals’ are cheaper on a new development, providing an extra choice and developers have an alternative in a recession. A cheaper option also increases the visibility of the site and sales of ‘whole ownership’.
Local legal restrictions may impact on fractional arrangements, even where friends purchase. National law determines the structure, how and where the interest will be marketed and who can buy. Regulatory approval means costs and delay and in some cases approval may be denied based on the location of the property.
Restrictions are imposed because, shares are sold as a promise that one owner can use the unit at a particular time. They may apply where rental income is pooled, management responsibilities are delegated or the purpose is primarily for investment.
Number of scheduled visits
The usage calendar depends on location, size, seasonality, number of scheduled visits and travel time. A complicated system will fail and increase costs. In most schemes, owners are assigned exclusive use for a specified period each year. The period can be fixed, variable or both.
Price depends on time bought, type of unit and use. Occupancy is calculated on a yearly calendar. Not all calendars work fairly!
The management tasks of fractional ownership properties are divided into time allocation, accounting, cleaning and repairs. Co owners or contractors can perform these. Operating expenses are usually divided in proportion to ownership. To avoid ‘financial’ disputes, collect contributions based on the future budgets, not ‘ad hoc’.
Lot of people do not know that it is actually possible to have more owners on a title of deed.
To share a property.
‘Fractional Ownership’ describes shared ownership, which allocates usage rights based on time. Only one owner will be allowed to use the unit at a time. Co-owners may have ownership rights to all, some, or only one unit. Usage rights and cost obligations may or may not correspond to ownership rights.
Most definitions of the term ‘timeshare’ include arrangements by which people share use of a property, based on time, regardless of whether they own the property or whether a management company/ developer manages the property.
“Timeshare’ and “Fractional Ownership” differ greatly. It is not a question of devolving title. Many ‘timeshare’ properties involve direct, titled ownership and many ‘Fractionals’ don’t.
The main differences are:
The extent to which participants’ rights and responsibilities are limited to a particular unit or units.
Each owner’s degree of ownership/control. (Ownership evidenced by deed, doesn’t give a person any particular level of control over how the unit will be managed).
The document governing the shared unit, not the name of the ‘arrangement’ is decisive.
Ask yourself:
Is the agreement flexible?
Can it be changed and is each person protected from changes that will reduce the usefulness of the property?
Is the usage system fair and can someone ‘manipulate’ it?
Can each owner control which unit they will use on a particular visit?
Can they always return to the same unit? If not, what changes will there be in size and amenities?
Are costs and responsibilities limited to the unit(s) they will use, or do they extend to other units that others will use?
Will each person’s costs/responsibilities be proportional to usage rights?
Can they control management fees and management/maintenance?
Can owners rent out the property and control the rent?
Can an owner holiday elsewhere, and can they get the desired location and dates?
Do restrictions apply on disposal?
Is finance available?
Free up capital
Many people dream of owning a holiday home, but either can’t afford the type they want or couldn’t justify the small annual usage period. Fractional ownership provides a solution by reducing the costs/annual expenses, sharing maintenance problems and depreciation. By dividing costs/risks, owners surrender usage rights associated with full ownership; often an acceptable sacrifice and a huge cost saving.
‘Fractionals’ free up capital to invest elsewhere. They provide an alternative to a full sale in a depression. ‘Fractionals’ are cheaper on a new development, providing an extra choice and developers have an alternative in a recession. A cheaper option also increases the visibility of the site and sales of ‘whole ownership’.
Local legal restrictions may impact on fractional arrangements, even where friends purchase. National law determines the structure, how and where the interest will be marketed and who can buy. Regulatory approval means costs and delay and in some cases approval may be denied based on the location of the property.
Restrictions are imposed because, shares are sold as a promise that one owner can use the unit at a particular time. They may apply where rental income is pooled, management responsibilities are delegated or the purpose is primarily for investment.
Number of scheduled visits
The usage calendar depends on location, size, seasonality, number of scheduled visits and travel time. A complicated system will fail and increase costs. In most schemes, owners are assigned exclusive use for a specified period each year. The period can be fixed, variable or both.
Price depends on time bought, type of unit and use. Occupancy is calculated on a yearly calendar. Not all calendars work fairly!
The management tasks of fractional ownership properties are divided into time allocation, accounting, cleaning and repairs. Co owners or contractors can perform these. Operating expenses are usually divided in proportion to ownership. To avoid ‘financial’ disputes, collect contributions based on the future budgets, not ‘ad hoc’.
zondag 10 juli 2011
NIEUWE WEBSITE HOUSE OF HOLLAND IBIZA - www.houseofholland2ibiza.com
Check out de nieuwe website van House of Holland Ibiza, met een Dutch Touch hij is net in de air.
Er komen de komende weken nog veel Rentals & Sales bij.
Ook is er een speciale pagina voor Hollandse levensmiddelen-
www.houseofholland2ibiza.com
The Team
Er komen de komende weken nog veel Rentals & Sales bij.
Ook is er een speciale pagina voor Hollandse levensmiddelen-
www.houseofholland2ibiza.com
The Team
woensdag 29 juni 2011
Doesn't this look comfortable?
Swing Time idea.
This large terrace is the perfect spot for a large daybed swing. Hung with rope and fastened to actual boat cleats, the swing is filled with plenty of pillows.
This large terrace is the perfect spot for a large daybed swing. Hung with rope and fastened to actual boat cleats, the swing is filled with plenty of pillows.
dinsdag 14 juni 2011
maandag 6 juni 2011
Rentals 2011 IBIZA
R 01 - Roca Llisa
Geschakelde villa, rustig gelegen aan golfcourse met zwembad en Hollandse TV
3 sl. voor 6 pers.
R 02 - Roca Llisa
Geschakelde villa, rustig gelegen aan golfcourse met zwembad. Satelite TV
2 sl. voor 4 pers.
R 03 - Talamanca
Waterfront huis, geen zwembad, uitzicht over bay Talamanca.
3 sl. voor 6 pers.
R 05 - Talamanca, Edif. Paraiso del Mar
Apt. 1e verdieping, 1st. line zee, Hollandse tv
1 sl. voor 2 pers.
R 07 - St. Augustin Las Sabinas, St. Augustin
- Mooie ruime Villa met kleine pool in dorp,
- Appartament met pool in dorp
R 08 - Marina Botafoch, Ibiza, Valor Real 3
Appartament met mooi uitzicht naar Talamanca strand. Comm. pool,
2 sl. sleeps 4 pers.
Geschakelde villa, rustig gelegen aan golfcourse met zwembad en Hollandse TV
3 sl. voor 6 pers.
R 02 - Roca Llisa
Geschakelde villa, rustig gelegen aan golfcourse met zwembad. Satelite TV
2 sl. voor 4 pers.
R 03 - Talamanca
Waterfront huis, geen zwembad, uitzicht over bay Talamanca.
3 sl. voor 6 pers.
R 05 - Talamanca, Edif. Paraiso del Mar
Apt. 1e verdieping, 1st. line zee, Hollandse tv
1 sl. voor 2 pers.
R 07 - St. Augustin Las Sabinas, St. Augustin
- Mooie ruime Villa met kleine pool in dorp,
- Appartament met pool in dorp
R 08 - Marina Botafoch, Ibiza, Valor Real 3
Appartament met mooi uitzicht naar Talamanca strand. Comm. pool,
2 sl. sleeps 4 pers.
vrijdag 3 juni 2011
Cap Martinet, Talamanca Renovatieproject - Superinvestering
Geweldig renovatie object aan de mooiste plek van Talamanca, Cap Martinet. Rustig gelegen.
Vanaf het terras op de 1e verdieping een prachtig uitzicht over zee en de oude stad. De villa is 35 jaar oud en van buiten strak en in geheel originele staat.
De villa heeft 5 slaapkamers en 3 badkamers, grote woonkamer en verschillende terrassen.
Grote keuken en bijkeuken.
Zwembad en garage.
Gebouwd 180 m2
Tuin 400m2 weinig onderhoud
Uitstekend verhuur object.
5 bedrooms and 3 bathrooms, salon with fireplace, large kitchen with utility room, pool and garage. Private plot of land 400m2.
Great Investment
low maintenance
built 180 m2
Garden 400 m2
Vanaf het terras op de 1e verdieping een prachtig uitzicht over zee en de oude stad. De villa is 35 jaar oud en van buiten strak en in geheel originele staat.
De villa heeft 5 slaapkamers en 3 badkamers, grote woonkamer en verschillende terrassen.
Grote keuken en bijkeuken.
Zwembad en garage.
Gebouwd 180 m2
Tuin 400m2 weinig onderhoud
Uitstekend verhuur object.
5 bedrooms and 3 bathrooms, salon with fireplace, large kitchen with utility room, pool and garage. Private plot of land 400m2.
Great Investment
low maintenance
built 180 m2
Garden 400 m2
dinsdag 31 mei 2011
R 18 - Jesus Talamanca, Finca, Dutch -TV
Leuke finca met 3 slaapkamers (all with tv.) Zwembad, prachtig uitzicht naar Talamanca strand.
Nice Finca with 3 bedrooms (all with tv) Pool, beautiful view to Talamanca beach.
houseofholland-ibiza@hotmail.com
R 02 Roca Llisa, geschakelde bungalow/undetached bungalow met zwembad/with swimmingpool
R 01 - Roca Llisa, geschakelde bungalow/undetached bungalow met zwembad/with swimmingpool en Dutch TV
donderdag 12 mei 2011
R 03 Waterfronthouse Talamanca - vanaf € 2100 per week
donderdag 28 april 2011
Fractional Property ownership
I have been reading a lot about Fractional Ownership recently and have been asked a lot about it over the last couple of years. “Fractional will save the industry” and “Fractional – the new way to buy” are typical of the sort of phrases that I hear and read about. Somehow this mystical ‘new’ product is being hailed as the new way of buying international property and which will help not only those agents and developers struggling to sell but also those buyers who can’t afford to buy a whole property.
What constantly amazes me about Fractional Ownership is the lack of knowledge about the product. For a start Fractional Ownership is not new. Those of us who have been dealing with international property for some time will have come across Fractional Ownership from time to time over the years (although admittedly not in the volumes that appear now). Back then we called it Co-ownership rather than Fractional Ownership but make no mistake, it is basically the same thing. All that has changed is what we call it.
Fractional Ownership is nothing magical – it is just a way in which something is owned by several different people. You have a Fraction of the Ownership – hence the name. At a basic level, if I get together with a couple of friends and buy a property then that is Fractional Ownership. At the other extreme you can own part of a property along with lots of other people, whom you have never met before, and that is Fractional Ownership as well. There are various different ways of structuring Fractional Ownership, ranging from simply having the property registered in the individual owners names, to more corporate structures.
The other thing that amazes me is the lack of understanding among some of those involved with Fractional Ownership as to what Timeshare is. People selling Fractional Ownership take great pains to disassociate themselves from Timeshare because it had a bad reputation.
In reality Timeshare can be a good product – the problem with it is the way that it is sold, the price and the increasing maintenance fees. I have long said that Timeshare is actually a type of Fractional Ownership, but Fractional Ownership is not necessarily Timeshare. One is a sub-set of the other, if you like. Timeshare has a strict definition in accordance to the various directives and laws. Some Fractional Ownership schemes that I have seen actually come within the definition of Timeshare (although people don’t like it when I point that out to them!), but not necessarily.
Ah, I hear them say, but Fractional Ownership means that you get legal title to your property whereas Timeshare is only a right to use! No, not necessarily, although ordinarily this is the case. I have dealt with Timeshares where the client had his right in the property registered at the land registry. I have also dealt with Fractional Ownership where from a strictly legal point of view you are just buying a right to use the property. Both of these examples are exactly the reverse of what is expected.
I mentioned Timeshare earlier. It is impossible to talk about Fractional Ownership without doing so. The reason why those people selling Fractional Ownership do so much to try and distance themselves from Timeshare is the bad reputation of that product.
What worries me is that the lack of knowledge about both Fractional Ownership and Timeshare could mean that people involved with Fractional Ownership might make some of the mistakes that Timeshare made over the years. I really hope that I am wrong.
dinsdag 12 april 2011
SALE Unique property 50 mtrs from beach Talamanca € 590.000
maandag 11 april 2011
zondag 10 april 2011
zaterdag 9 april 2011
Apartaments in Es Vivé, Ibiza
Only 1 or 2 apartments left in Es Vivé. As from € 115.000 for a 1 bed
€ 125.000 for a 2 bedroom.
€ 125.000 for a 2 bedroom.
vrijdag 8 april 2011
Small open concept kitchen remodelled
zondag 3 april 2011
House of Holland Ibiza, Property Support 24/7
Our Property Support Service is based on trust. We are a Dutch family run business
and speak native Dutch (Holland), Spanish, English and German,
Whatever type of property you own on ibiza, we are here to support you.
When you are on Ibiza or when you´re away we will take care of you.
Call us for anything that you need help with.
We have Dutch babysitters available for SUMMER 2011.
The support can be custom made fit for your family to make your life easier.
Our support service basic package includes:
Administrative services, Translations, typing, etc.
Property service:
An initial introductory visit to the property.
Maintenance and repair services, using in-house maintenance technicians or recommended suppliers for services such as decorating, plumbing and electrical work, general repairs, cleaning and laundry, gardening, pool maintenance, chauffeur services, babysitting etc.
Updates of your property by e-mail, on an ongoing basis, providing quotations, invoices, and statements of account, relating to maintenance or refurbishment work, cleaning and laundry, or other commissioned services.
Twice monthly inspection visits of the interior of your property during which we thoroughly air all rooms (subject to external weather conditions), check for pests and vermin and recommend action, test all appliances and electrical equipment to make sure all are in good working order, examine all furniture and furnishings for wear and tear, check all sanitary equipment and plumbing and make sure all your security services and equipment are fully functional.
Twice monthly visual inspections of the exterior, to check for any obvious defects.
The supply of dilapidations reports by e-mail, including photographs, if necessary.
Identification of maintenance issues and organisation of repairs.
24/7 available for any property or guest-related issues that may arise.
Emergency service between 8am - midnight whether property is empty, or occupied by ‘the Owner’ or their personal or rental guests.
Access to property ‘trouble-shooting’ facility to handle any on-site problems with local suppliers or utility companies.
Payment of emergency bills.
Provision of key-holding facility, management and distribution of keys,
House of Holland - Ibiza / houseofholland-ibiza@hotmail.com
Tel. (0034) 971 - 197950
M. (0034) - 693904238
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