Fractional ownership in Spain

[Andres Martinez]

Hi everyone! I am partner of a Spanish company pioneering a new fractional ownership model with luxury properties in Spain for vacation purposes (Ibiza, Marbella, Barcelona, Madrid, etc.) The company has taken advantage of lessons learnt from previous experiences and has now developed a model that ensures: 1) that the purchaser is the actual owner of the property through the setup of a specific company that owns the property (unlike the multiownership model, in which the purchaser was not the actual owner); 2) a reasonable and transparent property management, including scheduling, maintenance, monetization of unused periods, sale of the fraction (if requested) and so on. We see an increased interest in Spanish purchasers given their geographical familiarity. However, we are yet to see how this develops when it comes to foreign purchasers.

My question is if this sounds interesting for a US/Canada purchaser (or from anywhere else), how to increase our leads there and what would be the main questions that the model would raise. Also, if there is any forum/website/similar where there are US/Canada purchasers with interest in European luxury real estate and in particular in the Mediterranean would be much appreciated.

Thank you!

Andrés