Fractional ownership available for Villa Il Palagio Opens outside Florence
10 January 2010
A villa just outside the city of Florence in Tuscany offers a great place for those who want to invest in international real estate.
Villa il Palagio is a newly renovated 15th century villa situated in 55 acres of vineyards and olive groves just 30 minutes from the centre of Florence. The Villa and out buildings have been converted into 33 one, two and three bed apartments. Amenities include indoor and outdoor swimming pools, a Spa and wellness centre and a restaurant with a large dining terrace.
1/8th shares are available to purchase giving each owner 6 weeks usage each year and if you can’t use all 6 weeks, then a rental management company is in place to rent out the apartment for you.
Fractional ownership is a unique concept that enables you to own an exquisite property abroad, for a fraction of the outright price. Purchasing a property you won’t have time to visit regularly, is not necessarily the right step for everybody. For some, investing in a fraction of a property is a more practical alternative, which also makes great financial sense.