I spoke to one of the Directors of The Baobab Development Group and he says the concept has really taken off well. The properties are going for as low as 2.5M .
A bit of definition,the phrase âfractional ownershipâ is typically used to describe shared ownership of a vacation or resort property by people in an arrangement which allocates usage rights based on time. In other words, only one owner will be allowed to use a particular home or apartment at a particular time. Fractional ownership arrangements can be applied to a single home or apartment (typically referred to as a âone-off fractionalâ) or to a multi-unit building or resort development. Read all about Fractional Ownership
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