Fractional Ownership is a new way of investing in luxury, high value property abroad.

13 weeks occupancy rights for own use and holiday lettings.

Luxury property always increase ahead of the market.

Property is managed so you are able to sell at any point.

Your use of the property is spread throughout the year...

...Winter...

...spring...

..summer...

...autumn.

25% fractional ownership giving
you 3 months of the year
occupancy = £25,000

100% ownership - all year round occupancy and responsibility = £100,000

A resident Gatekeepr will take care of the property.

Transfer to and from the airport can be arranged.

All papaerwork is taken care of.

Fun in the Bulgarian winter snow....

...alfresco eating in the summer sunshine.

Bulgaria is steeped in history for you to explore. Click on picture for larger image.

Tsaravets Castle in the ancient capital of Veliki Tarnovo.

Dryanovo Monastery near Veliko Tarnovo.

Stunning mountain scenery is just a short distance away.

The facts behind Fractional Ownership of overseas property

Most people do not use their overseas holiday home for more than
13 weeks... Read more

Fractional ownership of an overseas property

Occupancy rights are shared by each owner, normally 13 weeks spread
throughout the year... Read more

Benefits of Fractional Ownership of an overseas property

You own a share of your property... Read more

How and when can I use my ‘shared Fractional Ownership’
holiday home?

A shared rotation scheme allows all 4 owners to have exclusive use of the
property, experiencing every month of the year over a 4 year period...
Read more

Example of Fractional Ownership

Fractional Ownership only really works for high value, luxury property
that is, for most of us, beyond our budget... Read more

Frequently Asked Questions about Fractional Ownership

Read more

Why Malkoto-selo properties in Bulgaria?

Malkoto-Selo cottages and farmhouses are located in Bulgaria to take full
advantage of all year round holiday living... Read more

For information please complete the form at the bottom of this page

The facts behind Fractional Ownership of overseas property

Most people do not use their overseas holiday home for more than
13 weeks each year, yet have to pay maintenance and charges for the full
52 weeks of the year.

Already very popular in the American holiday property market,
'Fractional Ownership' is offering an exciting new possibility to buy a
luxury, superior property, furnished to a high standard, in a prime
location abroad. In addition to this your property in Bulgaria is
managed so that when you arrive at your property it is clean, the beds
are made, fresh towels, fridge full, grass cut and the pool is ready for use.

As property values continue to rise across the world the possibility of
buying a fraction of an overseas holiday property (normally a quarter
share) is becoming an increasingly popular option for the overseas
property buyer.

UK Buyers follow global trend of affordable,
second home ownership

Indications from clients and enquirers confirm that this method
of shared ownership will see as many as 20% of second home
owners preferring to purchase, and have a deeded ownership
shared investment in a luxury property that would otherwise be
way beyond their budget.

Fractional Ownership is not the same as timeshare

What is the major difference?

Timeshare - paying large sums of money to have a share of a period of
time, normally one or two weeks per year in an overseas holiday
property - has got its industry ‘dark cloud’ hanging over it. In practice,
so many bad experiences have tarnished this way of holiday home use.

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For information please complete the form at the bottom of this page

Fractional ownership of an overseas property

You are the sole owner of your fractional share of the property.

Occupancy rights are shared by each owner, normally 13 weeks spread
throughout the year, in one month periods (see below for full details).

Each owner (normally 4) in addition to ownership has the right to gain
from the increased market value of the property over the years and is
able to sell their share at market value at anytime. If another owner
defaults on any payments the bank does not have any access
to your share.

Now that makes sense, economically and personally. Bearing in mind
most of us are not able to take 13 weeks* (3 months) holiday a year,
fractional ownership is a very practical way of owning your overseas
holiday home, giving you the choice of the best of everything at a
fraction of the cost.

* The average time spent in a second home is around 17 days

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Benefits of Fractional ownership of an overseas property

• You own a share of your property.

• You benefit from a share of the increased value of the property.

• You are able to buy a larger property in a better location.

• Property is managed. No worries about upkeep and cleanliness.

• You can change occupancy times to suit your own lifestyle.

• All maintenance costs and service charges are shared between owners.

• You have 13 weeks per year for your personal use.

'Enabling you to buy a fantastic holiday home abroad that would normally
be beyond your budget’ * see example below

‘If you recognise that owning a property outright but only being able to
use it for 10 weeks of the year does not make economic sense.’

If you would like to test foreign holiday home ownership before making
a larger investment.’

‘For those who see fractional ownership as a great way to grow their
property portfolio with a reduced financial exposure.’

No economic pressure to need to let the property out during the year,
keeping your property in tip top condition free from expensive ‘wear and
tear’ repair and maintenance costs.’

Giving you the lifestyle holiday you want in your own home without the
chore of having to spend your well earned holiday maintaining, cleaning
and worrying.’

Financially it makes good sense.

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For information please complete the form at the bottom of this page

How and when can I use my ‘shared ownership’ holiday home?

A shared rotation scheme allows all 4 owners to have exclusive use of the
property, experiencing every month of the year over a 4 year period.
Each year the 3 monthly periods rotate so that you have an equal and
evenly distributed share of occupancy every year. Of course, each of the
owners are in contact with each other and there is the option to
exchange periods between themselves.

Fractional ownership title allows a limited number of shareholders to
privately own a high class, luxury furnished residence using it freely
for set periods throughout each year at a cost lower than the
outright purchase.

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Example of fractional ownership of an overseas property

Important Note:

Fractional ownership only really works for high value, luxury property
that is, for most of us, beyond our budget.

Fractional ownership also only really works best if the property is located
where it can be used all year round and where it does NOT have a short
‘peak season’ of usage, like a seaside or a ski slope location where there
is really only a few months of the year that the property is useable.

Most people who invest on their own in a high value property have to let
out the property to try to get a holiday rental income to assist in the
payment of the property loan/mortgage needed to purchase the property
in the first place. Holiday letting has its own set of headaches:
management, marketing, damage costs - to name but a few - have to
be funded.

Fractional ownership does NOT have the need for rental income.
The property is used exclusively by the 4 owners throughout the year
and in this way the property remains in a tip top condition as it is
highly respected by all 4 owners.

As the purchase levels for a ‘fractional’ are so much lower than that of a
normal individual purchase the need for rental income is eliminated.
However if you, as an owner, wish to let out your property during your
periods of occupancy, this is absolutely fine, you will receive a small,
although not essential income, and the property is in use during your
occupancy periods.

Market price of this luxury farmhouse with
4 bedrooms, study, large garden and pool.
Fully furnished and professionally managed
throughout the year: £140,000

You pay only £35,000 as a shared owner

Fractional ownership of a Malkoto-selo property

One off purchase price:

£35,000

Fractional ownership gives you the added value by being able to use all the facilities of the village.

Car share, swimming pool, restaurant, health suite, shop, children’s club etc

All costs are shared and spread over the coming years.

Annual property management
upkeep fee:

£1,200

Pool running costs:

£0.00

No rental income required:

£0.00

Total investment for 1st year:

£36,200

Outright purchase of a Malkoto-selo property

One off purchase price:

£140,000

Use of all the facilities of the village.

No car share.

Property empty for majority of time.

Full responsibility for repairs and maintenance. Cost of replacement furniture and fittings are down to you.

Annual costs:

£3,000

Private. personal pool running
costs:

£1,000

Marketing:

£3,500

Total investment for 1st year:

£146,500

...and if you bought a similar priced property elsewhere in Bulgaria

One off purchase price:

£140,000

No use of any facilities other than those of the property!

Annual costs for maintanance, insurance, repairs, furniture replacement, rental damage costs:

£4,800

Pool running costs:

£2,500

Rental programme
marketing costs:

£3,000+

Total investment for 1st year:

£150,000

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For information please complete the form at the bottom of this page

Frequently Asked Questions

How do I choose the right property location and style?

The property should be of high quality, three or more bedrooms and with
the design that works in the winter and in summer.

Located so that it has the potential for a 4 season use throughout the year.
Near to amenities and attractions so that you can enjoy a wide range of
activities at any time during the year. Rural locations are the best as the
property is not dependent on short beach or ski seasons.

What does the purchase price of my ownership include?

Normally the purchase price includes buying a share in the property
(25%) and gives you the rights and ownership of the deeds. The price
also includes the rights of periods, normally 1 month per season,
throughout the year for a annual period of 3 months. If you decide to
sell your interest in the property (your share) the property does not have
to be sold in the normal way. You sell only your share and make your
profit from the increased value.

Who will look after and manage my property?

The professional management company who manage the property or
small resort will manage all aspects of your property. Security,
maintenance, cleaning, upkeep, management of occupancy, legal and
all service payments.

You pay an annual fee to cover this management. Of course it is a shared
cost between the 4 owners so is 75% less than you would normally have
to pay.

You will also pay an annual payment into a fund that will eventually
replace all the furniture and appliances in the property at the end
of a 4/5 year period.

What happens if I want to sell my share in the property?

Selling your share of the property is a simple exercise. Normally you are
able to sell to your immediate family, secondly, if this is not a choice, the
other shareholders of the property will have first refusal to buy your
share value.
If this is not the case then the share will be offered on the open market.
The management company will manage this sale and will offer your
shares to the pool of buyers awaiting the opportunity to own a share.
You will receive your original investment plus the increase in the
selling price.
Any fees or annual management fees will be calculated and
apportioned at the point of the sale of your shares to the new buyer.

What security do I have for my investment?

The security in any property investment is dependent on the marketplace
and the immediate value of property in the location. Property that gains
value in the market is normally the higher value, higher quality and
better located.
Fractional Ownership property fits this model. This, together with your
legal security of owning a share of the property, makes Fractional
Ownership very secure. At the end of a 4/5 year period the property is completely refitted and placed back onto the market for re-sale of each
of the shares. Unless of course, the shareholders wish to continue with
their share ownership, in this case the property remains with the same
owners and the contract of occupancy continues its cycle.

How do I best use my property occupancy?

Normally you can use you property as much as you like within the months that are yours during each season of the year. If you are not able to take enough time off then your property is available for anyone you know to use. Gaining a rental income during this time is, of course, a bonus.
You are also able to 'swap' occupancy times with other shareholders,
giving you a great deal of flexibility during the year to get best use of your property to suit you personal needs.

Can I leave my personal/essential belongings at my property?

Yes. The property is designed with storage for personal belongings and
items of monetary or sentimental value.

How are all the service, electric, water bills paid?

All legal and service bills are covered by an annual fee that each shareholder pays to the management company. Each individual
occupancy usage is calculated at the end of the period and logged.
For example there will be a greater usage of electric during the
winter months, however if youchoose to NOT use your occupancy
period during that time the property will have used only a
minimal service during that period.

Who pays for electrical appliance replacement at the end of
warranties or if damaged?

After a period of 4 or 5 years (dependent on the contract between
shareholders and the management company), all appliances will be
replaced for new. It is at this point that the property is (in theory) placed back on the market for resale 'as new', unless of course the
shareholders choose to keep their property share.

Any damaged items or missuse of the property will be reported at the
end of each occupancy period and the shareholder or person responsible
will be liable for the full cost of damage repair/replacement.

For more information on Fractional Ownership please contact us
on 01202 201300

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For information please complete the form at the bottom of this page

Why Malkoto-selo properties in Bulgaria?

365 days a year

Malkoto-selo cottages and farmhouses are located in Bulgaria to take full
advantage of all year round holiday living. Luxury cottages and
farmhouses in a idyllic hamlet settings with all the immediate amenities
on your doorstep. Read more.

Location, Location, location

Over 30 strategically chosen locations, Rural mountain, Lowland lake,
Coastal, and Ski options throughout the year, all within 2 hours of local
airport. Booking your independent flights, be collected on arrival at the
airport and driven to your cottage. Then to have the hire car waiting for
you in your driveway. Read more

Top quality finishing & furnishing

Each cottage and farmhouse is equipped to the highest level and fully
furnished. Built by an Award winning design and building company -
Homes in Bulgaria - a family owned business with many years experience
in Bulgaria, and one of the early pioneers, who manage and operate all
the Malkoto -Selo locations. Read more

Eco-friendly/Access friendly

The build specification is 'eco friendly'. Using traditional Bulgarian build techniques and styling, our principles are to adopt a healthy interest and not an unhealthy obsession. Materials produced locally, respect to the immediate landscape and nature, use of local craftsmen, implementing traditional build techniques.

All cottages are designed to be 'access friendly'. Built with consideration not only for wheelchair level access but also for the 'young and old' who both require just a little help! Level access across the pathways to the patios and garden areas, open plan living and dining with large bathrooms and kitchens make the Malkoto -selo cottages a unique combination.
Placement of specific disability needs can be fitted to any style of property.
Read more

Extra care

As a family business managing your property and interests every step of
the way is important to us. We aim to give you personal attention, open
communication, clarity of accounting and with a real long term interest
in your investment returns and enjoyment we believe you will
experience our 'extra care'.

Beautiful country

Bulgaria, a country that has a diverse landscape, natural beauty, culture
and people to rival any of the established western rural tourist
destinations.

Increasing property value, growing tourist demand and an affordable
lifestyle difficult to match, together with property prices between 5 and
10 times lower than those found in Italy, France or Spain.

Blessed with mountain ranges that cater for a ski season, a small but
picturesque coastline for the summer sun worshipers and a rural
wilderness of beauty and extraordinary landscapes, equalled only by
the food, culture and people.

Bulgaria's entry into the EU on January 1st 2007 has placed the
country into a legal, economic and political position that will, over the
coming years, see Bulgaria as a real contender in the overseas property
holiday and relocation marketplace.

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1309 Sofia
127 Slivnitsa blvd.
West Park Trade Centre,
floor 3, office 22

Telephone: 01202 201300