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Introduction to
the Geshaview village...

A 5 minute video that
will give you an overview of
the village in Bulgaria.

Geshaview video




Free CDs
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DVD's

Geshaview -
the rural project


Upgrade your property
with a Hot tub

CD's

1. Climate Change Strategy
2. Geshaview - the concept
3. Family holidays
4. Geshaview - the best
Bulgarian investment

climate change strategy kids quiz
hot tubs in bulgaria
Discover more
about the village:
Shops/Services
22 shops, 7 eateries...Shops at Geshaview, Bulgaria
...the Courtyard has everything.
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Living in Bulgaria
Wanting to
live in Bulgaria?
Relocating to Bulgaria
Relocating advice
and information.
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Holidays
Relaxation or
an active holiday...
Holidays in Bulgaria
...Geshaview is for
the young or old.
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Diary of Events
All-year-round
entertainment.
seminars in Bulgaria
Geshaview will host
a variety of events.
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Viewing Trips
Personalised viewing
trips to Bulgaria.
seminars in Bulgaria
We can organise your
trip for you.
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Fractional ownership of a property


House interior13 weeks occupancy rights for own use and holiday lettings...

...your use of property is spread throughout the year...
springtime in BulgariaSpring...


Summer in BulgariaSummer...


Autumn in BulgariaAutumn...


Autumn in BulgariaWinter...


The demand for holidays and accommodation to be of a higher quality and lifestyle is a growing trend. However, increased prices for such locations often place any opportunity for investment out of reach.
Nowadays families, friends, groups, clubs and organisations are joining together to invest in higher value holiday and lifestyle destinations.
Fractional Ownership, reserved for high value lifestyle property, holidays, products and services may be of interest to you and your members.

The facts behind Fractional Ownership of overseas property
Most people do not use their overseas holiday home for more than 13 weeks...
Click to continue reading... (click to close)
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.

Fractional ownership of an overseas property
Occupancy rights are shared by each owner, normally 13 weeks spread
throughout the year...
Click to continue reading... (click to close)
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

Benefits of Fractional Ownership of an overseas property
You own a share of your property...
Click to continue reading... (click to close)
• 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.

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...

Click to continue reading... (click to close)
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.


fractional owners rota

Example of Fractional Ownership
Fractional Ownership only really works for high value, luxury property that is, for
most of us, beyond our budget...
Click to continue reading... (click to close)
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.


FRACTIONAL OWNERSHIP, A SIMPLE EXAMPLE:
fractional example Market price of this luxury farmhouse with 4 bedrooms, study and garden. Fully furnished and professionally managed throughout the year: €360,000
You pay only €90,000 as a shared owner

Frequently Asked Questions about Fractional Ownership
Q How do I choose the right property location and style?
Click for answer (click to close)
A 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.

Q What does the purchase price of my ownership include?
Click for answer (click to close)
A 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.

Q Who will look after and manage my property?
Click for answer (click to close)
A 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.

Q What happens if I want to sell my share in the property?
Click for answer (click to close)
A 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.

Q What security do I have for my investment?
Click for answer (click to close)
A 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.

Q How do I best use my property occupancy?
Click for answer (click to close)
A 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.

Q Can I leave my personal/essential belongings at my property?
Click for answer (click to close)
A Yes. The property is designed with storage for personal belongings and items of monetary or sentimental value.

Q How are all the service, electric, water bills paid?
Click for answer (click to close)
A 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 you choose to NOT use your occupancy period during that time the property will have used only a minimal service during that period.

Q Who pays for electrical appliance replacement at the end of warranties or if damaged?
Click for answer (click to close)
A 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 miss use 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.


Call us on 00359 676 72001 if you would like to talk to us...
...or complete our request form for more details.

The photographs, illustrations and information used on this website give an indication of what is proposed for the 'Geshaview' village and should not be taken as the basis for any contract. We operate a policy of continuous product development during construction. Due to this we always have a number of amendments to the design of our developments, properties and facilities. We therefore recommend that you ask for details of the alterations and improvements we have incorporated. Thank you.

Copyright 2005, Homes in Bulgaria OOD, 1309 Sofia 127 Slivnitsa blvd. West Park Trade Centre, floor 3, office 22
www.geshaview.eu | Email: mirra@geshaview.eu

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Newsletter please click
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December 2011 - January 2012 newslettterDecember 2011 - January 2012 newslettter pdf
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For more information on
viewing trips and Bulgarian
property investments, holidays, houses, retirement, relocation and business, visit our main web site: www.propertybulgaria.com

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mirra@geshaview.eu

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