Vacation homes in fractional ownership, trend after pandemic
Business Insider | August 12, 2021 |

Before confinement, many people who had a rest home chose to temporarily move out of town. Thus, they changed the buildings for more natural views, which gave them a new look in the midst of the pandemic.

The home office trend and online education drove the demand for vacation homes in the pandemic; however, its prices were not accessible to a large part of the population that wanted to leave the cities for the tourist centers.

The Ancana firm realized and created a model that allows you to buy a rest house by fraction, which makes the purchase process more accessible.

Ancana realized that many people do not have access to a rest or vacation home that would give them an escape from the city to spend time with their family or simply to work from a more pleasant place.

His idea was to give more families the opportunity to access a rest or vacation home in a co-ownership format. This implies that each participant will choose how and when to use it, without restrictions such as timeshares.

Check here: The outlook in the housing sector clears

Even after the prayer that vacation or rest homes reached in 2020 compared to 2019, the segment is expected to recover, especially in destinations such as Cancun, Vallarta, Mazatlán and Los Cabos.

Consumers are more cautious about these large investments, which opens space for Ancana's business model.

Some buyers express the advantages of this fractional rest home buying model, allowing them to invest while enjoying their rest home. From the beginning, the house will generate capital gains and will allow the investment to be recovered when it is time to sell.

The expenses of the house are divided, which affects its success where different owners divide the maintenance expenses, taxes and payment of services, something that lowers the cost in the long term.

Of interest: Opportunities to acquire a home

And it is that according to Ancana, vacationers use rest houses on average 60 days a year, without the maintenance costs and payment of services being reduced by the period they spend uninhabited.

Unlike timeshares, which only allow a user contract to be exercised for certain dates and under certain clauses, co-ownership offers customers the possibility of choosing the number of fractions considering how many weeks they would like to use their home per year.

Property fractions range from 2 to 12 fractions, depending on the location and type of property.

One of the challenges faced by the model was customer insecurity regarding the acquisition of a fractional home. To coordinate the use of jointly-owned properties, Ancana's team makes calendars for the allocation of weeks for each joint-owner family, considering that the average use of each house is a maximum of 60 days a year.

In Solili you can locate apartments for sale in Mexico City, Monterrey and Guadalajara

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