Thursday, 17 January 2013

Is there an economical way to own a vacation home in Tuscany?

A great many visitors to our region are justifiably smitten by the beauty and culture of Tuscany and ask themselves is there an economical way to own a vacation home in Tuscany. One good answer to this question is fractional ownership. This is a form of economical shared ownership that bears a distant resemblance to the timeshare system but with real differences. Fractional ownership means that you own a true share of your physical holiday home, not just some time. This means that you can pass it on to your family, sell it etc. and as the value goes up over time so does the value of your share. It also provides flexibility in when you spend time at your place in Tuscany because one of the tasks of the property manager is to organise the calendar so that availability is transparent and flexible.

Accommodation in the mediaeval village of Borgo di Vagli, which I restored some years ago, is sold using exactly this fractional ownership principle.

How to own your own place in Tuscany
The restored mediaeval village of Borgo di Vagli, near Cortona, Tuscany
Borgo di Vagli was an abandoned ruin in the wilds of Tuscany near Pierle Castle when I started restoration in 2000. The aim was to restore the village to its original appearance using, as far as possible, the techniques of the original builders, while providing all the comforts that we require in modern life. I also paid huge attention to the authenticity of the furnishings and the interior decoration. The result is that we now have a happy community of owners who, for a reasonable expenditure, own their own place in Tuscany.

From time to time, I will be posting stories about Borgo di Vagli here along with posts about events and life in this part of Tuscany.

More about Borgo di Vagli fractional ownership village in Tuscany.

Fulvio Di Rosa

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