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VISIT THE WORLD THROUGH FRACTIONAL OWNERSHIP

As winter begins to wane and we start looking towards the end of the year - which suddenly seems virtually around the corner - thoughts turn towards the holiday season and holiday accommodation. With tighter budgets a reality for most, for a family the costs of enjoying a holiday can be very limiting and not very cost effective, says Jackie Bauermeister, national sales manager for Pam Golding Fractional Ownership.


"The cost of say a family of four renting holiday accommodation for two weeks, for example, can be in the region of approximately R28 000 or more, depending on the location. Naturally the venue, and area in which you vacation is extremely important in making for an enjoyable stay, and prime locations come with a premium price tag for the tourist," she says.


"Many holidaymakers may not have considered the fact that they could own their holiday home instead of renting it - and this does not necessarily mean purchasing an entire property outright. Instead, it makes sound financial sense to own a fraction in a leisure property - through fractional ownership - without any of the maintenance or other issues associated with second-home ownership.


Visit the World

"Another key benefit is that you don't have to spend your annual vacation in the same venue every year - destinations in the PGP portfolio of fractional ownership properties can be inter-exchanged. Coupled with this is the fact that fractional ownership properties have the ability to appreciate in value and render a short-term rental income for the balance of time when you are not using the property personally. Ultimately this means you can buy at the destination you believe will achieve the best capital appreciation in coming years while enjoying usage and leisure time at this and the other destinations within this portfolio of fractional ownership residences."


Bauermeister says importantly, these comprise exclusive resort destinations and luxury accommodation that cost-wise may be beyond the reach of many. "With all the destinations within Pam Golding Fractional Ownership being affiliated with Platinum Destinations, owners can exchange their weeks of ownership in order to enjoy their holiday at other destinations around South Africa and overseas. Platinum offers a vast selection of 900 accommodation units in 60 international locations in 17 countries. So in effect you can visit a different part of the world every year."


Some of the prime accommodation currently available in South Africa incorporates three prime tourism destinations - Cape Town, the Garden Route and the sub-tropical KwaZulu-Natal south coast. She adds: "For just R275 000 per share, a professionally decorated two bedroom unit with balcony is available in Horizon Bay in Blouberg - with its spectacular white sandy beaches almost on the doorstep. These units have sweeping views across the ocean to Table Mountain and Robben Island and offer immediate access to a whole host of activities and facilities ideal for families, as well as being within easy reach of Cape Town, the V&A Waterfront and the Cape's finest Winelands.


"For the same price you can acquire a share in a furnished, two bedroom villa situated on the lagoon at San Lameer, a successful, well-established golf and beach resort on the KZN south coast, just 20 minutes from the Wild Coast Casino and a scenic 75-minute drive from Durban. This estate has a world-class hotel and restaurant, its own renowned 18-hole golf course and easy access to numerous other highly rated golf courses. At the luxury Pinnacle Point Golf and Beach Resort just 20 minutes from George International Airport and with one of the top 10 new golf courses in the world, three bedroom, three bathroom fractional ownership units with scenic sea views are available priced at R385 000 per share, or fraction. Fitted with state of the art appliances and fully furnished, the units are in close proximity to the hotel, casino and walking trails," says Bauermeister.


Issued by Gaye de Villiers



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