Fractional Ownership News

Best Group announces fractional developments in Cyprus

Fractional consultant Best Group has announced the successful completion of the first phase of business development work for three fractional property developments in Cyprus. The projects were recently presented to banks and investors, who approved the financing of the development of a fractional ownership scheme.

Two of the schemes are in the Latsi area, and one is near Protaras. Developed by Zebra Group, the first project will feature detached four-bedroom villas with individual pools, with eco friendly materials and finishes.

“Early bird” investors will be given exclusive discounts and a secure exit strategy, making the programme unique in Cyprus, according to Best Group.

Best Group CEO Brad Lincoln said: “An increasing number of developers are finding our input a vital component in securing the financing for their projects. It is encouraging to find that banks in Spain, Ireland, Portugal and now Cyprus have now seen Best Group’s analysis as a key factor in their decision to support developers. We are delighted to be of support.”

Best Group is now preparing the launch of the fractional programme to the market, with interest already recorded for the “early bird” programme suggesting it will prove particularly popular.

www.thebestgrp.com

05/09/10

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