Stepping Stones
"All the benefits of freehold home ownership..."
Stepping Stones is a new approach to buying a dream home in the beautiful portuguese sunshine.
The product has been specifically developed to allow four unconnected buyers, be they friends, collegues or family members, to combine their resources and collectively OWN a beautiful property, either individually of together. I fact you don't even need to know the other owners as all fractions are chosen on an individual basis.
Stepping Stones meets the needs of today's potential buyers - those who would love to buy their dream home but do not quite have enough capital, others who may have the funds but recognize that it makes more economic sense to own a property in this way that they only visit 8 weeks or so each year and those who are a little more cautious, preferring to test the idea of ownership abroad before further commitment.
"Choice of resort. Quality construction. Superb finishing. Solid Investment...
Buying property though Stepping Stones is possible at a number of our featured resorts. As with any other property purchase you'll be interested in the location and style of your new home. You'll need to be assured that the build quality is excellent. And if you're looking to share the cost of buying an apartment or villa you'll want the interior décor, furnishings and equipment to be attractive and durable. At an Oceânico development you can relax in the knowledge that each property has been built with these aspirations and standards in mind.
"...But at a quarter of the price"
By taking the Stepping Stones approach to owning a quarter of the equity you'll only be committed to paying the same proportion of annual costs. So owners can enjoy up to 3 months occupancy a year on the Stepping Stones rotational system and only pay 25% of the total annual management, maintenance and administration costs. Financially Stepping Stones makes great sense.
You can enjoy the future profits too
As a buyer you'll be attracted by Freehold Ownership, assets that can appreciate over time and especially assets that can provide fun and entertainment as well.
If recent history is anything to go by the Algarve is well positioned to provide attractive levels of capital appreciation as well as being a stunning resort location for all of your family and friends.
A property management service that's committed to excellence
No matter how good the build quality or furniture packages are the success of a resort ultimately depends on the enthusiasm and skills of the management team. At Oceânico we pride ourselves on having well trained and motivated staff that are sympathetic to the problems that people on holiday can encounter.
Building a community atmosphere
Stepping Stones at its best helps ensure that throughout the year the resort has a thriving community atmosphere. We all want the bars and restaurants to be lively, golf clubs and health spas to be enjoyed and a good "buzz" all round. Stepping Stones is a quality quarter ownership concept that will focus on building communities at each of its resorts.
Rental opportunities when you're not there
Assuming you share your property with 3 other owners you will each be entitled to 3 months occupancy in accordance with the Stepping Stones rotational scheme. So, if you only plan on using one month, you can rent out the balance either to your friends and family, your co-owners or through the Resort Management Service. Whichever way it will help defray your annual expenses. Again it makes sound financial sense.
Stepping up the property ladder
The concept of Stepping Stones recognizes that many buyers would like their investment in the overseas property market to be very controlled and considered. However there may come a time when you would like to move on to a larger shared property or even buy an apartment or villa outright. No problem. Oceânico have a solution.
Three Year Buy back guarantee
If you decide to upgrade to a more expensive property, after offering your property to your co-owners, the developer will guarantee to buy back your Stepping Stones investment at 5% per annum on your original investment, for up to 3 years. Then you can either buy in the same development or another attractive property from the developers portfolio in Portugal or the Azores.
Or if you want to sell
The Stepping Stones documentation clearly lays out a procedure for selling your property. You will have a valuable asset to sell on the open market and the resale system is logical and fair.
Peace of Mind
Either way Oceânico will manage the whole process for you, help you adhere to the rotational occupation system for your 3 months. And ensure the maintenance and upkeep of your property when you are not there.
Where & When is Stepping Stones available?
Stepping Stones is available at two of our luxury resorts, the 5 star Amendoeira Golf Resort, featuring 2 championship golf courses, one designed by Nick Faldo and one designed by Christy O'Connor Jnr. With a choice of two bedroom luxury apartments and penthouses and three bedroom villas available, Amendoeira offers every facility & amenity you could wish for, including a Sporting Club, Club House, indoor swimming pools, restaurants, creche, a business centre and many more.
Or, if you prefer the beach, Vila Baía is perfect for you, only 200 metres from the beach with a range of on-site facilities, including swimming pools, restaurant, childrens' facilities, multi-purpose sports pitch and a tennis court, you can chose from a one bedroom apartment up to a three bedroom apartment/penthouse.
For more information on fractional ownership at these resorts, please call Richard Baker on +44-1753-883399 or +44-7770-331331.
