A
andyintheworld
New Member
fractional purchase option tells me they are struggling to sell it...Caracola Resort in Maragarita Island just annouced Fractional Purchasing Option.
Each fraction represents 25% ownership of a property at Caracola, you will hold 25% of the shares of the limited liability company that owns the property. There is one company per property.
The properties that have been set aside for fractional purchasers, these are located on floors 6 and 7.
They also decided to develop the first phase (central building) with the whole common areas first and leave the other two blocks until the end.
Alex
Given the load of bollox they spout about insurance and guarantees I would avoid this development like the plague.
Although the agents selling it (note - "selling" not advising...) will disagree