For those who are thinking about investing in a Freehold Villa in the Algarve, but not wanting the expensive initial outlay, the high ongoing costs and the headaches often associated with holiday villas, Fairshare may be the answer you have been looking for.
We have found that most Freehold buyers only use their villa for 6 - 12 weeks per year, but have the aggravation of the cost of 52 weeks ownership. They also feel tied to holidaying in their villa because of the high annual expense, but would like to travel to other holiday areas. Through Fairshare, you can still enjoy the advantages of freehold, whilst eliminating the high cost and management duties, and still enjoy travelling the world. Just a small yearly management charge keeps your villa in five star condition, and the Club management do all the work.
The 6 week Fairshare gives you the choice of one of the fixed school holiday fortnights guaranteed every year, i.e. Easter, Whitsun, the four Summer Holiday fortnights, October Bank Holiday and Christmas/New Year. In addition to this you also have 4 weeks of time, which you can use at any time of the year, except the above holiday periods.
Requests for this additional time are made in July, prior to the year being requested. These are made by giving four different holiday preferences times. In the case of two members making the same request, a lottery system will allocate holidays on a fair basis. In our experience this is an infrequent occurrence as different people holiday at different times in the Algarve according to their own lifestyle.
You and your family may use all 6 weeks yourselves, alternatively you may let a week or two or even exchange weeks through the exchange network, to give you the opportunity to holiday at over 2000 Resorts all over the world, including Five Star Resorts. Most members will probably use a combination of all three.
Resale prices of Fairshares are according to the type of villa chosen and the fixed holiday time chosen at purchase.
This concept offers you all the benefits of a Freehold Villa and Quinta do Lago, for a much smaller investment and eliminating all the headaches associated with owning a holiday home abroad.
All Fairshares include a two-week fixed holiday period and an additional four weeks available on a floating basis.
Fixed Period | C | D | F | H |
---|---|---|---|---|
Easter 2 weeks in Easter and 4 floating |
50,000 | 50,000 | 50,000 | 50,000 |
Whitsun weeks 21-22 and 4 floating |
60,000 | 60,000 | 60,000 | 60,000 |
Summer Holiday weeks 27-28 fixed and 4 floating |
80,000 | 80,000 | 80,000 | 80,000 |
Summer Holiday weeks 29-30 fixed and 4 floating |
85,000 | 85,000 | 85,000 | 85,000 |
Summer Holiday weeks 31-32 fixed and 4 floating |
85,000 | 85,000 | 85,000 | 85,000 |
Summer Holiday weeks 33-34 fixed and 4 floating |
75,000 | 75,000 | 75,000 | 75,000 |
October Bank Holiday weeks 42-43 fixed and 4 floating |
50,000 | 50,000 | 50,000 | 50,000 |
Christmas & New Year weeks and 4 floating |
40,000 | 40,000 | 40,000 | 40,000 |