The latest big thing in the property market, according to Currencies Direct, would appear to be  “fractional ownership.” For those of you still out of the loop, fractional property ownership is the division of the title or deed of a property into portions or shares.

This is not the same as timeshare, where you buy time in a particular holiday resort and the use of that property for a specific number of weeks. The big difference with fractional ownership is that the buyer owns part of the property, which is then shown in the title deeds, rather than units of time in a timeshare deal. With fractional ownership you are free to sell or rent out the property whenever you like.

Fractional ownership has been a huge hit in America for nearly 20 years and now is catching on in other parts of the world . There can be any number of owners in a fractional ownership deal – the more owners, the lower the price of your share will be.

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