Spain remains our favourite destination. Why?
We feel comfortable in Spain. We understand and love the passionate family centred culture. We feel safe and able to walk where we choose. The health service in many cases is superior to our own. The white washed winding village streets, wonderful food, the climate and coastline - particularly that of unspoiled Moraira is simply to die for - like Greek islands, but with trees, mountains and frequent inexpensive flights.
So, what went wrong?
Governments and bankers colluded to mess up our lives and knock us off-course. The result . . . even though prices in Spain have fallen, you have less money and to make matters worse your £ is also worth less. Yet, you don't want to put your life on hold. You still have a family and why shouldn't you still want your holiday home! It is this dynamic that compelled us to create Four Owners Club. The smart, new and inexpensive way to own a holiday home.
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Do you really need a holiday home for more than 13 weeks each year?
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As a fractional alternative, and for only £150k, you could own Villa Vanguardia in picturesque Moraira, a stunning freehold 3 bedroom villa worth £600k for 13 weeks every year, rather than a conventional 52 week freehold in a small apartment for the same price? The same villa but with 4 bedrooms and 3 bathrooms costs £160k for 13 weeks (£640k).
We know you're a busy person and your time is short. The last thing you want greeting you upon arrival is villa hassle. Your villa will be serviced to 5 star hotel standards. We promise to take care of everything. Just turn up, unpack and begin your holiday.
Could FourOwnersClub be for you? If so, please scroll down and register your interest in the form below. The 13 week period rotates over 4 years. |
Villa Vanguardia, Moraira Dreams, Moraira |
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The nature of holiday homes ensures that most conventionally purchased 52 week holiday home properties remain dark and empty for much of the year. Whereas Four Owners Club properties, with four separate owners and their personal communities, are certain to be vibrant, alive and contributing towards the well-being of the local community for much of the year.
10 March 09 - Peter Mustafa, founder of FourOwnerClub: "So many properties around the world are hopelessly under occupied often with serious consequences to the local economy. During good times, builders may get rich building such properties, but little flows back to the families of the local communities living there. More land than is necessary becomes developed driving up land prices beyond the reach of young families. It gets worse: with the local population being forced to settle further out, town centres suffer during the low season making it less likely you would want to visit at that time. All this just to own a property that may lie empty for much of the year. Given that Four Owners Club charges no premium when buying fewer weeks, along with the huge saving to be had, isn't it better to buy just what you need? If you want more than 13 weeks, you can simply buy more segments - and with no penalty! The Four Owners Club method of property ownership is recognised as the environmentally friendly alternative way of owning a second property. Your carbon footprint will be hugely reduced and our planet will breathe a sigh of relief."
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A 2nd option, shortly ready for use this summer
Puerto del Grao 14, El Portet, Moraira
A stunning and large 3 bedroom villa with an infinity pool Just 400 meters walk from one of the most picturesque coves in all Spain. El Portet is without doubt one of the most desirable addresses in Spain.
Fully specified, furnished and serviced to 5 star hotel standards, as with all FourOwnersClub villas, the outright purchase price is £720k. A Four Owners Club 13 week segment is just £180k. Enjoy 13 weeks every year in perpetuity for your family to use, pass down or sell.
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The UK lags behind other countries in this form of ownership, but as with the dramatic increase in provision of 5 star hotel bedrooms around the world, so have also risen the standards being demanded in the quality of furnishings and maintenance of villas. Hence, along with such higher costs and increased Sterling prices due to the fall against the Euro, we are finding demand increasing for co-ownership. Because the properties will be much more highly specified, maintained and serviced than with conventional purchase, and with a far lower entry price, it's quite likely that prices in this sector will rise faster than with conventional purchase.
Price list for each 13 week segment |
Villa # |
Villa style |
# Bed's |
# weeks |
When ready |
Duration |
Price |
1 |
Vanguardia, Mor |
3 |
13 |
April 2010 |
In perpetuity |
£150,000 |
2 |
Vanguardia. Mor |
4 |
13 |
April 2010 |
In perpetuity |
£160,000 |
3 |
Puerto del Grao 14, mor |
3 |
13 |
May 09 |
In perpetuity |
£180,000 |
Payments schedule. Your contract will be sent to you upon receipt of your reservation deposit |
Reservation deposit |
5% |
Refundable prior to contract sign if solicitor rules purchase is unsound |
At contract sign |
55% |
4 to 6 weeks after deposit |
When keys are ready |
40% |
At completion of your property |
If you rented such a luxurious villa, your 13 weeks would cost in the region of £17k/year. Perhaps more. This means that after roughly 8 years, the villa would have paid for itself.
Unlike a convention 52 week purchase, FourOwnersClub properties benefit from being:
- Fully furnished inside and out including multi-media facilities such as flat screens in all rooms, music and wi-fi broadband
- Have superior year-round maintenance inside and out
- Full insurance for both buildings and contents, including furniture damage
- Sinking fund for furniture replacement and re-decoration
- All repair bills and insurance claims handled automatically by FourOwnersClub
- On-line user reporting and accounts with FourOwnersClub website
- Use as you choose. As with conventional purchase, you can give your villa to friends and family to use as well as rent out your unused weeks
- FourOwnersClub takes care of everything. Just turn up, unpack and enjoy. No headaches. No bills. Nothing to repair and no hassle. Everything works as it should. Like a hotel, only better
- Your share of the annual service cost is only 25%
- FourOwnersClub helps you through the contract and conveyance process the total cost being no more than with a conventional sale
- Swapable as Four Owners Club expands to properties in other parts of the world, you'll have the option to swap weeks with other owners. This is the holy grail of property ownership.
The big benefit to you directly, is that you share the service and maintenance costs with 3 other owners. But what happens if one or more of the four owners fails to pay the service charge? “If they’re not paying, why should I pay?” This is how many developments with service/community charges can fall into disrepair.
Our solution:
FourOwnersClub manages your property in it’s entirety for which a service charge will be levied.The service charge to the Four Owners Club will be guaranteed and underwritten by a bank guarantee and secured against individual 13 week freeholds. Any unpaid service charges will be bank financed after 6 weeks and will incur a penalty charge as well as interest charges. The bank can force a sale of the 13 week freehold should the debt to the bank exceed 5 years worth of payments.
As with a conventional villa, a 13 week quarter share of a villa is:
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Additional points :
- 13 week rotating matrix: to ensure everyone gets a turn at the peak weeks, we will choose a logical distribution of weeks for each owner totalling 13 weeks which will be rotated each year repeating every 4 years
- Swap weeks directly with the other 3 owners
- You can buy between 1 and 4 lots of 13 weeks segments. You only pay 25% of the outright purchase price for each segment you buy. No premium is charged
- If you wish to sell your property, first refusal must go to the other three owners
- Cleaning and linen: you or your guests can either pay locally upon arrival or prepay via your account in the FourOwnersClub website. You or your guest can still purchase additional local services such as daily maid service or chef.
- Rent your property to high value lets. Because your property is highly specified and serviced, it’s likely that it will attract high value rents. We could help source your rental clients the proceeds of which would be credited to your account potentially covering your service and maintenance charges.
- Each owner has a large secure, damp proof lockable cupboard for personal effects.
- How is the purchase price calculated? We take the purchase price of the villa. We then add 60,000 euros to cover extra specification such as: increase to a larger 10 x 5m pool; year-round pool heating; air conditioning; four secure damp-proof lockable cupboards for your private possessions to store when you are away; full furnishings to a high standard. We do not add a Four Owners Club charge or premium. You just pay one quarter of the total normal price.
Ideas we are considering:
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It is likely that you will want a car during your holidays. We can negotiate a good deal with a car hire/leasing company for a year-round deal to include a car in with the service package. Naturally. the car will be available from the airport.
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Make the service agreements proactive so members can comment and adjust them from year to year.
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If it just happens that you do not use your villa very much in a given year and choose not to rent it out, you may not like the idea of paying utilities for a quarter of the year. The big expense will always be electricity. To avoid contention, i think that rather than each owner paying a quarter of annual electricity use, which admittedly would be far easier to administer, each owner could pay for the electricity they actually use. This should be easy to set up as the meter we install could be of the type that automatically and periodically notifies the FourOwnersClub website via sms text. The actual electricity used is then charged to your individual users account.
Feedback & Registering your interest
We are tailoring Four Owners Club to your needs and your opinions matter very much to us.
I would greatly appreciate your opinion as to the service you would like to see, or if you simply would just like to register for one of these properties, please fill in some of the boxes below indicating the type of property that interests you most.
Thank you.
Peter Mustafa
Founder of FourOwnersClub
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