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Following a villa vacation, very often one dreams of owning a place in Italy. However owning a property abroad when you are not there can be a nightmare.The private residence club concept, becoming increasingly popular in Italy, can be a viable solution. A private residence club combines spacious accommodations, whether it be homes or apartments, with five star luxury service and fractional ownership. Each residence is sold to multiple owners who retain a “fraction” of the unit. This is desirable to prospective owners because they typically would spend only 1-2 months annually in the vacation destination anyway.
The primary benefit of a private residence club is the ease of ownership. Most challenges and hassles typically associated with second home ownership are eliminated including maintenance, cleaning, repair, administration, foreign tax, insurance, furnishings etc. In addition, the owner has access to amenities one would never find when just purchasing an independent property. In Italy, these amenities include 5 star luxury services: housekeeping, a 24/7 concierge, private storage to keep your belonging between visits, private access to cultural facilities, and trips to private wine cellars to name a few. Click here to learn more about our featured property, Castello di Casole in Tuscany. To receive more information about how you can attain your dream of living “la dolce vita” at a private residence club, click here. |
