Yes, you are indeed the owner of the property, meaning that you acquire a share in the company registered in the land registry as the owner of the property. By purchasing, you become a fractional owner, and therefore, you are a proportionate owner of the property.

Through the smart booking system of Residency, you can reserve your stays anytime from 2 days to 2 years in advance.

One house can have a maximum of 8 owners to ensure each family enjoys at least six weeks per year in their property. However, one person can choose to purchase up to 4 co-ownership shares (owning 50% of the house)

Rezidente co-ownership differs from Timeshare in the following significant ways: With Residency, you own a portion of the house (not just the right to use it). In fact, you have a share in the property. In contrast, with TIMESHARE, you only own the right to use the property, usually for a specified period each year. If you want to sell Timeshare, you have to try to sell it back to the operator who sold it to you, often resulting in a loss compared to your purchase price. Properties with time-limited usage are typically hotel rooms or apartment units in resorts, whereas Residency properties are standalone vacation homes in prime locations selected by our experts.