Best Group is pleased to announce successful completion of the first phase of business development work for three fractional property developments in Cyprus.

The fractional projects were recently presented to banks and investors, who approved the financing of the development of a fractional ownership scheme.

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Through the development of a fractional ownership programme, Best Group is establishing an affordable way to own a home in Cyprus. “Early bird” investors will be given exclusive discounts and a secure exit strategy, making the programme unique in Cyprus.

Fractional Ownership has often been presented as viable business model at a time of slower real estate sales, and is poised to become popular in established tourist markets such as Cyprus. The decision of banks to provide full finance for fractional developments on the island is a signal of confidence in the market.

Best Group CEO, Brad Lincoln commented:

“An increasing number of developers are finding our input a vital component in securing the financing for their projects.  It is encouraging to find that banks in Spain, Ireland, Portugal and now Cyprus have now seen Best Group’s analysis as a key factor in their decision to support developers.  We are delighted to be of support”.

Best Group is now preparing the launch of the fractional programme to the market, with interest already recorded for the “early bird” programme suggesting it will prove particularly popular.

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Tags: Best Group, Cyprus, Fractional