• Why tie up a lot of capital in a holiday property in Spain when Co-ownership will permit you to enjoy all the benefits of ownership for the time you choose to occupy the property?
  • Your fellow co-owners will have the same commitment to the villa and will look after it when they are in occupation as you would yourself when you are there.
  • The costs of upkeep are kept down because maintenance etc is shared between a number of owners rather than all falling on you.

Co-ownership at the Los Azahares complex has operated very successfully for a number of years and there are approximately 50 families who now participate as co-owners. The properties are well maintained throughout the year by a local family outfit, Mojacar Holiday Services, who work under the direct supervision of the UK Board of Directors who are themselves all co-owners.

Each year, the directors prepare an expenditure budget for the forthcoming year and this is presented to all co-owners at an Annual General Meeting for approval. The co-owners then pay an annual maintenance fee to cover this expenditure.

The present structure of the maintenance fee is that there is a basic charge of £285 per month owned. Some people may not use their villa in a given year but for those who do there is a further charge of £75 for low season months (November to March), £140 for midseason months (April & October) or £205 for the remaining months. (You are free to allow other people to use your month if you wish.)

The process of acquiring a unit is really very simple. Once you have decided which month or months you require, you will be supplied with a simple set of standard contract documentation to complete and return with your cheque.

PRICE LIST

per complete calendar month
 
January £4,000
February  Maintenance Month
March  £5,000
April  £7,000
May  £7,000
June  £6,500
July  £8,500
August  £11,000
September  £7,000
October  £7,250
November  £5,250
December  £5,000

   

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