Stepping Stones
Step this way...
"All the benefits of freehold home ownership..."
Stepping Stones is a new approach to buying a dream home in the Portugal sun. Specifically developed by Oceânico - a leading Portuguese property developer - it allows a group of unconnected buyers to combine their resources and collectively OWN a beautiful property.
Stepping Stones meets the needs of today's potential buyers - those who would love to buy their dream home but recognize that it makes no economic sense to own a property they only visit for a few weeks each year. And those who are cautious, preferring to test the idea of ownership abroad before further commitment. Whichever way you'll own a property freehold with Oceânico supplying your co-owners.
"Choice of resort. Quality construction. Superb finishing. Solid Investment..."
Buying property though Stepping Stones is possible at a number of Oceânico's quality resorts. As with any other property purchase you'll be interested in the location and style of your new home. You'll need to be assured that the build quality is excellent. And if you're looking to share the cost of buying an apartment or villa you'll want the interior décor, furnishings and equipment to be attractive and durable. At an Oceânico development you can relax in the knowledge that each property has been built with these aspirations and standards in mind.
"...But at a fraction of the price"
Stepping Stones is available as either quarter share or twelfth share ownership, allowing a group of up to 4 or 12 unconnected buyers to enjoy the benefits of owning a home abroad at just a proportion of the full costs.
Quarter share ownership is available on apartments at our Vila Baia resort in Praia da Luz and apartments and villas at our Amendoeira Golf Resort near Silves, both on the Algarve. Quarter share owners can enjoy up to 3 months occupancy a year on the Stepping Stones rotational system and only pay a proportion of the total annual management, maintenance and administration costs.
However, why pay for 3 months when you only use the property for a maximum of a few weeks a year, perhaps just for your annual summer holiday?
Twelfth share ownership is available on linked villas at our Vila Baia resort in Praia da Luz and enables owners to enjoy one month's fixed use of the property each year, a great way of recouping holiday costs and owning at the same time, whilst only paying the same proportion of annual costs. The price also includes a quality furniture package, so there are no hidden extras.
Financially Stepping Stones makes great sense.
You can enjoy the future profits too
As a buyer you'll be attracted by Freehold Ownership, assets that can appreciate over time and especially assets that can provide fun and entertainment as well.
If recent history is anything to go by the Algarve is well positioned to provide attractive levels of capital appreciation as well as being a stunning resort location for all of your family and friends.
"60 per cent mortgages"
The Oceânico Group is proud to announce that it has introduced 60% mortgages, offered over 15 years for UK and Ireland residents, on their Stepping Stones fractional ownership properties at the Vila Baia beach resort and the Amendoeira Golf Resort.
Oceânico is one of the first companies to offer such mortgage options in the overseas property market. UK and Ireland Investors can finance up to 60 per cent of the purchase price of a Stepping Stones villa or apartment, a purchase option is offered through a mortgage that is not linked to their own home. Stepping Stones meant many more people would be able to enjoy all of the benefits of a property in Portugal. Now, the new mortgage options mean that even more people will be able to invest in a Stepping Stones property without having to realize other investments.
A property management service that's committed to excellence
No matter how good the build quality or furniture packages are the success of a resort ultimately depends on the enthusiasm and skills of the management team. At Oceânico we pride ourselves on having well trained and motivated staff that are sympathetic to the problems that people on holiday can encounter.
Building a community atmosphere
Stepping Stones at its best helps ensure that throughout the year the resort has a thriving community atmosphere. We all want the bars and restaurants to be lively, golf clubs and health spas to be enjoyed and a good "buzz" all round. Stepping Stones is a quality fractional ownership concept that will focus on building communities at each of its resorts.
Rental opportunities when you're not there
Assuming you share your property with other owners, you will each be entitled to either 1 month or 3 months occupancy in accordance with the Stepping Stones system, depending on your ownership scheme. So, if you plan on using the property for less than your allocated time, you can rent out the balance either to your friends and family, your co-owners or through the Resort Management Service. Whichever way, it will help defray your annual expenses. Again it makes sound financial sense.
Stepping up the property ladder
The concept of Stepping Stones recognizes that many buyers would like their investment in the overseas property market to be very controlled and considered. However there may come a time when you would like to move on to a larger shared property or even buy an apartment or villa outright. No problem. Oceânico have a solution.
Three Year Buy back guarantee
If you decide to upgrade to a more expensive property, after offering your property to your co-owners, Oceânico will guarantee to buy back your Stepping Stones investment at 5% per annum on your original investment, for up to 3 years. Then you can either buy in the same development or another attractive Oceânico property in Portugal.
Or if you want to sell
The Stepping Stones documentation clearly lays out a procedure for selling your property. You will have a valuable asset to sell on the open market and the resale system is logical and fair.
Peace of Mind
Either way Oceânico will manage the whole process for you and ensure the maintenance and upkeep of your property when you are not there.
Where & When is Stepping Stones available?
Stepping Stones quarter share ownership is available at two of our luxury resorts, the 5 star Amendoeira Golf Resort, featuring 2 championship golf courses, one designed by Nick Faldo and one designed by Christy O'Connor Jnr. With a choice of two bedroom luxury apartments and three bedroom villas available, Amendoeira offers every facility & amenity you could wish for, including a Sporting Club, Club House, indoor swimming pools, restaurants, a business centre and many more.
Or, if you prefer the beach, Vila Baía is perfect for you, only 200 metres from the beach with a range of on-site facilities, including swimming pools, restaurant, children's facilities, multi-purpose sports pitch and a tennis court, you can chose from a one bedroom apartment up to a three bedroom apartment/penthouse.
Stepping Stones twelfth share ownership is available at 3-bedroom linked villas at our Vila Baía resort. Each linked villa is equipped with state of the art technology including satellite free to view system, television, DVD, hi-fi, air conditioning, an electric shutter system on the windows, a fully equipped kitchen fitted with Siemens appliances, white "Roca" sanitary ware in the bathrooms and a central vacuum system.
Interested to know more?
If you want to know more about Oceânico or Stepping Stones please contact our sales team...
Local number Portugal: 00 351 282 320 688
Dialing from the UK: 0871 990 3388
Dialing from the ROI: 01 617 7967
Or email: steppingstones@oceanicogroup.com
