The complications of home ownership in Paris has thwarted more than a few attempts at American pied-à-terre seekers, but as Andrea Vaucher of The New York Times explains, luxury fractionals look like a viable alternative.

Luxury Fractionals Within Reach

The high cost of Parisian real estate, the arcana of French property law, and the unfeasibility of a second home an ocean away have combined to keep prime homes deferred for all but a select few. Now the fractional ownership model is beginning to take hold in Paris, with the promise of serving consumers a slice of la vie en rose.

Because the companies offering fractional interests in Parisian apartments can be incorporated in the United States, buyers can effectively sideskirt the various entanglements of French law.

The fractional concept comes to Paris by way of Italy, where several properties – among them the Cologna della Via in Anghari, the Borgo di Colleoli outside Pisa, and the Castello di Casole near Siena- have been offering interests “under the Tuscan sun” as it were.

More on Fractional Ownership

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