What is Fractional Property Ownership (FPO)?
The Fractional Property Ownership (FPO) is the equivalent of a fraction of property (in our case in square meters) owned by the holders of a token.
The concept itself isn’t new; in the 1960s, the idea of shared ownership gained popularity through timeshares, where multiple people could purchase a share of time at a property like a vacation resort. Later crowdfunding platforms have offered FPO. The problem with these types of FPO offering is that they aren’t very transparent, not so secure, not very liquid, and quite costly.
The blockchain technology have helped a lot to resolve some of those issues, as the blockchain investment platforms are very secure and transparent, very liquid by offering immediate fractional property trading, everything at very low costs.
Fractional ownership is a smart way to invest and own. Besides investments in new projects that we develop, people will be able to own parts of special vacation properties acquired and/or built by Reitis.