WESTPROP Holdings says it has so far sold 58 percent of fractional shares in its luxurious apartment hotel — Millenium Heights in Borrowdale to investors, just three months after the launch of the scheme in November last year.
Fractional ownership in real estate is when multiple people share ownership of a property by purchasing a percentage of it. This model, although novel to Zimbabwe, is often used for expensive properties, like vacation homes, luxury cars, and aircraft.