Understanding Fractional Ownership
What is fractional ownership?
If you’ve ever dreamed of owning a property in Paris or elsewhere in France but felt held back by the high costs and complexities of full ownership, fractional ownership in France offers a smart and accessible solution.
This innovative model allows multiple owners to share both the rights and responsibilities of a luxury apartment or home.
Each owner holds a deeded share and enjoys the property for a specific number of weeks annually.
With fractional ownership in Paris, you can invest in an elegant apartment, gain exposure to valuable real estate, and experience the Parisian lifestyle all without the hassle of full property management or hefty expenses.
Often located in the heart of Paris or other sought-after French destinations.
Professional management ensures your property is always ready, giving you a seamless and stress-free experience.
Metropolitan Properties Paris × Phileas
Metropolitan Properties Paris is partnering with Phileas to offer a smarter path: fractional ownership.
It’s authentic ownership reimagined, giving you a slice of a prestigious Parisian apartment without the full burden of cost or responsibility.
This collaboration combines Phileas’s seamless fractional ownership model with MetParis’s deep expertise in the Paris property market, ensuring that acquiring, enjoying, and ultimately trading your share is as effortless as possible.
Why fractional in France ?
With Phileas, you purchase a share of an exquisite property on Rue de Babylone, one of the Left Bank’s most storied streets.
Instead of buying an entire apartment you’ll only use a few weeks each year, you buy the portion you’ll actually enjoy.
Each share provides five weeks of annual usage, with concierge service, housekeeping, and turnkey digital management included.
Your apartment is spotless and ready on arrival; when you’re away, your share builds equity in one of the world’s most stable and desirable real-estate markets.
Unlike timeshares, Phileas ownership is a true, appreciating asset simple to sell, gift, or inherit thanks to a U.S.-based legal structure that holds the French title through an S.C.I. owned by a U.S. LLC.
A rare apartment beside Paris’s secret garden
Phileas’s current offering is a single, exceptional apartment on Rue de Babylone, overlooking Le Jardin Catherine Labouré—a hidden oasis in the 7th arrondissement. Behind an unassuming gate, this walled garden opens into a world of winding paths, seasonal flower beds, shaded benches, and community vegetable plots. To live here is to discover a private, local Paris, just steps from Le Bon Marché, Saint-Germain’s boutiques, and the cultural landmarks of the Left Bank.
This apartment blends refined interiors with unmatched surroundings, creating a pied-à-terre that feels both connected to Parisian history and alive with its contemporary spirit.
The Phileas experience
in one of Paris’s most prestigious neighborhoods
utilities, maintenance, concierge, and even personal shopping at Bon Marché handled for you.
insider access to curated cultural, culinary, and fashion experiences
A special property in the heart of historic Paris
This superbly renovated 92.5m² 2 bedroom / 2 bathroom apartment nestled in one of Paris’s most coveted locations. Situated mere steps from the iconic Bon Marché and directly facing the serene Jardin Catherine Labouré, this residence offers an increasingly rare opportunity to acquire an expertly renovated home in the prestigious 7th arrondissement.
Housed in an elegant 1860 Haussmannian building with concierge, this first-floor apartment (with elevator access) has been meticulously reimagined to offer the perfect balance of classic Parisian character and contemporary luxury.
The investment begin at 280 000€ and each share give you a 5 weeks access per year.
Advantages of Fractional Ownership properties
Cost efficiency and shared ownership expenses
One of the most compelling advantages of fractional ownership in France is the financial efficiency it offers. By sharing the purchase price and ongoing expenses such as property taxes, insurance, maintenance, and utilities with other owners, you significantly reduce the overall cost burden.
This cost-sharing model makes luxury properties in expensive French markets like Paris more accessible without sacrificing quality or location.
Owning a share means you benefit from prime real estate investments and the potential for value appreciation, while only paying a fraction of what sole ownership would require.
Hassle-Free Property Management
Fractional ownership in France often comes with professional property management services that handle routine maintenance, cleaning, and logistics for the property. This arrangement eliminates the stress typically related to managing a second home, especially if you live far from the property or do not want to deal with day-to-day upkeep.
Management companies coordinate scheduling among owners and ensure the home is always in top condition when you arrive for your stay. This hands-off approach offers the convenience of luxury living without the full management responsibilities, making it ideal for a modern lifestyle.
F.A.Q
Fractional ownership in France involves purchasing a legal share of actual property, granting deeded ownership and usage rights proportional to the share. This arrangement is often managed through a legal entity, with shared responsibilities for maintenance and costs. Unlike timeshares, fractional ownership means you own part of the property itself, which can appreciate in value. Timeshares, on the other hand, only grant the right to use a property for a specific time without any ownership.
Fractional ownership allows you to resell your shares and typically involves smaller groups, offering more control and investment potential. In contrast, timeshares often involve larger groups and come with more restrictions.
Usage time in fractional ownership is scheduled either by fixed or rotating weeks. Fixed use assigns specific weeks or months permanently to owners, providing consistency and predictability. Rotating or variable use allows owners to share time based on a reservation system or annual drafts, offering greater flexibility.
These scheduling options can often be combined or tailored to meet owner preferences and the specifics of the property.
Owning a fractional share in a French property typically involves annual costs for management, maintenance, utilities, taxes, and insurance, which are shared among co-owners. These fees generally range from about €800 to €6,250 per year, depending on the number of owners and the property size.
Additional expenses may include concierge services and repairs, which are often funded through an annual dues slush fund.
Fractional ownership shares in France can be sold, transferred, or inherited, typically through membership interests in a legal entity like a Société Civile Immobilière (SCI) or LLC. This structure facilitates orderly transfers without the need to re-title the property.
Legal protections include adherence to French co-ownership laws (‘copropriété’), compliance with EU directives on disclosures, rescission rights, and restrictions on sales as investments. Transfers and inheritances are governed by domicile law for SCI shares, while operating agreements define management and dispute resolution procedures, ensuring robust protections for owners.
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