Shared Property Ownership Under the CIP: What You Should Know

Understanding how fractional villa ownership works for second citizenship in Antigua and Barbuda

For investors looking to obtain second citizenship through real estate, shared ownership is becoming an increasingly attractive path. It offers the benefits of property ownership at a lower entry point, while still meeting the requirements of Antigua and Barbuda’s Citizenship by Investment Program (CIP).

At Citizens International, the most popular CIP-approved real estate options among our clients is The Gardens, a waterfront villa community offering fractional ownership in luxury homes. Here’s what you should know about how shared ownership works and why it may be the right fit for your citizenship and investment goals.

What is shared or fractional ownership?

Shared ownership means you purchase a legal share of a titled property, such as a luxury villa. At The Gardens, shares are available currently in 1/6 or 1/8 fractions, depending on the specific villa. This ownership model gives you full access to the property for six to eight weeks per year, along with a stake in its long-term value.

Unlike a traditional timeshare, you’re not just purchasing the right to vacation. You are investing in a real asset, with the ability to resell, generate income, and pass on your ownership.

How does it compare to hotel investments?

While hotel shares in countries like Grenada may offer a slightly lower entry point, they often lack the flexibility and lifestyle benefits that come with owning part of a standalone villa.

Villa ownership typically offers more private use, stronger rental income potential, and a more favorable resale position. For investors seeking both a second passport and a lifestyle property they can enjoy or pass on, shared ownership in a villa often makes better long-term sense.

How many weeks do I get each year?

At The Gardens, owners receive six to eight weeks of use annually, depending on their share size. These are typically divided into two separate bookings, with dates rotating each year to ensure fair access across seasons. All bookings are handled through the property management team, who coordinate owner stays and guest rentals.

Can I gift or lend my weeks?

Yes. Your weeks of use can be gifted to family or friends, or used for hosting guests. All stays are coordinated through the management calendar to ensure availability and a smooth guest experience.

What is included in annual fees?

Annual fees cover all property-related expenses, including landscaping, pool and villa maintenance, staffing, guest services, housekeeping, and general upkeep of shared spaces. This ensures the villa is well maintained and rental-ready year-round, without any hands-on effort from you.

What can I expect in terms of rental income?

When not using your villa, the management team rents it to short-term guests. Net income is pooled and distributed to owners twice per year, typically resulting in 2 to 4 percent returns annually after expenses. Detailed financial reports are provided with each distribution.

Do I need a local bank account to receive payments?

No. Rental income can be paid to any international bank account in your name and in your preferred currency.

What is the exit strategy?

After the five-year minimum hold period required under the CIP program, you are free to resell your share. Resale can be done privately or through the developer’s resale program. Because villa shares offer a more personal and flexible ownership experience than hotel units, they tend to maintain stronger interest on the secondary market.

Does the real estate path take longer than the donation route?

Not at all. The citizenship application process is the same whether you choose to invest in property or make a government donation. The only difference is that there are a few additional agreements to complete with the developer at the outset. Once those are signed, your application proceeds on the same timeline.

Interested in exploring shared ownership options?

Citizens International works closely with The Gardens and other CIP-approved real estate projects to help you find the right fit. Reach out to schedule a complimentary consultation and learn more about availability, pricing, and the process.