Oceanico, a leading developer in the Portugese resort and hotel industry, has been making headlines recently. First comes the announcement that they will be the Title Sponsor for the 2008 Fractional Life Expo in London. And now it is announced that they have won a 2007 Homes Overseas Award for its Stepping Stones Solution to fractional ownership.

Ocenico’s Stepping Stones Fractional Ownership Purchasing Solution Wins Gold

Oceanico Group, the leading developer of quality beach, leisure and golf resorts in Portugal, has won a Gold award in the Best Fractional Ownership Scheme category at the 2007 Homes Overseas Awards for its Stepping Stones solution.

The Gold award recognises the best fractional ownership purchasing solution worldwide, with this year’s award seeing over 100 companies shortlisted, representing more than 20 overseas property destinations. Stepping Stones won a Gold award for the choice of quality developments at which it is available, together with its ease of use, clarity and investment potential.

Oceanico launched Stepping Stones as a quarter share ownership solution in 2006, with 12th share ownership launched in 2007 providing prices from just $25,000. Stepping Stones is available at the four-star Vila Baia resort in Praia da Luz and the five-star Amendoeira Golf Resort near Silves, which features two championship golf courses designed by Nick Faldo and Christy O’Connor Jnr.

Simon Burgess, director of Oceânico Group, said: “Everyone at Oceânico is extremely proud to win the Homes Overseas Award for Stepping Stones. We are committed to providing all of our customers with a high quality property investment, and have spent a lot of time ensuring that Stepping Stones offers the best possible solution to fractional ownership.”

Brigitte Urbano, Fractional Sales Manager at Oceânico added: “With luxury properties, a stable Portuguese property market and a range of mortgage options now available, Stepping Stones offers a strong investment opportunity for anyone looking to get a foot on the overseas property ladder, or for those who want to spread their investments. This award highlights the quality that now exists in fractional ownership, and we are very pleased to be recognised internationally for our service.”

To support purchasers Oceânico offers mortgages for UK homeowners on the Stepping Stones quarter share scheme, with either a 60% mortgage secured on the membership certificate or a 95% mortgage secured on a UK property. Subject to terms and conditions.

The Homes Overseas Awards were established in 2004 to recognise and award quality in the overseas property market. Since its launch the awards have been expanded to cover a broad range of countries and products that are now attracting interest from British consumers. The 2007 awards were held at the Royal Garden Hotel in London on 3 December.

For more information on Stepping Stones call 0871 990 3388 or visit www.oceanicogroup.com.