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What are ‘shares’ in a property?

Instead of selling individual bricks (which can get a bit cumbersome) we use something called a Special Purpose Vehicle (SPV). An SPV is a limited company that you buy shares in. Each property we offer is put into its own SPV so lots of people can buy shares in it and become shareholders. This is because normally a house can only have four names on the deed title. That’s no good when there are hundreds of UOWNers who come and go (imagine the paperwork...).

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