The Financial Times has an article "Hassle-free holiday homes with returns" saying:

"Cue the latest phase: property syndicates. Last year, I looked at one of the best of these, called Rocksure. New entrants are appearing all the time – the latest is a fund called Safe Haven Property. This is how they work: a structured limited-liability offshore vehicle buys up a collection of swanky villas in diversified locations, to be enjoyed by members of the “club”, and takes over the hassle of physically managing them. Investors have to put in between £50,000 and £150,000, but cannot use debt to finance the “investment”."