RELATED NEWS AND ARTICLES
More Developers are Considering the Fractional Alternative
A New York Times article "Developers Reconsider Partial Ownership Model", it discusses that developers are starting to look more and more into fractional ownership products to help sell and market their current development products.
During this tough economic times, developers have been forced to look to new ways to sell second and vacation homes, and fractional ownership provides numerous benefits and services to these developers.
The article mentions such groups as "The Oceanico Group of Ireland, David Lloyd Resorts of Britain, Grupo Pinar in Spain, the Zorgvliet Group in South Africa and Vertuz Development in Thailand are a few of the developers preparing fractional programs."
Many reports and trends show that fractional ownership will be the first portion of the real estate market to come out of this economic recession and many predict that consumers are ready to embrace fractionals as a low-cost alternative to full ownership of a second home. Many observers believe as well that this concept will grow tremendously in Europe and Asia, where fractional ownership sales would exceed whole ownership sales of vacation homes within 5-10 years.
