NEWS “Many buyers purchase fractionals not as an investment but as a vacation alternative… Such properties appeal to buyers who want exclusive getaways but who may be unwilling or unable to purchase a second home they will use for only a few weeks a year…The younger generation of buyers is viewing it as an alternative to full ownership because of the ease. You’re not paying for when the property is vacant and it’s become a convenient way to own a second home without all of the problems.” ‘Fractionals: A Hot Spot in a Cooling Market’, The New York Times “It’s not hard to see the appeal of this new generation of second homes. With real estate hitting record highs even affluent buyers are experiencing sticker shock. And when you consider that the average vacation-home buyer uses the property just four to six weeks a year, well, a fractional begins to seem not only practical but downright preferable.”
Conde Nast Traveler. February 2009 “Fractional ownership is a phenomenon that is flourishing. While traditional luxury business product markets sink, and numerous business sectors batten down the hatches, it’s a market that continues to thrive apparently undaunted by the wider western economic downturn. If anything, the market is actually growing... But what is fractional ownership? And how, in the midst of the credit crunch, is it consistently out-performing its more traditional rivals?”
Daily Telegraph. October 2008 |