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The world of shared property ownership is extremely diverse. Indeed there are many different forms of shared or fractional ownership on the market and this can be fairly confusing for any individuals who are new to it.
This section of Fraction Direct is designed to bring you a huge selection of information from various sources from the media and fractional ownership industry. To assist you further, Fraction Direct has catagorized information (see the category list in the top left hand column) which should assist you in finding the relevent information or advice. The categories include:
Fractional Definitions: There are many different terms and forms of shared ownership. This section provides further clarification of the various types of shared ownership that are on the market.
Fraction Direct Press Releases: As part of Fraction Direct's marketing services for developers and resorts, fractional retailers can release information on their products and services.
Industry Press Releases: Promotional Information and advice from Industry sources.
Independent News Articles: Fraction Direct monitors the media for independent features and comment on the fractional industry. This gives balance and impartial advice from independent news sources which you may find helpful.
Fractional Web Logs: Online comment from individuals and companies linked to the fractional or shared ownership industry.
If you have any comments regarding information on these pages please email office@fractiondirect.com
Caribbean Fractionals Continue To Defy World Economic Crisis
Jim Walberg, Caribbean Realty | Sat, Jul 18th, 2009
One of the truths about real estate is that all real estate is local. The world news continues to report each day the demise of real estate because of the world's credit meltdown, however there are always real estate locations that are still thriving. The Caribbean fractionals are one of those locations.
I am constantly looking for the best opportunities in the Caribbean for people to secure their slice of Paradise. For the last several years the real estate product that has represented half or more of the sales has been fractionals. If you recall, almost ten years ago the Ritz Carlton in Red Hook, St. Thomas, was one of the first to test the market of fractional deeded ownership as a method to own real estate with several other partners. It was a huge success. Below are six more Caribbean islands to consider for your slice of Paradise by purchasing a fraction of the property instead of the owning it all yourself.
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Ultra-Luxury Villa Castellamonte Announced Fractional Owners Program
Fraction Direct | Mon, Jul 13th, 2009
Villa Castellamonte, one of the Dominican Republic's most exclusive 5 star ultra-luxury private villas, announced today the unveiling of its recently established Fractional Owners Program. The Fractional Owners Program allows accredited investors to purchase 1/10th "units" in this highly regarded vacation villa. Fractional owners are then able to enjoy five weeks use of the fully staffed villa and rotate those weeks annually. Management of the villa will remain with North Coast Management, S.A.
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These fractions often can add up to luxury
Valerie Fahey, Special to The Chronicle, San Francisco Chronicle | Mon, Jul 6th, 2009
These days, you can buy a portion of a jet, a vineyard, a yacht, fine art - even truffle trees in Tuscany. But perhaps most popular among so-called fractional ownership is sharing a vacation home.
It has its advantages - daily maid service, dedicated concierge - but buyer beware, you will have to share your toys.
The practice of joining with family members to share ownership of vacation property is not new. The evolution of a fairly robust fractional property market began in Europe decades ago, but it didn't really gain traction in the United States until the early 1990s, with the ski resorts of the Rocky Mountains.
Today, fractionals are practically everywhere, from uptown New York to upscale Vail.
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Will fractional ownership save the Spanish property market?
Kyero | Wed, Apr 8th, 2009
Fractional property will take over from freehold sales in Europe within five years, according to industry specialists, as poor economic conditions leave its legacy on the world’s mid-range buyer market.
Fractional ownership was already growing in prominence with global buyers before the downturn, according to data from Mintel and the world’s two biggest fractional consultancies, the Ragatz Association and Northcourse Ltd, which revealed that in 2007 the fractional ownership industry was worth US$1.98bn, (20% up on 2006) excluding destination clubs which registered a further $2bn in sales.
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$640M Project Breaks Ground in Tough Times
Crystal Proenza, Globe St | Wed, Nov 5th, 2008
"There are 267 fractional clubs worldwide," he explains. "Last year they accounted for $2.6 billion in sales, and the year before was $2.1 billion. Sales have consistently gone up 20 to 30%, and we have 141 fractions sold to date," he adds.
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Buying a small piece of the action
Pedro Arrais, Times Colonist | Thu, Oct 23rd, 2008
Fractional ownership of a home, usually a vacation or second home, means the cost of a property can be shared by up to 20 different buyers. Fractional ownership differs from timeshares, where people purchase blocks of time in a resort. Instead, fractional owners purchase their property with a fee-simple title. This means they can mortgage, buy, sell or pass deeded property to others.
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Financial crisis: Luxury brands boom as rich fly to quality
Jessica Fellowes, Telegraph | Sat, Oct 18th, 2008
Fractional ownership - we knew it as ''timeshares'' in the Eighties - is currently providing buoyancy in the luxury market. Clients are splitting the costs of yachts, jets or holiday villas with their fellow rich elite. There is also now a host of companies simply reselling empty seats on pre-booked private jet flights, including privatejetshare.com, LunaJets, NetJets, lastminutejet.com to name but a few.
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Hotel residences: All the perks with none of the work
By Larry Olmsted, Special for USA TODAY | Sat, Sep 20th, 2008
The hotel-residences trend is notably different from its predecessors such as fractional/time share hotel units, which are not wholly owned, or condo hotels, which are wholly owned hotel rooms without, for example, kitchens. Not only do hotel residences have kitchens and everything else an owner would expect in a typical abode, they also include amenities such as maid and room service, plus restaurants, spas and gyms.
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Sharing the dream: Owning a fraction
myFinances.co.uk | Fri, Sep 19th, 2008
P Diddy was apparently caught out last week when he claimed to have given up his private jet. After a reporter investigated the story, it emerged that the rapper had never owned a private jet at all - although he did have a fractional ownership of one through NetJets.
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Get that second home with fractional freehold
The Move Channel | Tue, Sep 16th, 2008
With the credit crunch tightening belts around the country, fractional freehold ownership enables you to buy a second home in the sun at a lower cost.
The Vigia Group has been offering fractional freehold ownership for more than 15 years at its resorts on the Western Algarve in Portugal, including the flagship Parque da Floresta Golf and Leisure Resort, the beachfront resort of Quinta da Fortaleza and two village house developments in Salema, The View and The View 2.
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Buying a vacation home by the slice
CONNIE POTTER, The Oregonian | Sun, Sep 7th, 2008
For many buyers, though, fractional ownership is a perfect way to match budget and time constraints. Instead of spending $599,000 for a 2,200-square-foot, three-bedroom home, buyers can purchase a one-eighth deeded share for $120,000 or a one-fourth share for $210,000. With a one-eighth share, they get to use the home 61/2 weeks a year on a fixed weekly or monthly rotation. With a quarter share, they can use it 13 weeks a year.
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Robust Sales at Four Seasons Residence Club Vail Fueled by Market Trends
eMedia World | Wed, Aug 27th, 2008
Nearly 35 percent of the nineteen 1/12th fractional residences have been sold and interest remains strong thanks to the increasing popularity of fractional opportunities within the mountain real estate market.
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Developers of new condos work to make home more like a hotel
The Canadian Press | Tue, Aug 12th, 2008
Among the hotel-industry names expanding into luxury housing, meanwhile, is Ritz-Carlton, which opened its first urban residential offering in November in San Francisco. It added eight floors to an 1890 stalwart that was once the tallest skyscraper west of the Mississippi River. Housekeeping is available twice daily, and concierges stand ready to tackle airport pickups, party catering, even stocking the fridge.
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What is fractional ownership?
Wise Geek | Sat, Aug 9th, 2008
Fractional ownership is essentially partial ownership of a property. With fractional ownership, a property is owned and shared by at least two, and often several, individuals. This type of ownership is popular with vacation properties and resorts.
To understand fractional ownership, consider a large, and expensive, property that may be difficult to purchase and care for on your own. Instead of becoming the sole owner of the property, you purchase a share of it, as do 15 other people. Now, you own 1/15 of the property and have others to share in the burden of maintenance and taxes. Though this option is popular with larger properties, it may be used with smaller, lower cost properties as well.
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Fractional Ownership Heads to Europe
AMY CORTESE, New York Times | Sat, Aug 9th, 2008
Long popular in the United States, fractional ownership - in which the costs of a vacation home or other asset are divided among a pool of members - is steadily making its way across the Atlantic. For prices starting at $100,000, not including annual dues, buyers can own a piece of a coveted property in the Tuscan hills, in the heart of Florence or in other European locales.
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Fractional ownership 101
Prof. Graham Paddock | Fri, Aug 8th, 2008
Where a group of three friends buy and take transfer of undivided one-third shares in one conventional or sectional property, for example a holiday home they intend to use and share, they can each be said to have 'fractional ownership' of that property. In these circumstances one presumes that they will work out what they now consider to be a fair system for sharing the use of the property, for example taking it in turns to use the holiday home at each year-end and during school holidays and agreeing that they will share the expenses of and income derived from the property according to a particular arrangement.
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The joys of cottage life, at a fraction of the costs
Gay Abbate, Globe and Mail | Fri, Aug 8th, 2008
Fractional ownership is essentially the old-fashioned time-share: A number of people each pay for the right to use a facility for a specific period of time each year. The twist is that, as a fractional owner, you receive a deed for your share of the cottage and can sell it, rent it out or leave it to your heirs.
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Fractional ownership beats the credit crunch
Neil Robertson - Reach Together | Thu, Aug 7th, 2008
One area of the real estate market is bucking the generally negative trend, with values and sales volumes up. Fractional ownership of luxury real estate has been slowly gaining in popularity over the last 10 years or so, but now seems set to reach a tipping point and become a mainstream concept
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The Palm Jumeirah, Dubai - Place in the Kingdom of Sheba fractional
Dubai High Society | Wed, Aug 6th, 2008
Fractional Ownership combines the benefits of a lifestyle choice with a sound financial investment. This deeded ownership product ensures that investors have an asset that increases in value over time, which can be sold, rented or inherited as with any fully owned property, not to mention personal use for a guaranteed periods year after year.
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