Independent press articles on fractional, Fraction Direct & Industry News Releases, Blogs and industry statistics
Categories:
Fraction Direct Press Releases
Recent Articles:
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.
Click here to read full article
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.
Click here to read full article
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.
Click here to read full article
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.
Click here to read full article
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.
Click here to read full article
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.
Click here to read full article
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.
Click here to read full article
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.
Click here to read full article
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.
Click here to read full article
Cashing In on Real Estate, It's Still Possible
Wall Street Journal | Fri, Jul 25th, 2008
Is it still possible to make money in real estate?
With home prices continuing to plummet, many people have finally stopped seeing their family manse as a big bottomless bag of cash. But look beyond your front door, and you'll find some alternative real-estate related opportunities that are holding up despite the current economic downturn: Fractional real estate...
Click here to read full article
How to become a part-time Millionaire
Lucinda Baring, The Spectator | Wed, Jul 16th, 2008
It began in the Rocky Mountains, but now fractional ownership is all the rage in Britain, says Lucinda Baring
Fractional ownership - when people join forces to buy an asset, whether it's a villa in Italy or a private jet - is a flourishing phenomenon. Each person buys a percentage of the asset, which is looked after by a management company, in return for relative usage
Click here to read full article
Fractional ownership for the middle class
Yahoo Finance | Sun, Jul 6th, 2008
Is a second home on your wish list? Despite ups and downs in the real estate market, second homes are part of the new American Dream. Indeed, a recent Harris Interactive survey for the National Association of Realtors shows almost 80 percent of Baby Boomers have their own homes, and 25 percent own two or more pieces of real estate. Enter Private Quarters Club, which has answered the dream of second home ownership for hard-working middle-class consumers-and enhanced it with automatic golf and country club membership-through fractional ownership.
Click here to read full article
Fractional ownership catching on in Europe
Austin American Statesman, Shelley Emling | Sat, Jul 5th, 2008
Group ownership is an economical way to visit Europe frequently despite a steadily declining dollar. Ginny Blackwell, a New York-based entrepreneur who founded French Property Shares, a fractional ownership company, said it's the home-away-from-home allure that makes fractionals more appealing than a timeshare arrangement.
Click here to read full article
Fractional Ownership: Owning a Piece of the Pie
NUWire Investor, Brad Zimmerman | Thu, Jul 3rd, 2008
From the south of France all the way to the sandy beaches of San Diego, the idea of fractional ownership is taking hold, and interested buyers are beginning to see why.
Fractional ownership is an actual, deeded interest: It can be sold, left in a will, put it in a trust-practically anything that can be done with any normal deeded property, according to CNN Money.
Click here to read full article
Turning Profit in Luxury Fractional Real Estate
Growing Wealth Magazine | Tue, Jul 1st, 2008
With real estate seemingly stuck in a nosedive, some sectors continue to offer investment promise. The luxury fractional ownership market, still in its infancy, may be the perfect opportunity, offering relatively high returns and showing strong sales growth even in today's market.
Click here to read full article
Turning Profit in Luxury Fractional Real Estate
Growing Wealth Magazine | Tue, Jul 1st, 2008
With real estate seemingly stuck in a nosedive, some sectors continue to offer investment promise. The luxury fractional ownership market, still in its infancy, may be the perfect opportunity, offering relatively high returns and showing strong sales growth even in today's market.
Click here to read full article
Shared sale of Hawaii properties hits market
Andrew Gomes | Honolulu AdvertiserWed, Jun 25th, 2008
In Hawai'i's real estate market, $250,000 doesn't buy much - maybe a small house in Wai'anae or a condominium in an aging Pearl City high-rise. But in a developing trend, $250,000 now also can buy ownership of a luxury condo or oceanfront home in some of the state's ritziest neighborhoods.
Growing numbers of local real-estate agents have recently begun marketing "fractional ownership" of homes where up to six buyers purchase interests, allowing each one to use the property 60 days a year.
Click here to read full article
Absolute and David Lloyd target a new market for vacation properties
Robert Pratt, Property Plus Magazine | Fri, May 16th, 2008
Property developer the Absolute Group announced a new fractional ownership programme on April 24th. In early May, the Group will begin selling fractional shares in the Bangla Suites Jacuzzi Condominiums in Patong and the Absolute David Lloyd Beach Club at Nakalay. As part of the deal, the vacation properties come with top-end luxury amenities--including access to a speedboat to take owners on daytrips to surrounding islands.
Click here to read full article
Shared Property Market Continues to Grow According to Ragatz
Nick Copley | Wed, Mar 19th, 2008
Ragatz Associates just released their latest annual survey of fractional homes, private residence clubs and destination clubs in North America. The overall combined sales were $2.3 billion in 2007, up 8.3 per cent from 2006.
Click here to read full article
The overseas expert: fractional-ownership
Sunday Times | Sun, Feb 24th, 2008
Proponents of fractional-ownership schemes stress that, unlike with its disreputable cousin, time-share, you have a stake in the property itself, which gives you a share of the title and allows you to benefit from any capital gain if its price rises.
Click here to read full article
<< prev - page 1 of 3 - next >>