Independent press articles on fractional, Fraction Direct & Industry News Releases, Blogs and industry statistics
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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
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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$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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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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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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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 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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Five Facts About Fractional Real Estate
Carl Berry | Fri, Aug 1st, 2008
1. Fractionals are here to stay. Fractional ownership has always been with us. Two or three couples team up to purchase a cabin by A clear mountain lake; a group of siblings opts to buy a seaside home to vacation together or separately; a ski chalet for one group of friends become a fall mountain retreat for another. Now the term "Fractional Ownership" has been formalized. Last March, Dick Ragatz of Ragatz Associates has reported at that more than $1.5 Billion in sales of Fractional Properties was achieved by this luxury component of the shared ownership industry.
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Fractional ownership could become trend
Terry Dillman, News-Times | Sat, Jul 19th, 2008
Analysts say "fractional ownership" of luxury vacation homes could become a trend in the months and years ahead as folks seeking to own a dream vacation home give in to economic realities and benefits of shared ownership.
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Fractional Ownership arrives in London
London Fractions | Mon, Jul 7th, 2008
London is arguably the greatest city on Earth. As the economic, cultural and entertainment Capital of the World, demand for real estate from international buyers is exceptionally high.
This however is represented in the prices! London's real estate market is one of the most expensive in the world with flat recently reportedly selling for a record £115m in St James's. And with the hosting of the 2012 Olympic Games, international demand is not expected to slow down any time soon.
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Fractional ownership in London
London Fractions | Sun, Jul 6th, 2008
The World's most expensive cities are those where rich international buyers congregate, and no other city is as international as London. With its time-zone and language convenient for businessmen from the US to the Middle East to Asia - all conspire to make London the leading financial centre. Coupled with its unrivalled rich heritage, culture, arts and entertainment facilities, London is continually accoladed as the greatest city in the World.
There are many benefits of fractional ownership but why should you consider a fractional in London? We have compiled a list of just some of them:
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Whole Ownership or Fractional?
Truckee Realty, Rebekah Schoeder | Sat, Jul 5th, 2008
What is this property ownership called a fractional? If you buy a 1/5 fractional of a property, how does that work? I was recently asked a few silly questions such as: “If you buy a 1/5 of the property does that mean you get the kitchen and the master bedroom and someone else gets other portions of the house? Or do you get to use the property from 5:00 to 10:00 in the evening?” But really, what does the ownership of a fractional look like? And is it really the way to go? There are many advantages to this type of property ownership and it is becoming more and more popular.
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The Sum of the Parts is Greater than the Whole
Gary L. Winter & Jody L. Winter | Tue, Jun 17th, 2008
It appears to me that the fractional ownership vacation home industry has been dancing around a topic of fundamental importance for too long - the mark-up or "premium" charged to fractional buyers.
What's a fractional premium?
I was enjoying a slice of my favorite pie (rhubarb in case you're wondering) at a local restaurant recently. My slice cost $1.95, but the whole pie (six slices) cost $8.00. I was not that hungry and could not possibly eat six slices of pie at one sitting so I did not want the whole pie. It did not occur to me to complain to the manager that I could have purchased the
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Fractional Ownership Industry Grows Despite Economic Slowdown
DCP International | Thu, Jun 12th, 2008
CHICAGO, IL - DCP International (DCP), private residence club industry leader headquartered in Chicago, announces the addition of three diverse developments to its expanding roster of clients. Pioneer of the Equity Residence Clubsm concept and in its 17th year of operation, DCP recently launched three new clubs in Nantucket, MA; Huatulco, Mexico; and Seacrest Beach, FL.
"While the whole-ownership market continues to struggle, developers and buyers are seeking alternatives that make sense in any market," explains DCP Partner Steve Dering. "As a result, we're seeing increased interest in the residence club concept because it continues to grow in popularity and has the ability to withstand an economic downturn."
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Timeshares and Fractionals: What's the Difference?
Halogen Guides | Fri, Jun 6th, 2008
The concept of a timeshare is well-known among second-home owners, but the concept of a fractional - or a private residence club - is demonstrably not. A study this year by the American Affluence Center reported only 33% of their respondents (who averaged a net-worth around $3 million) to be familiar with the more luxurious private residence club concept. So what are they and why compare them with timeshares?
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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.
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Fractional Ownership By David Lloyd & Absolute Group
Newswire | Wed, May 7th, 2008
David Lloyd and Absolute Group announce the new innovative ‘Fractional Ownership' program in the Thai property market. The program will offer buyers from around the world an affordable option to own a luxury holiday home in the dream destinations of Phuket and Koh Samui.
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Fractionals in Dubai
Newswire | Wed, May 7th, 2008
RCI, the global leader in vacation exchange, and one of the Wyndham Worldwide family of brands (NYSE: WYN), and VH Dubai have entered into an affiliation agreement whereby VH Dubai will offer prospective purchasers the opportunity to own a piece of the Palm Jumeirah.
This eagerly awaited fractional ownership project offers buyers a chance to purchase one of VH Dubai's luxurious suite apartments, as well as be a part of the The VH Residence Club.
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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.
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The Reasons to Buy a Private Residence Club or Luxury Fractional
Sherpa Report | Fri, Mar 7th, 2008
We hear a variety of reasons as to why people buy into private residence clubs and luxury fractionals. Usually there are several factors that persuade people that this is the right way to go for their vacation property. We've summarized the main reasons here.
Price and Value
The dollars involved is usually a factor, but different folks have different ways of looking at this. The most straightforward way is to equate the dollars you're spending with the amount of time that you'll spend in your property. Most people with second homes find they only spend 3 to 6 weeks a year at their second home. So by buying a luxury fractional you can effectively only pay for the amount of time that you're going to actually use your property.
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