20/01/2010
YEAR BEGINS WITH EUROPEAN FRACTIONAL SALES 'SURGE'
The fractional market in Europe has seen a surge in sales as a growing number of companies report strong figures for the end of 2009.
Fractional consultancy The Best Group has reported £2 million worth of sales through 25 transactions across Europe since the start of November.
“What has made completions accelerate is a sense that properties.... |
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20/11/2009
FRACTIONAL PROPERTY TO ‘OUTSELL FREEHOLD WITHIN FIVE YEARS
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.... |
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20/11/2009
FRACTIONAL OWNERSHIP TO RESCUE SPANISH PROPERTY 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.... |
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20/11/2009
FRACTIONAL OWNERSHIP WILL INCREASE IN POPULARITY
The popularity of fractional property ownership schemes is set to increase during 2009, it has been claimed.
According to one foreign property specialist, the concept - which involves buyers purchasing a percentage of a property and sharing use of the home with other owners - will become more popular over the coming months as purchasers begin to choose.... |
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20/11/2009
CALL TO ACTION ON FRACTIONAL AWARENESS
A breakfast briefing organised by OPP on the second trade day of the Property Investor Show and OPPLive, designed to address the issue of fractional awareness, brought together some of the industry’s major influencers to decide on a course of immediate action.
This included Xavier Wiggins, CEO of the Richmond Green Group; Paul Owen, CEO of the.... |
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20/11/2009
PERSPECTIVE LAUNCHES FRACTIONAL FORUM
Perspective magazine is to hold an industry summit on the effects of the economic downturn on shared ownership.
The FORUM, co-hosted by leisure real estate consultancy Generator Systems, will bring together fractional professionals for panel discussions on the successes and failures of companies in the recession.
Spanning all aspects of the shared.... |
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20/11/2009
COULD BULGARIA BE THE LAUNCH PAD FOR RUSSIAN FRACTIONAL?
Bulgaria could be the testing ground destination to successfully introduce fractional ownership to the Russian buyer market, according to several industry observers.
Few fractional companies have so far begun operating in Bulgaria, but it attracted almost 300,000 Russian tourists last year, according to the Bulgarian National Statistics Institute,.... |
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20/11/2009
FRACTIONAL DEVELOPER SELLS OUT TO TIMESHARE CLIENTS
Vacation ownership developer Seasons Holidays has sold all units in its first fractional resort in Spain to existing timeshare clients.
The 43 apartments in Forest Hills in the Sierra de Ronda mountains were sold as eighth fractions costing between £28,000 and £40,000, within eight months of the resort being refurbished and upgraded from.... |
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20/11/2009
IFA HOTELS & RESORTS BUILDS ON FRACTIONAL DEMAND
Dubai-based developer IFA Hotels & Resorts is continuing to expand its private residence club offerings around the world as it experiences sustained demand for the model.
IFA HR is planning to launch two private residence clubs in Dubai , and another in South Africa over the next year, as well as condo hotel units in both countries and a.... |
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03/03/2006
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