Fractional ownership set to boom

According to FractionalLife.com, fractional industry speakers at the recent OPPLive/Property Investor Show in London feel that fractional ownership is set to surge in popularity over the next several years.

Speaker Graeme Grant of consultancy Fractional World indicated that he has “no doubt that fractional ownership will outsell whole ownership” when it comes to vacation property ownership.

Nick Turner, VP business development, EMEA for exchange network The Registry Collection also supported the popularity of fractional ownership by stating “In five years time I can see fractional ownership outselling whole ownership by 10 to one.”

Andy Sirkin, a shared-ownership attorney based in San Francisco and Paris added: “In 10 years time, fractional ownership will be the default way to buy overseas property.”

Fractional ownership is an ownership model that just makes sense when it comes to owning a vacation home (or homes). Owning the time that you need as opposed to owning an entire vacation home is a concept that is growing in popularity worldwide.