| Developers Reconsider Fractional Ownership |
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| Written by FracReporter | |||
| Thursday, 26 March 2009 13:57 | |||
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The International Herald Tribune has an article covering the global rise in fractionals, as developers look at alternative structures for selling real estate.
With real estate sale stalled in most countries and with large amounts of inventory sitting on the books, fractional strcutures are seen as one answer for getting the market moving again. The article quotes Richard Jackson, regional sales manager for Taylor Woodrow de España, one company moving aggressively into the fractional arena ‘‘Everybody has to look at alternatives,’’ he said, as his company plans fractional projects across Spain The article also notes "Fractionals offer several advantages to developers, including the ability to increase revenue because the value of shares usually adds up to more than the sale price." This fractional premium has been discussed and covered in the fractional forums. ‘‘The reality is that the property market in Europe is awful, and developers have got to look for a selling option rather than just selling a property outright,’’ said Les Milton of Fractional Ownership Consultancy.
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