US fractional ownership market 'to recover faster than whole ownership'

The fractional ownership property market in the US is on course to recover more quickly than the whole ownership sector, it has been revealed.

According to research carried out by Ragatz Associates shared ownership investments are becoming a more attractive prospect than purchasing a second home outright.

This assertion appears to be borne out by other industry figures in the US.

President and chief executive officer of Private Residence Resorts in Seattle Michael Burns commented: "We anticipate shared ownership to experience significant growth as the national economy recovers."

Mr Burns added that buyers' ability to exchange their timeslot for other properties elsewhere in the world will help the fractional ownership sector move forward.

Affordability and flexibility were cited among the key factors driving the popularity of such properties by the Ragatz Associates report.

Earlier this month, Perspective Magazine announced the dates for the next timeshare and fractional industry expo. The event will be held between January 31st and February 2nd 2012 at the Ritz Carlton Cancun hotel in Mexico.
 

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