In the current economic climate, how is fractional ownership beneficial to buyers?
This climate is ideal for vacationers looking for their second (or third) vacation home. This is coupled with the ‘green’ movement, where saving is sensible. Fractional ownership offers the best of whole ownership, without the hassles that come with whole ownership (paying for something 365 days/year and only using four weeks yearly, for example). The annual taxes, insurance, utilities and maintenance are hard to justify in todays economic situation. Fractional owners only pay for the time they use. Furthermore, with fractional ownership through Paris Residence Club, for example, thirteen families own one residence, as opposed to thirteen separate residences being utilized only 4 weeks out of 52. It just does not make any financial sense. Not only is it more cost-effective, it also cuts down unnecessary building waste. Q: If someone can afford to buy a property with cash, is there any reason why they should partake in fractional ownership? A: I believe that for the reasons mentioned in
