Where did the concept of fractional ownership originate?
• The concept isn’t new, but the term “fractional ownership” is. Friends, relatives, and business partners have been pooling their resources to buy a second home for centuries. In the early 1990’s, fractional ownership of private jets became popular, followed by yachts, then luxury vacation homes. According to the National Association of Realtors, in 2004, “36% of all home sales were second homes purchased for either vacation use or investment”. Despite the current market slowdown, the interest and demand for fractional ownership is growing every year, as more and more consumers discover that they can have their proverbial dream vacation home, without all of the expense, hassle or guilt! Fractional Villas recognized the need for an exclusive vacation home, where a true sense of pride of ownership exists; and the benefits of making a wise purchase can be realized with an eighth-share fractional deeded ownership, instead of a club membership in an elusive complex, with ever changing prop
