Fractional ownership of property - a new concept that emerges from the recession

An alternative to a wholly owned second home

Innovative solutions to the recession can include fractional ownership of property - typically a second home, where the total cost is borne by multiple parties, so reducing the capital and yearly load on an individual.

This ensures that the person who has the money and the inclination to spend on leisure time pursuits does not need to think about too many repercussions.

RCI, the resort affiliation group who deal in timeshare holidays, have gone one step further into this market where they will help in negotiating and making the most of a timeshare home, a deeded property.

According to Radhika Shastry, Managing Director, Group RCI, India, "Shared ownership offers considerable potential for developers, operators and financial institutions. These models offer increased resilience during fluctuating market conditions.

In response to a desire for a high quality alternative to a wholly owned second home, without the associated costs, hassles and responsibilities, sales of fractional homes have demonstrated a market with considerable untapped demand in India.

In the US and Europe this concept has caught on big time, with people exchanging their own fractional home for fractionally held homes in other countries - which is where we come in"
To read more, please, visit - Times Property

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