Next month’s Fractional Summit will be attended by a delegation of Middle Eastern developers keen to learn more about the fractional ownership property model.
Michael J. Tolan of World Class Group is bringing delegations from Dubai, Egypt, Lebanon and Cyprus to attend Europe’s largest fractional property business-to-business event to see how other successful developers have included a fractional component into to their overall real estate offering.
The conference will be powered by some of the world’s key experts on fractional real estate, and case studies will shared with the audience. Last year, over 200 attendees from 23 countries were on hand and this years conference promises to shine with success stories from Spain, Thailand, and many other resort destinations that typically sold whole ownership in the past.
Legal experts will also be hand to field questions as to how consumer protection and structures that provide integrity must be created to attract consumers to invest in this newest alternative in property ownership.
Tolan believes that once the educational process meets the mindsets of both consumers and developers, more home grown fractional developments will begin to spring up in a new frontier market, the backyard of property development locations. This will be possible when the developers understand that this type of product must be up market, seamless in usage plans and well managed. Companies such as the Registry Collection are leading the market of more stylish top end fractional developments by adding a portfolio of spectacular year round lifestyle benefits as icing on the cake.
World Class Group will be releasing a complimentary buyers introduction guide to fractional ownership at the close of the Fractional Summit conference, The Power of Property Partnerships, as a free download from their website.
“Fractional Ownership provides a perfect solution to consumers who desire to have a foothold in there ideal getaway destination, without having to foot the entire acquisition costs, as this is also shared by other partners who also share the usage of the asset” he said. “ Typically a consumer will acquire from 1/4 to 1/15 of the equity of the property, allowing them to use the holiday home only for the time they actually would need it, or have the added advantage of placing it into a rental revenue pool” he said. “ This asset sharing concept is simply where the smart money is moving” said Tolan.
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