August 15th, 2007
On behalf of our client: Affordable Millionaire, Birmingham - Specialist in Fractional Property Ownership
10 years ago no one had heard of Fractional Ownership in the US. In 2006 this type of deeded property investment grew by 32% over 2005 to sales of $1.5 billion*. Furthermore, in locations such as Aspen, Colorado (A mountain ski resort where Fractional Ownership began) the capital appreciation for Fractionals is higher than fully owned property.
Will the UK follow the same path? Our indications from our clients and enquirers confirm that this method of shared ownership will see the demise of the “timeshare” market, as savvy buyers would rather have a deeded share investment in bricks and mortar rather than in time.
With increasing interest rates challenging disposable income and lending, Fractional or Shared Ownership offers the ability to share ownership and maintenance costs of a property that would have possibly been out of our financial reach.
Affordable Millionaire clients can enjoy a share of a luxury property and just pay for a single fraction, or multiple fractions for longer stays. As the average time spent in a second home is around 17 days, Fractional Ownership becomes a very viable and attractive option.
Clients can create international property portfolios: a home on the beach, one on the ski slopes and another in a favourite shopping city.
Our international property portfolio starts at £7000 for 4 weeks in Dubai, £9,999 for 2 weeks in South Africa, £12,000 for 4 weeks in Buenos Aires, and £25,000 for 4 weeks in Estepona, Spain.
Affordable Millionaire is exhibiting at the UK’s first Fractional Life Ownership Expo in the Broadgate Centre, London City, EC2, 20-22 August 2007. The Expo will feature property as well as the fractional ownership of planes, yachts and classic cars.
More details can be found at www.affordablemillionaire.com or by calling Robert Ward, Objective Marketing Limited on 0208 523 2028 or 07793 562103 – email: email@example.com.
Available for Interview or comment: Karen Kennaby – Founder of Affordable Millionaire
John Ahern – Sales Manager, Affordable Millionaire and former UK Sales Manager, Marriott Timeshare Vacation Club. Please arrange through Objective Marketing Office.
*Source - 8th Annual Fractional Interest Report from North Course SM Leisure Real Estate Solutions – an investment and property consultancy
15th August 2008
Entry Filed under: Press Release