Free to enter competition, win $10,000

June 30, 2008

What you need to do:

1. Visit the post on my hosted blog :- competition entry rules and qualifying question

Read the rules and qualifying question on the above post and reply to it (answering the question) to be entered into a free competition with the chance to win $10,000.

Don’t reply to this post (on wordpress.com)!

Neil


Fractional Ownership in Vancouver/Canada

June 13, 2008

A recent news article on Vancouver-targeted website vancouver.24hrs.ca gives fractional ownership a positive press.

See the full post here- Vancouver fractional ownership story

Neil

Fractional Ownership News


Fractional Ownership in London and South Africa

June 10, 2008

I have just added details of two very interesting fractional opportunities to ReachTogether.

London Fractions sources fractional property in some of London’s most sought after locations.

Zwahili Private Game reserve  offers the opportunity to purchase a fraction of a luxury lodge or boutique hotel from R 350,000.  With the current exchange rate of approximately R 15/£ or R 8 /USD this is a very attractive offer.

Neil

Fractional Ownership News


Fractional Ownership at Deep Creek Lake, Maryland

June 9, 2008

Second Homes at Deep Creek Lake offer fractional ownership units in a stunning location on Maryland’s largest freshwater lake.  Prices start from $259,000 for a 1/5 fraction.

See Deep Creek Lake for more information.

Neil

Fractional Ownership News


Ritz-Carlton Starts Work on Kauai Lagoons Fractional Development in Hawaii

June 9, 2008

Work started this week on Ritz Carlton’s Kauai Lagoons development which includes some fractional units.  Fractional prices will start from $300,000 and first occupancy is scheduled for late 2009.  Following text taken from developer’s website:

Over 520 acres of land on the ocean’s shore, minutes from the airport, walking distance to waterfront restaurants and Kalapaki Beach and the perfect location to launch an adventure to any corner of Kaua‘i. A Jack Nicklaus Signature Golf experience. A meandering 38-acre lagoon where one can in the same moment enjoy the sight of a classic Chris-Craft motorboat cruising and the landing of a flock of native waterfowl. Kaua‘i Lagoons is indeed “breathtaking.”

To own a Residence at the Kaua‘i Lagoons Resort is to embrace a rare opportunity to be a part of something very unique. The perfect setting to spend a week, a month, or a lifetime. A legacy.

Kaua‘i Lagoons will be a very special place to call home.”

See Ritz-Carlton or the original news story for more details.

Neil

Fractional Ownership News


Fractional Ownership Exit Strategies

June 6, 2008

When entering into any holiday ownership program it is important to know how (or whether!) you can get your money back.  In the case of fractional ownership the sales price of the fraction is underwritten (to an extent) by the real estate valuation.  The important thing to consider is how you might be able to realize this value if you need to.  Read the full article:

Fractional Ownership Exit Strategies

Neil


Island Fractional Homes Announces that TransPacific Mortgage Group Has Arranged Financing for Its Latest Hawaii Fractional Development

June 6, 2008

Island Fractional Homes announces that TransPacific Mortgage Group will provide fractional development financing for its new luxury fractional offering in Princeville, Kauai, and will also make available fractional ownership financing for its buyers.”In today’s challenging lending environment, finding a responsive mortgage broker who truly understands the Hawaii fractional real estate market is essential,” said Randall Harris, founder of Island Fractional Homes and Harris Fractional Consulting Group. “As a Hawaii-based fractional developer, I am very pleased to be working closely with TransPacific Mortgage Group as a source of financing for both our property acquisition/development and for our fractional buyers.”

See the full post here.

Financing arrangements are always important with fractionals, as this is one of the areas that has held back the growth of the fractional market. Need to watch this space to see how successful this is.

Neil

Fractional Ownership News


Fractional Ownership First in Fiji

June 5, 2008

A Fiji resort is the first in the country to offer freehold or fee simple fractional ownership” of its multi-million dollar villas, the on-line news service Fiji Live reports.

The six-month-old Taunovo Bay Resort & Spa Fiji is launching the “timeshare” concept in the country. Timeshare or fractional ownership is popular in the U.S., and has become a maintstay of the tourism industry in parts of Hawaii.

Investors will be offered a one-tenth freehold ownership of a Taunovo Bay villa, which is valued at NZ$340,000. The investment includes the land.

See Fiji fractional news item for more details.

Neil

Fractional Ownership News


Island Fractional Homes Offers Fractional Ownership in Kauai Villa

June 5, 2008

Island Fractional Homes announces the upcoming availability of its second luxury fractional property in the Princeville Resort’s gated Villas of Kamali’i on the Garden Isle’s North Shore.

Visit Island Fractional Homes for more information

Neil

Fractional Ownership News