Buying a second property may seem like a dream you once had  during these difficult financial times, however, Fractional Ownership is making these dreams a reality and the industry is going from strength to strength.

Worldwide, fractional ownership is worth around 1.2 billion sterling and, particularly in Europe, the number of fractional ownership projects has gone from 60 to more than 90 in the last year alone. It is being marketed as a fantastic opportunity to own a second home without the usual financial burdens.
Fractional ownership has increased in spite of the drop in the property markets worldwide. Developers are working hard to shift their properties and fractional ownership is an easy way to package a property sale. Piers Brown, spokesman for the Fractional and Shared Ownership Trade Association, says: “With the lack of finance available on whole ownership, the developers think that fractional is the answer to their prayers. It lowers the price point and opens up the marketplace.”

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