Financial Times reports on fractional ownership: "Every bit as good"

26 December 2008


Ellen Kelleher, Financial Reporter at the Financial Times, has been looking at the benefits of fractional ownership in the current economic climate.

Kelleher comments, "If you would rather get some immediate enjoyment from your bonus, but can't afford a whole yacht or private jet, you could consider fractional ownership.

Two decades ago, property fractional ownership schemes - such as timeshare - had a sordid reputation. Buyers grew weary of the pushy developers in Spain and other holiday spots.

But the benefits of reputable fractional ownership schemes are becoming apparent. The popularity of some has increased as the recession prompts many to reconsider whether they should plough their bonus into a car or yacht, which is likely to depreciate and require substantial upkeep."

Kelleher's article focuses on luxuries, such as yachts and jets, but the principle applies to property too. With the economy tightening, many people will be looking to invest smaller amounts of money into second properties. Fractional ownership schemes are becoming more popular as they mean investors can still afford to own a holiday home without overstretching their budget.