Fractional Ownership Gaining Popularity in the UK
2010-03-05 22:08:12 by
In a recent post on the MoveChannel, Fractional Ownership is forecast to be very successful in Britain.
In fractional ownership, you purchase a resaleable asset, a share in the total physical property, with a not unreasonable hope to make a profit. They quote Robin Barrasford, Managing Director of Barrasford and Bird Worldwide: "'When you purchase a holiday home in the UK, you not only become accountable for the purchase price of the property, but you also take on the ongoing financial commitment of funding all insurance, repairs, maintenance and service to your second home for the remainder of ownership. A high price to pay you might think, for what is likely to amount to just a couple of weeks' usage of your property each year.
"'Finally, it seems, a realistic opportunity to purchase UK-based holiday homes has arisen at a reasonable cost and without the hassle. Fractional ownership may well be the perfect solution for the thousands of Britons at home and abroad who have been searching for their ideal holiday property here in the UK, without any of the hassle of whole home ownership and without damaging the world's environment.'"
Fractional Ownership developments are underway throughout the United States and Canada. With good press like this, the Brits will probably take a good look at this type of investment.
In fractional ownership, you purchase a resaleable asset, a share in the total physical property, with a not unreasonable hope to make a profit. They quote Robin Barrasford, Managing Director of Barrasford and Bird Worldwide: "'When you purchase a holiday home in the UK, you not only become accountable for the purchase price of the property, but you also take on the ongoing financial commitment of funding all insurance, repairs, maintenance and service to your second home for the remainder of ownership. A high price to pay you might think, for what is likely to amount to just a couple of weeks' usage of your property each year.
"'Finally, it seems, a realistic opportunity to purchase UK-based holiday homes has arisen at a reasonable cost and without the hassle. Fractional ownership may well be the perfect solution for the thousands of Britons at home and abroad who have been searching for their ideal holiday property here in the UK, without any of the hassle of whole home ownership and without damaging the world's environment.'"
Fractional Ownership developments are underway throughout the United States and Canada. With good press like this, the Brits will probably take a good look at this type of investment.
