AN ENGLISHMAN’S FRACTIONAL HOME IS HIS CASTLE

(PRLEAP.COM) Affordable Millionaire reports that UK trends are following the US Fractional Ownership market now worth $1.62 billion, but with one exception; in the field of private properties as opposed to complex, or condo style resorts.

Karen Kennaby, owner and founder of Affordable Millionaire, the UK’s leading fractional ownership specialist says, “The adage, “An Englishman’s home is his castle” is more apparent in the ever growing UK fractional arena (both domestic and international) than in the US market which is dominated by condos, complexes and private residence clubs. English buyers, at this moment in time, are more interested in private homes or apartments than resort style complexes, and they can’t seem to get enough of them. Though our portfolio has a mix of resort complexes and private homes, we foresee the demand for private residences becoming the strongest part of our core business”.

Karen drew her conclusions from her own business, in comparison to the recently published 2007 Annual Fractional Interest Report (8th Edition) created by North Course Leisure Real Estate Consultants. The report is considered the most authoritative on the US fractional ownership market and a barometer for emerging trends.

(A copy of this report can be downloaded from our web site at the following URL: http://www.affordablemillionaire.com/html/benefits.htm and click on link for download at the bottom of the page).

Karen concludes, “The top 7 attributes shown in this report (on page 30) for the fractional market reflect similar trends in the UK; however, we define these in a different order of importance to UK customers:

1. Location
2. Private Residence
3. Ability to access high end property
4. Appreciation of property value
5. Access to Beach
6. Quality Fixtures & Fittings
7. Access to Pool

I predict that Fractional Ownership will see massive growth in all sectors, Condos, Private Residence Clubs, complexes and individual properties, especially as developers are catching onto the “Fractional” method, we will no doubt see an incredible surge in these over the next 5 years”.

www.affordablemillionaire.com
info@affordablemillionaire.com

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