Hartlepool, United Kingdom (PressExposure) July 17, 2009 -- The current financial turmoil of the overseas property market has been fairly evident in the downturn of overseas property sales of late.
This resulting downturn has forced property developers to look at other ways and methods of selling their properties including fractional ownership.
Commenting on the subject Les Calvert of the Property-Abroad.com group said,
"the growing market of fractional ownership should not be confused or even compared to timeshare, fractional ownership is fast becoming popular with overseas buyers who are looking to share the risk and cost of owning an overseas property".
Fractional Ownership is different to Timeshare in that you actually own part of the deeds of the property and not just an allotted time period. In addition the resale value of fractional properties will grow with the value of of the property whereas timeshares tend to decrease.
Fractional properties can be split anyway to suit buyers who very often are a group of family, friends or indeed investors.
Prices for fractional ownership can vary depending on the development and the number of fractional buyers.