This form of real estate ownership continues to be impacting all Caribbean real estate. 

What is becoming evident is that the Baby Boomer second home purchases are moving towards fractional, deeded ownership as opposed to full ownership of a second home or townhome. The realities of how the Baby Boomer customer is making real estate decisions regarding second and third homes has created a brand new focus of real estate development – not just in the Caribbean, but all over the U.S. and the world.

 

We now have fifteen marketing agreements with fractional ownership opportunities, in the

Caribbean alone!  They range in price from $145,000 to $600,000!  The ownership offered ranges from 21 days to 30 days.  With a deeded fractional ownership you own a tropical second home with typically eleven other people.  Your time schedule at your tropical home is arranged so all of the owners have prime time opportunities to visit the resort property.  You are also sharing in any rental income when you are not there and someone rents it from the management company.

When a fractional ownership is purchased through the Ritz Carlton, the Westin Resorts, Raffles Resorts, and other international 5-star resorts, you are able to follow the snow or the sun since the opportunities are all over the world.  The Ritz is currently the leader with the most fractional deeded options for consumers, however Weston Resorts is coming on strong.  The Ritz has fractional opportunities from Hawaii to the Caribbean, with Aspen, Colorado as part of the choices.  The Westin Resorts is currently only in Hawaii and the

Caribbean. However, they have BIG plans to add many more location options soon.  This has become one of the most profitable division of these companies.

 

One of the best bargains in the fractional deeded ownership opportunities is in the Dominican Republic – Jardine de Coson!  As I have mentioned in past writings the Dominican Republic has generally been ignored because of the misconception that they are just like Haiti.  Those with that opinion are dead wrong.  What a wonderful tropical experience is awaiting those who venture to the DR.

For more of the details of how fractional deeded ownership resort properties might be a part of your personal real estate portfolio, contact me.  It is a fascinating choice to consider.