London, UK (PRWEB) March 1, 2008
Affordable Millionaire, the UK's leading fractional property ownership specialists is delighted to feature in the new Fractional Property Channel within online property portal giant, The Move Channel.
Properties added so far are in: Dubai, Colorado, Spain & Portugal
Karen Kennaby, founder of Affordable Millionaire commented, "This is great news and just confirms that companies like the Move Channel have confidence in this new market.
Last year there has been a tremendous increase of interest in, and availability of, fractional property ownership and this is certain to continue this year. This is very positive for this new market sector as fractional ownership is still somewhat an "emerging" market.
Unfortunately, but predictably, there are some players who are purely re-branding time-share as fractional ownership and the former does not take into account the key advantage of fractional ownership, i.e. deeded ownership of a share in a property.
Fractional Ownership is currently appealing to a slightly more sophisticated purchaser or investor who can quickly see both the leisure and capital growth potential, and we are starting to see this appeal broaden.
Locations that are appealing for fractional ownership are diverse from Argentina to Spain, with some purchasers looking for long haul destination properties they can use for one or two trips a year, and others looking much closer to home for more frequent use of a holiday home. Both options offer hassle free ownership.
I believe there will be an increase in properties that are traditionally popular with the UK market such as Spain and Portugal, and with new, but not emerging markets. Emerging markets do not provide a comfortable fit for Fractional Ownership, as by nature, they appeal to those looking for high and fast returns and this is not what Fractional Ownership is all about; it is primarily a leisure purchase but with the benefit of property ownership where there is an underlying potential for an increase in value".
Dan Johnson, Managing Director of The Move Channel said, "I am delighted to announce the opening of our new Fractional Property Ownership area within The Move Channel. This new and emerging sector of the industry has already taken off successfully in the US, and we see the same trends being echoed here in the UK. It provides an attractive alternative to second home ownership for many seeking their place in the sun! We are equally delighted to have the market leader in fractional or shared property ownership, Affordable Millionaire coming on board with us. We also plan moving the new Fractional Channel into a more prominent position on our site".
29th February 2008
Notes to Editors:
For further details please contact:
Karen Kennaby, Founder, Affordable Millionaire: 07725 747 594.
Dan Johnson, MD, The Move Channel: 0207 952 7659.
Alternatively: Objective Marketing & Public Relations, Robert Ward on 020 8523 2028.