In the West Indies, fractional ownership is now well established as the way to sell.
Barbados, St Lucia, St Barts, Nevis, Turks and Caicos, you name it, all these islands have fractional ownership developments springing up to the left , the right and the center.
Now Aruba and St Maartens are being spoken off in the international pres as the “hot” islands for the further development of fractional resort and second home properties. Hotels Magazine says that there are over 2,000 units already planned for Aruba! The other “hot spot” is St. Maarten with Pelican Bay Marina as a specific example of what is happening on St. Maarten. And, the fractional properties “market of tomorrow” is the Dominican Republic.
As Aruba is a Dutch colony, with a population speaking English Spanish and Dutch, the buyers there have mainly come from Europe, the preponderance from Britain.
St Maarten as a split island, half Dutch half French is also selling well to Europeans.
Both the islands also have another advantage - price. Land prices and hence property prices lag far behind their illustrious neighbours.
On one beachside fractional development on Aruba, 140,000 euros would buy you a four week share of a four bedroom villa including furniture pack. with a management and rental program for times when the owner can not make use of his fractional ownership villa.
