Saturday, December 8, 2012

Timeshare Industry On The Rebound

For the first time in three years according to the 12th annual Ragatz Associates “Shared Ownership Resort Real Estate Industry in North America” report. The report looked at 305 fractional ownership projects and private residence clubs and six destination clubs. A total of 98 of the properties made sales and overall sales reached $552 million last year, which is a 4.2 percent increase from the previous year. It’s important to note that the 207 properties that recorded no sales are older and sold out. Of the properties studied, 67 percent are in the United States, 17 percent in Canada, 8 percent in the Caribbean, and 8 percent in Mexico.

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