The Stellenbosch, Protea Hotel will be the setting for the Annual Fractional Ownership Conference scheduled for August 15, 2007. Hosted by fractionalownership.co.za, the event guarantees an educational evening for individuals who hope to capture a piece of this fast-rising business.
 
Fractional ownership has become big business in many parts of the world and is now planning to extend its reach to the South African market. Fractional ownership is similar to timeshares whereas investors purchase a percentage of the property and then are permitted to use a specific number of weeks of occupancy at the property. The concept was based upon the use of fractional ownership regarding jet purchases.
 
Fractional ownership offers all of the benefits, and prestige, of owning a "vacation" home while still remaining cost-effective to families who only vacation occasionally. Unlike timeshares, the fractional ownership provides almost all of the benefits of property ownership. Investors aren't being sold units of time; rather they are being sold shares in a property.
 
As the general public begins to understand the concept of fractional ownership more, the demand for the option grows. Developers are bringing entertainment and retail facilities close by fractional ownership properties and large corporations are finding fractional ownerships a viable incentive for employees.
 
The conference will focus on the details of the growing popularity of fractional ownership in Southern Africa. Topics to be covered include:
Trends and Performance in Southern Africa and Globally.
The reasons behind the interest developers have in mixed used developments.
Defining the sectors of the vacation ownership business
Regulations of the industry in South Africa.
Finance options & legal structures
Implications of tax for investors and companies.
Hospitality and ON-going investor management
Re-sale potential for fractional ownership
 
Seats are limited so interested individuals should book reservations soon.