Nicosia, Cyprus
The global economic meltdown which has been a catalyst for scores of banks and blue chip companies to plummet in value or actually fail has hit the real estate markets around the world head on.
Properties values in most major markets have witnessed huge percentages wiped off the previous market values and has left many developers holding a bag of heavy bricks, due to the lack of consumer demand and absence of readily available financing.
There is an old saying the ‘necessity is the mother of invention’, as many believe that the current situation in world markets has driven a demand to discover new alternatives and new models.
One such model which has become the new buzz word among property professionals around the world is fractional ownership, an alternative to traditional ownership, popular for the past 10 years in the USA.
Fractional Property Ownership provides a unique investment opportunity for the consumer by offering the purchaser a percentage of ownership in a luxury residence with real equity.
There are products on the market today in the UK, France, Greece, Italy, and Dubai.
However, the fastest growing region today seems to be in Thailand, where the concept is now in full bloom, putting smiles back on the faces of many developers and consumers.
As a result, the world’s experts are gathering in a forum in Phuket in October, creating a virtual university of fractional ownership, through a series of workshops over the three day conference.
Developers from the UK, Italy, France, Canary Islands, Cyprus, Dubai, Bali will have the opportunity to be updated on this latest phenomenon of real estate success during the conference with successful industry leaders from around the globe.
The Registry Collection, a unique luxury service provider for prestigious developers is one of the main sponsors, along with Absolute Resorts, the leader of Alternative ownership in the Asia-Pacific markets.
Delegates will have the opportunity to immerse themselves into the actual experience that their future customers will enjoy as they will live on campus at a functioning fractional high end luxury resort while attending accelerated learning courses throughout the day.
WorldClass-Uae.com, a PR and communications company based in the Middle East, will be leading a trade delegation of developers to the conference from Egypt, Cyprus, Lebanon, Dubai and the region.
“We are delighted to have the opportunity pollinate the knowledge base of our developer clients” said Bassam Nakad, Vice President of the group based in Dubai. “This is forum not to be missed by serious players around the world” he added.
Markets such as Cyprus and Dubai will benefit through attendance by discovering the proper integration of the high standards required to create a fractional programme in order to offer real values to their clients” he said.
The delegation will arrive in Phuket on the 10th of October, and will return on the 14th of October after having completed a total orientation of all legal systems, management protocols and sales and marketing workshops.
The deadline for joining the delegation is September 28.
