Fractional: New airport to spark boom in Florida fractionals?

The Panama City area of Florida has been highlighted as an area for huge growth as a real estate destination, largely thanks to work starting on a new airport there.

CNNmoney.com has named it as the best place to buy real estate in the US, while Stephen Cochrane, chief regional economist for Moody’s Economy, has predicted a 72% increase in real estate values over the next five years.

And the demand for Florida fractional real estate is set to soar in the region , according to developer Nathan Glick who is selling 1/7th and 1/12th shares at his Infinity Blu development.

“With a new airport, the opportunity for incredible economic development and real estate expansion is real,” says Glick. “There hasn’t been an airport built in the U.S. of this magnitude since Denver International and that was over 16 years ago. Do you know what that’s going to do to this area?”

“Over 90% of our reservations for Infinity Blu have been fractions. We have a huge advantage as compared to other resorts on the Emerald Coast, all because of our precedent setting fractional ownership. This concept allows consumers to enjoy the advantages of our amenity rich resort facility, in a suite of their choosing that they return to year after year.”

The company also says that agents are switching on to fractional in a big way. “Our precedent setting Real Estate Affiliate Program is exploding fractional sales,” says Adam C. Berkley, Glick’s affiliate manager. “Realtors are flocking to this concept from across the entire globe. We provide them their own Infinity Blu branded web sites, training on fractional real estate – it’s a win/win proposition. The clients of our affiliates might never otherwise have known about the market. There are so many positives about our program including the potential for price appreciation for the client and the opportunity for up to a 10% referral on our fractional product for the affiliate real estate agent.”

for Fractional Life

[fractionallife.com]

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