Fractional Ownership News

New Mexico private residence club offers finance

The developer of The Residence Club at El Corazon de Santa Fe has introduced financing for potential buyers at the New mexico fractional ownership development where 1/8th shares in fully furnished, two-bedroom residences start at $130,000.

“We understand that times are tough for most everyone, but we know there remains a strong desire to have a vacation home in the downtown area where new development is highly limited,” said Rob Harper, development manager for the private residence club. “Our seller financing programme was created with the goal of allowing potential buyers to realize their dream of owning affordable, luxurious real estate in Santa Fe.”

There is renewed optimism in the local real estate market as a result of a recent home price forecast by Moody’s Economy.com. Researchers predict Santa Fe’s real estate market will grow at an annual rate of 3.6 per cent over the next decade, placing the city among the top 10 housing markets in the U.S. during this period.

“The Santa Fe real estate market remains relatively stable and a great value,” said Harper. “The city didn’t experience the sharp price speculation that other areas did a few years ago, so it didn’t share the recent, dramatic decline in home values.” He adds, “Santa Fe’s dynamic and unique cultural offerings, coupled with beautiful scenery and great quality of life, will continue to sustain its largely tourism-driven economy.”

www.elcorazondesantafe.com

Don't forget to book your tickets for Fractional Summit 2010, Europe's largest business-to-business shared ownership conference, taking place in London on February 18 and 19.

25/01/10

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