Christophe Harbour Introduces New Fractional Product

Christophe Harbour, St. Kitts

By most measures, the overall U.S. real estate market is clearly rebounding from its recessionary lows of 2007-08. One aspect of the market still trying to regain its firm footing, however, is the upscale fractional real estate market.

Earlier this year, fractional resort consultant Richard Ragatz of Ragatz Associates reported said North American fractional real estate developments increased sales 4 percent in 2011 to $552 million from $530 million the previous year.  The positive news was part of Ragatz's annual state of the industry report shared at the firm's annual Ragatz Fractional & Resort Real Estate Conference held in Arizona.

At the  time, Ragatz said: "While this (2011 sales) increase is nominal, we also learned that a significant number of developers said that sales were better during the second half of 2011 than in the first half, giving the impression that the bleeding has finally stopped and that we may be turning the corner."

Ragatz is expected to have an industry update next week when he speaks at Interval International's annual Vacation Ownership Investment Conference in Orlando. In the meantime, one organization that remains bullish on the concept of luxury fractional real estate is Kiawah Development Partners.

That partly explains why Kiawah Partners' newest multi-billion master-planned resort-style community in St. Kitts, Christophe Harbour, just announced a fractional real estate component called Windswept Residence Club. The new club homes, located in Bassetterre, St. Kitts, is a collection of nine newly developed turnkey villas, three of which are now available for fractional ownership purchase.

Perhaps the most notable feature of these latest additions to Christophe Harbour's real estate offering on the southeastern peninsula of St. Kitts is the eligibility for citizenship which is included with the purchase of a Windswept Residence Club membership.

Located within the exclusive enclave of Sandy Bank Bay, each private Windswept residence has been designed for maximum enjoyment of harbor and ocean views. In addition to St. Kitts citizenship, purchasing a fractional interest of these villas offers spacious indoor and outdoor living areas, as well as concierge, maintenance and housekeeping services and property management provided by Christophe Harbour.