The most up-to-date innovations in the next home industry will be the introduction and rapidly increasing popularity of luxury fractional property and the condominium hotel, two of the fastest growing segments of the real estate industry today. It has been noted that the luxury fractional or private residence club concept has become attractive because property values in popular resort areas has skyrocketed out of reach for all but the wealthiest buyers. Buyers benefit by owning a house in a luxury resort that they can use for themselves, and take advantage of the advanced level amenities.
