The New York Times says fractional home ownership is "a warm spot in a cooling (real estate) market." Using the Ritz-Carlton company as an example of companies shifting their business plans, The Times points out that "if they cannot make it one year, they may exchange their time for stays at one of Ritz’s three other fractional properties in places like Jupiter, Fla., or the Virgin Islands."
Neither of the St. John’s two big developments, Grande Bay and Sirenusa, are being offered as timeshares or fractionals. There are dozens of timeshares available at the Westin.
Timeshares are not common on the Greek islands, but they are popular.
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