Moncasa Caribbean Experience's President John Collins emphasized "mid to long term fundamentals of the leisure real estate market will remain strong" to a group of investors and Caribbean media representatives.
"The recent Harris/Decima study released at the end of September '08 clearly indicates the Canadian demand for second home lifestyle properties is there and is at the start of a 15 year purchase cycle, being fueled by boomers desire to reinvent their retirement lifestyle wants," Collins said on Sunday.
Harris/Decima recently released the results of a Canadian travel survey that stated that 14 percent of the study's respondents currently own recreational real estate and that 30 percent of the sample indicated that they are interested in purchasing a recreational property in the future.
As published in the article "How Destination Clubs Fare In A Slow Real Estate Market," many destination clubs can capitalize on decreased property costs to procure strong real estate to their portfolio of luxury vacation homes. Michael Crunkhorn, Moncasa Capital's Co-Founder said "We are now in a position to complete the second round of real estate acquisitions - with much better terms, due in part to the swoon in real estate prices across the region."
Moncasa Caribbean Experience plans to purchase 80 properties across 20 islands over the next five years. Moncasa has a limited number of founder memberships available to a small group of investors, family, and friends. Much like many new clubs, Moncasa is offering many founding member destination club benefits including a 100 percent refund policy and will act as an equity destination club.
If you don't know what a destination club is, learn more: What is a destination club?
Moncasa Caribbean Experience Maintains Strong Destination Club Outlook
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