In the past, New York’s timeshare market might have seemed like it was declining, but it’s now coming back with a boom. This is all thanks to a couple of new, upscale developments that are geared to attract plenty of new visitors. Roughly more than 9.9 million families own timeshares, and New York is set to provide a significant boost to this figure. Let’s explore more details about the boost in the New York timeshare.
What’s New On the New York Timeshare Market Scene?
Typically, timeshare markets across the country thrive when the tourism market is thriving. That’s the time when Americans rack up a lot of miles traveling to and fro. Overall, all the vehicles in America collectively travel trillions of miles each month. This is great news for New York, whose timeshare market has been suffering from lockdown restrictions.
The City of New York has introduced a new construction tower at 12 E. 48th St., which is somewhere close to Madison Avenue and Fifth Avenue. In addition, the new construction tower has a sister building — the Quin by Hilton Club. The Quin now looks glitzy after a multi-million makeover that transformed it from an independently owned hotel into an attractive timeshare. Currently, the Quin is one of the most high-end timeshares in New York’s Market, with spacious penthouses and impressive outdoor terraces.
That’s not all New York City has to offer. Other areas like Rochester also contain some of the best timeshares on the market and have contributed to the boost in the market.
New York’s Timeshare Market Is Bigger and Better
New York has introduced some pretty impressive and upscale timeshares on the market. The aim is to revamp the old timeshare model. For most people all over the world, there’s no better investment than having your own affordable launchpad in the heart of New York. If you’re looking for a timeshare in friendly and welcoming areas, then you’ll do well to invest in a timeshare in places like Rochester, New York. Overall, if you want to travel and plan to stay in New York regularly, then you can’t go wrong by buying your own slice of property in New York.
Timeshares are generally preferable compared to other accommodation options. To begin with, when you invest in a timeshare, you always know what your digs will look like when you jet in for a stay. What’s more, you can have a leisurely stay because the upkeep of the accommodation is all taken care of. You don’t have to worry about cleaning up or changing the sheets on the bed. All you have to do is pitch up when it’s time and have your dream vacation. This explains why the timeshares in New York are sometimes referred to as vacation timeshares instead of real estate timeshares.
What Are the Advantages of Owning a Timeshare in New York?
Generally, there’s been a trend towards homeownership across the country. Based on statistics from the US Census Bureau, roughly 65% of Americans below the age of 35 are currently renting, with an expected boost in growth which makes BTR a booming industry for a large millennial population in the long term.
Similarly, the New York Timeshare Industry is booming whether you’re looking at timeshares in Rochester or other areas of the City. That means that the cost per square foot of owning your own slice of property in New York is increasing. Now is the best time to own a timeshare in New York while the cost barrier is still relatively low.
For most people, high-end timeshares like the Quin are the stuff dream vacations are made of. Timeshares are no longer synonymous with vacations close to the beach anymore. To conclude, if you’re looking to be a part-time resident of New York at a relatively affordable cost, why not consider being part of the boom in the timeshare market?
