European fractional property consultancy The Best Group has reported a record month of sales for January 2010.

The company's clients completed £7 million worth of transactions during the month, the highest amount since Best Group's launch in 2006. The successful sales built on the firm's £2 million worth reported over the last two months of 2009.

Best Group’s business development director, Jeff Hankin, said he expected similar figures for February and that by March sales could be outstripping supply in some areas

To keep up with demand, the firm intends to launch three three new fractional products in the spring, located in Tuscany, Cyprus and Crete.

“What has made completions accelerate is a sense that properties could become more expensive in six months," Best Group CEO Brad Lincoln told OPP last month. “Part of the driver is people are seeing fractional finance coming through and are expecting prices to be driven up as the world comes out of the economic downturn.”