Flexible Ownership

For those wishing to purchase a home at Golden Park purely for personal use or to make their own leasing arrangements, a generous 10% discount on every property is offered. Opting out of the rental programme means your Golden Park property will be presented without furnishings so you can create an interior design to your own specification.

A Flexible Ownership programme has been introduced at Golden Park to give buyers the opportunity to take joint or group ownership of a property without the hassle and cost often associated with owning a second home.

Research shows most owners of holiday homes overseas only use their property for a maximum of 40 nights per year.

Golden Park’s Flexible Ownership programme means that for an agreed period of time each year, the owners of a property are able to use the accommodation as and when they wish. Dependent on the allocation of time they want to use the property for, usually 12, 6 or 4 weeks - they pay a proportional fraction of the property’s price. Owners are free to use the residence during their allotted weeks, rent it out to 3rd parties or exchange weeks with each other. Any unused time is utilized for maintenance and a dedicated property management company supervises the entire process.

Once purchased, the property is yours forever and can be left to family members or sold. Should you decide to sell your share, you are entitled to take any profit accumulated through appreciation (currently at between 20-30% in the Red Sea Riviera). The purchase price ensures your property will be fully furnished, serviced and maintained on your behalf.

To discover more about the Golden Park Flexible Ownership programme, email us at sales@goldenparkegypt.com.