Can Egypt Property Developers Recover With A Fraction Of Foresight?
December 18, 2009 by Perspective Magazine | Timeshare & Fractional ReviewsIf the world property market could be considered a heart and was connected to a hospital EKG machine, most doctors would declare that the market has flat lined. This is where the experts rush the patient to emergency procedure of cardio resuscitation sending thousands of volts through paddles in an attempt to restart the heart.
In today’s market place, many methods are being used in an attempt to restart the heartbeat of the market.
Investors are now offered in some markets, record low mortgage rates, while in others not equipped to offer these advantages are offering deep discounts. All of this is as best , entertaining for a seasoned investor who often takes a wait and see attitude and position.
However, in the a little known region to most of the world, but a more popular area to residents in the middle east, Sharm el Sheikh, a peninsula on the famous red sea, has created a little oasis that has more than a full pulse beating for it.
For starters the area has grown over a hundred percent in the last 4 years alone, stunning the conservative onlooker as to how they do it.
The sheer scale and size of the resorts and real estate projects in Sharm is also staggering, and prices continue to rise, while remaining friendly according to European valuations.
The area boasts several casinos, famous branded resorts such as Four Seasons, Marriott, and others have long since planted their flagship properties in this “Little Vegas” of the middle east. It has a reputation for some of the best diving in the world, with crystal clear blue seas covering majestic and rich corals.
A drive through this paradise area of Egypt will confirm that, due to its ideal climate and attractive nature, it attracts a full cosmopolitan assortment of tourists and investors from everywhere in the hemisphere.
World Class Group, a PR communications company that focuses its real estate consultancy on solutions for developers and investors, sees the perfect destination for the next wave of real estate success, fractional ownership in Sharm El Sheikh.
In the past, developers have been reluctant to look at this new real esate model as sales were brisk worldwide and overseas investors were able to secure finance as easily as collecting sand from the desert.
Today, however, this has hindered many investors, prompting many developers to offer modestly attractive in house finance.
Fractional Ownership, or what World Class CEO, Michael J. Tolan refers to as, property partnership, allows the average investor the opportunity to become a partner in an apartment or villa, and have not only usage for one month per year, but a potential investment strategy at a low entry fee.
“This is no invitation to sell distressed stock than otherwise has no value to consumers, as many successful fractional projects are high end up market investment properties” said Tolan.
Tolan believes that areas such as Sharm El Sheikh, Dubai and even nearby neighboring Lebanon, will become the trendy destinations to own a piece of the seashore without paying the earth, through fractional ownership. This is lifestyle product of real estate with the marriage of hospitality” he added.
“The potential is huge for investors and developers to embrace this next wave of real estate success, Fractional Ownership, which allows virtually everyone to own their part of a dream.” said Tolan.
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