Timeshare Resolved

What are Timeshares?

Timeshare is a joint ownership or lease of a Holiday Property by many people who all live in the property for a fixed period of time. Timeshares aren’t usually deeded anymore and are rather membership to a “Holiday Club”.

Timeshare owners own a specific week during the year at the property they have bought into. The cost of one of these weeks varies massively. Usually summer time will cost a lot more than autumn and winter for obvious reasons.

When purchasing a Timeshare you could be purchasing anything from a Studio, Apartment or Villa. These resorts are usually of a high standard and are maintained by a Management Company who sells the time in weeks and charges annual maintenance to clean the property between visits and maintain surrounding areas etc.

This type of property is not a good property investment and consumers should not expect them to go up in value. Anyone considering a Timeshare should probably consider purchasing something up for resale at a much lower price.