Timeshare has come a long way...
… since its introduction in the 1960’s as an affordable way to have a stake in an overseas property. These days timeshare provides the ultimate flexibility for owners, with the best destinations and resorts in the UK, Europe and the world available to them.
When package holidays were in their infancy, the idea you could purchase a lifetime of holidays at today’s prices for a one-off payment was very compelling. For many, the reassurance and familiarity of visiting the same much-loved resort, at which high standards were maintained, staff treated you like old friends and your money was being used for your own future benefit was reason enough to purchase a timeshare.
Below – Hapimag Resort, Bodrum
Did you know?
Some 640,000* British residents currently own a timeshare. There were 151,329 timeshares sold in Europe in 2015* at an average price of £12,700 with 42% of buyers saying they would be likely to purchase another Timeshare.
*Source: Shared-Vacation Ownership Worldwide Report prepared by Oxford Economics and Leger for ARDA International Foundation, 2016
Life rarely stays the same for long and there are a number of reasons why people might wish to sell or be released from their timeshare and there are a number of ways to do this. If you own a timeshare at a resort that is a member of RDO you are entitled to simply hand your timeshare back to the resort (subject to certain criteria being met).
Read more about the options available such as resale and relinquishment in our section on How To Exit Your Timeshare.
Did you know?
The timeshare industry has a much higher level of regulation than freehold or leasehold property sales. Since the European directive of 2011, consumers are now offered enhanced levels of protection including a 14 day cooling off period and an absolute ban on upfront fees.