The timeshare industry claims that over twenty million households own timeshare worldwide – many are well satisfied with their ownership.
Timeshare accommodation can be of a higher standard than hotel or rented accommodation. And most resorts have extensive leisure facilities (generally free to use). All timeshare is self catering. However, many complexes offer packages of half or full board for the holiday maker who want to fully relax.
Accommodation ranges from a modest studio (a single bedroom) to apartments and villas with three bedroom, three bathrooms, lounge, dining etc. with appointments to a very high standard.
Timeshare competes with package holidays (where buying timeshare offers higher standards of accommodation) and villa rental (where timeshare offers better long term value for money).
Timeshare comes in two basic forms:
- Fixed week. Where you own rights to a specific week, usually in a specific apartment/villa which you can either return to every year or swap through the exchange system for something similar in another part of the world and in another time period.
- Floating system. Instead of owning a specified week, you own a week (or a time period which may be longer than a week) within a seasonal band of time. Each year you have to book the specific week that you want – but this is “subject to availability”.
A major strength of buying timeshare is the certainty that it provides. Accommodation (and often leisure facilities) being held in trust (or registered in a public register) for the lifetime of the right to use. So, provided that you continue to pay the annual fees on time, you are reasonably certain of getting your holidays every year.
When you no longer require your ownership you can sell your timeshare on to someone else. Most owners use the exchange system which provides a large choice (nearly 6,000 resorts in all the popular destinations worldwide) to swap to – knowing that the place you are going to is of a similar standard to that which you own.
When buying timeshare you pay a once off payment for the right to use. Each year, a there is a also a maintenance fee which pays for the accommodation etc. to be kept clean, in good order, local taxes paid , insurance etc.
The advantages of buying a timeshare resale through Travel & Leisure Group are that you buy privately from existing owners and in many cases save well over 50% on the developers list price! Our dedicated staff have unrivalled experience in the buying timeshare resale sector and can help you buy timeshare at the right resort at the right price. Look out for our top ten bargains and featured property below for great deals.