What is timeshare and has it changed?
Over six million people own timeshares worldwide. Buying into a timeshare scheme allows you the right to a particular property for a predetermined number of weeks each year. Depending on the scheme, you will either own these rights for a set number of years or in perpetuity. This differs from shared ownership A wave of scandals in the 1980s and 1990s rocked the timeshare industry. Unscrupulous agents in the UK and Spain made promises of luxury villas, rock-bottom prices and incentives which bore no resemblance to reality. Since then new legislation has been introduced which forced companies to act in a transparent manner and protect customers.
