Timeshare FAQ’s

• What are Timeshares?
• How much do they cost?
• What should I sell my timeshare for?
• What should I rent my timeshare for?

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.

How much do they cost?

The cost of Timeshares and Holiday clubs can vary massively.

From a marketeer:

Most Holiday Clubs sell in the region of £8,000 to £25,000 depending on the Club and how many points or weeks you purchase with them. A large amount of this money is profit to the marketeers.

Timeshare weeks which aren’t sold very often anymore as points which offer more flexibility have increasingly become more popular usually costing anything between £7,000 to £22,000. This is before loan interest is added on! Hence the need for a Hard Sale.

From a Resale Company:

£500 – £5000 usually providing it’s a legitimate transfer.

Maintenance:

Every year you have to pay a management/maintenance fee on your Timeshare or Points. The price of this varies between management companies and may increase annually.

What should I sell my timeshare for?

A lot of timeshare marketeers will pitch a Timeshare as a asset which will increase in value, unfortunately this is not the case. As a estimate you can expect to get between 10 – 40% of your original purchase price depending on what you own, how long the lease runs for, etc however we cannot guarantee this. If your not sure what to put your timeshare up for, contact us.

What should I rent my timeshare for?

As a guide we recommend looking at what similiar sized properties are going for in the area, you can usually expect a bit more than this because of the quality of timeshare resorts in comparison to normal Villa and Apartment rentals. If your uncertain and need help contact us.