Some timeshares and other holiday products work perfectly well. However, timeshares and especially holiday club memberships are sometimes marketed aggressively and in a misleading manner. Consumers have incurred huge financial losses from buying these kinds of products recklessly or under pressure.
Timeshares and holiday club memberships often cost thousands of euros. Once you sign the contract, you are obligated to make payments for years to come. In addition to these costs, you will also have to pay administrative charges and for your flights to and from the destination if your timeshare is abroad. This is why it is crucial that you find out as much as you can about the product, whether it is the right one for you and what you are committing yourself to before signing the contract.
You can avoid the most common pitfalls with the help of the European Consumer Centre’s checklist.
The travel section of our website also includes information about the statutory rights of timeshare buyers.