Timeshare In Europe
For those who enjoy that special European vacation every year, a
timeshare in Europe is an excellent investment, and a great way
to guarantee that you will always have a comfortable place to
stay in the city of your choice. In the past, people who have
avoided getting a timeshare in Europe are now jumping on the
bandwagon because of new EU legislation that protects timeshare
buyers and more flexible ways of owning a timeshare slot.
Because of these changes, timeshare in Europe is growing in
popularity, among European holiday makers and abroad.
Since many travelers opted for hotels rather than timeshare in
Europe because they felt it restricted them to a certain city
are now investing in timeshare properties because of the
development of the timeshare "point" system. Instead of
purchasing a specific property, you buy a certain number of
timeshare points that will enable you to choose a timeshare
property for a certain date among up to 5,600 locations around
Europe. This will enable you to spend one summer in Italy, the
next summer in France etc...
If you would prefer to purchase a timeshare in Europe that is
focused on a specific property, you can use your time there,
rent it or sell it. Transferring timeshare property is not
difficult, but if you live outside Europe, it is best to find a
reliable agent who will take care of the negotiation and the
paperwork for you. The papers need to be sent to the buyer and
the seller, to the local authorities for approval, and finally,
to the company that oversees the timeshare property. Since this
process may take some time, ensure that you know well ahead of
time that you want to sell your timeshare property, so you don't
get stuck at the last moment.
A typical timeshare in Europe costs about 9,000 Euros. The price
might be more or less, depending on the location. It is possible
to find less expensive properties in areas that have fewer
tourists, and it is worth researching places that are quite
picturesque but are seldom traveled (some find out of the way
places more relaxing than tourist traps). When purchasing a
timeshare in Europe, the right frame of mind is to think of it
as an investment in great annual vacations and not to expect an
outstanding return on your investment. Since, to begin with, the
typical timeshare in Europe is already located in a popular area
where the demand is already high, it is not likely that it will
appreciate much in value.
There are several things to consider when purchasing a timeshare
in Europe:
* Location * Size * Amenities * Period of time * Annual charges
* Cost of getting there
All of these factors should be taken into account when choosing
your timeshare in Europe. If you can compromise on these issues,
you might be able to find a cheaper timeshare. On the other
hand, if certain things are important to you, it is worth
investing the extra money for the added convenience.
To prevent timeshare fraud, the EU has put in place new
regulations for purchasing a timeshare in Europe. This is
designed to protect the consumer and to give the buyer more
options when purchasing a timeshare. A buyer is given a "cooling
off" period between deciding to purchase the property and the
time the sale is final. This is usually around 10 days, and all
of the funds are held in deposit until this period is over.
During the cooling off period, the seller cannot have access to
the money. The contract must be written in the language of the
member state and the purchaser must receive all of the
information about his or her rights. These regulations make it
safer to buy a timeshare in Europe.