Timeshares – Dream holiday or money pit?
Modern timeshare has had various ownership structures each becoming more complex as time passes. Historically you could purchase a fixed week, which means that you own the right to use the timeshare during the same week each year. As time moved on you could purchase a floating week, which generally gave you the right to […]
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The Backward Evolution of Timeshare
When timeshare came about and during the heady days of the seventies and eighties it was a simple product. You purchased a fixed week at your favourite resort and in your favourite apartment or villa. You knew exactly where and when you were going every year and also for a very fair annual maintenance fee. […]
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Financial Conduct Authority Regulation, is it fair?
Recently we published an article on the subject of timeshare finance and what happens when it goes wrong. We admit we were critical of the “tiger without teeth” approach of the FCA; we were particularly concerned about contacts deemed illegal in Spain still being funded by regulated finance providers in the UK with what appears […]
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How Spain is killing the European timeshare industry
Much has been written on the subject of Spanish law 42/98 but little has been commented on the fallout from this seemingly simple piece of legislation. The law entered into statute on 5th January 1999 but for whatever reason the majority of the Spanish timeshare industry either didn’t understand or chose to ignore it, later […]
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Taking a look at the RDO media pack
The Resort Development Organisation (RDO) has recently updated its media pack so naturally we had to download a copy to see the all new version. After reading from top to bottom it was, as we could have predicted, not of any great interest. We feel that calling the document a “media pack” is a complete […]
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Is the Resort Development Organisation a spent force?
The Resort Development Organisation (RDO) features in numerous articles on this website, most of which are not very flattering, but can they really be the trade body they purport to be for the timeshare industry in Europe? Before we dig deeper we need to establish where the RDO fits into the timeshare jigsaw. The RDO […]
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The Resort Development Organisation (RDO) offers misinformation
Spanish law 42/98 had a massive impact on the timeshare industry in Spain and the islands. On 5th January 1999 this law was enacted which in a nutshell put into place a number of much tighter rules relating to the selling of timeshare and the associated contracts. Although a complex piece of legislation the main […]
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Anfi sales companies – Judge declares bankruptcy
Following on from our recent article relating to the court battle between the two Anfi shareholders Lopesan and Santana Carzola Group, the judge reviewing this case has endorsed expert reports submitted according to which the debt of two Anfi companies being Anfi Sales SL and Anfi Resorts SL amounted to €56.6 million in 2020, with […]
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Anfi – A serious boardroom feud
As most owners at Anfi will know Björn Lyng was the founder of the Anfi Group timeshare resorts situated in Gran Canaria, upon his demise the family sold their 50% stake in the company to IFA a subsidiary of Lopesan who run hotels in Spain, Dominican Republic, Germany and Austria. The amount realised from the […]
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Timeshare – Death and wills
Although a morbid subject, with the median age of UK timeshare owners approaching 60 years if you own timeshare it’s important that you understand what happens in the event of your demise. One often overlooked fact is that technically a timeshare is classified as an asset; although in most cases it has a zero value. […]
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