These are 2 different things.
Timeshare is just a membership you use to go back to same place every year on your week or points and if you are lucky you can exchange to another place at another time. Points are a bit more flexible but are expensive in maintenance fees.
Real estate periods offer the option to rent and get a good income. It’s a bit like condo hotel but much less expensive and more flexible and you can travel anywhere.
Yes we can have holidays at the same time that we are getting rent. We can holiday in lots of different places for small booking fees or access a private travel agency to go anywhere else at good prices. I had timeshare for years and changed to real estate periods 5 years ago. A whole different world…
Thanks for the info =)
Anne I just read your post and it comes at the right moment! I would like to get rid of my old timeshare as it became too costly. How did you do to change to real estate periods?
I see where you come from. I actually traded in the 2 weeks in Paradise Club that I had in Tenerife. It was a good option as it cost us less money.
Really? Where did you do that?
In Marbella back in 2013. If you are interested you can look at this thread: https://www.investorsworld.co.uk/real-estate/info-about-real-estate-periods/. I bought with global great hotels as well. Check them out https://www.globalgreathotels.co.uk/
Good to know! My membership is in Gran Canaria so I guess it could work for me too. I’ve sent them an email, we‘ll see what happens next.
I wondered if anyone had any advice: I emailed my timeshare company in Gran Canaria and they said I would not be able to give it back but that they could put it up for sale for me they have just emailed me now and said that there iss a buyer but its a lot less than what I paid for it 10 years ago
Two things actually I would say are that I didn't deal with my old timeshare company, my new company did it for me and I got a really good deal when I joined Global Great Hotels and no hassle at all definitiely recommend.
Really? You got good money?
More than happy. But to be fair I don't think they are worth a great deal so if you have the chance of getting any money for it you'll be lucky. I wanted to stay in the holiday system so I joined GGH but it depends what you want to do.