The UK has the largest number of timeshare owners in the European Union (EU) and this summer many more will undoubtedly consider getting their own place in the sun.

Fiona Woolf, president of the Law Society, said: “Tourists buying a timeshare in Europe, which is covered by EU rules, need to know when they are protected but more importantly when they are not. It’s vital that consumers know what the law is and when to walk away from timeshare con-artists.”

The current review by the EU of its timeshare directive has highlighted some of the gaps that exist. Many new holiday products, like holiday clubs, are not covered by EU rules, so consumers really need to take care to avoid being ripped off. The Law Society is urging the European Commission to ensure that EU rules are changed to maximise consumer protection.

Holiday makers must take particular care if considering a timeshare-related product, for example, a holiday club or a re-sale or exchange scheme because these products are not covered by the current EU rules.

“If you are considering or are already involved in this type of agreement there are a few simple things which can help to reduce the risk. For example, check if the company is a member of a reputable trade organisation, get written proof of verbal promises and do not enter into an agreement for an unfinished property. Although you may not be protected by the EU timeshare rules, it is possible you may benefit from general law on contract or distance selling rules, so always contact a solicitor for more advice,” added Woolf.

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