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ARTICLE · 26 MARCH 2018

How To Successfully Dispose Of An Unwanted Spanish Timeshare

The term "timeshare", as most people know, refers to the commercial practice where several individuals hold full ownership rights over the same property, which is enjoyed by each one in turn...

SpainReal Estate and Construction

The term "timeshare", as most people know, refers to the commercial practice where several individuals hold full ownership rights over the same property, which is enjoyed by each one in turn, for a limited time-window every year.

The real estate timeshare is governed by a particular type of contract which allows a buyer to purchase a time-slot whereby he or she has the exclusive right to access and use the property each year for the designated period of time each year allocated to the purchaser. This right is usually perpetual and can be bequeathed and transferred to any heirs.

Within the Spanish real estate market, especially in the 80s and 90s, many European citizens, especially British, bought timeshare properties in Spain, often by the seaside in mountainous areas such as the beautiful "Costa del Sol" or the enchanting "Sierra Nevada". Today, after having benefited and enjoyed of the property for many years, many British owners now, in the light of Brexit and

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