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Warning on time shares.

CONSUMERS have been urged to be cautious when buying a part-share in a holiday property.

The National Association of Estate Agents International said some time share schemes were being "dressed up" as fractional (or part) ownership ones.

But it warned that unlike fractional ownership, under which people buy a percentage share of a property, time share schemes only enable people to use a property for an allotted period each year, with no claim to ownership.

NAEA International warned that as fractional ownership schemes had grown in popularity, many time shares had rebranded as fractional ownership ones in a bid to compete.
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Publication:Huddersfield Daily Examiner (Huddersfield, England)
Date:Jul 15, 2009
Words:101
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