Timeshare woes in Spain

A report from Timeshares Daily:

Based on timeshare contracts displayed by the Claims Directive, many timeshare developers are still accepting illegal deposits from prospective buyers, which goes against laws set by the European timeshare directive.

The banning of timeshare deposit was implemented in 1994 under the timeshare directive. However, most European countries did not adopt the directive until years later.

Numerous timeshare developers did not return initial payment deposits, even though prospective buyers had cancelled within the allotted cooling off period. In Spain, the acceptance of these deposits is illegal.

However, scammers have come up with new ways to work around the directive,

In the last three months, Claims Directive has processed several illegal selling claims on timeshare purchases in Spain, Tenerife, Fuerteventura, Lanzarote, Mallorca, Menorca and Ibiza