Timeshare in Spain collapsing?

Well, if you go by these reports:

From inewswire:

A new court ruling in a Spanish court against one of the largest timeshare developers in Spain for timeshare miss-selling has now started an avalanche of new claims for timeshare compensation, industry experts believe that a meltdown will commence.

From PRfire:

In a new court ruling by a Magistrate in Gran Canaria against Anfi Del Mar, the timeshare industry in Europe is set for up to 400,000 new timeshare compensation claims worth an estimated 2 Billion Euro.

Timeshare Industry in Spain Set To collapse.

In the article ‘RDO rebuffs collapse claims for Spanish timeshare’,  a statement posted online by Claims Directive, the industry body said:

“The timeshare industry both in Spain, the rest of Europe and USA as well as other international territories is extremely robust.”

Source: RCIVentures.com