By James Bryce
HUNDREDS of timeshare salesmen are back on the streets, putting both sellers and buyers at risk.
Holidaymakers are being warned to watch out for unscrupulous timeshare touts, both on the phone and in person.
In the past 12 months, organisation Timeshare Owners and Committees has seen a 180 per cent surge in complaints about law firms and a 67 per cent increase in complaints about resale companies.
Dubious law firms and resale companies are targeting sellers trying to get rid of thousands of timeshares they can no longer afford.
They claim they can recoup the initial investment or sell the property, in exchange for a large fee.
They are also giving the hard-sell to unsuspecting first-time buyers, often trying to offload unwanted timeshares onto them.
Timeshare became popular in the 90s when around 600,000 people paid an upfront fee plus annual charges to use a room or apartment for set weeks each year.
Many found themselves burdened with contracts they couldn’t get out of and spiralling maintenance costs which in some cases were as much as €2,000 a year.
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