06/09/11

Experts predict there to be one million timeshare owners in the UK by 2014.

Due to the shortage of affordable second homes, along with tightened regulations, timeshare resale’s are witnessing increased popularity and those seeking cost-effective ways to own a second home, thus the prediction that there will be over a million timeshare owners by 2014.

Fuelling the biggest timeshare boom in 20 years is the rising costs of the UK’s coastal properties, which has led families to look to the overseas market for second home ownership. Meanwhile the number of timeshare holidaying Britons has risen by 25 per cent in the last 12 months alone – the biggest annual increase since their heyday in the late 80s.

Timeshare and fractional ownership properties enable typical consumers to sample the lifestyle of owning a second home at a fraction of the price. The likes of close European countries such as Italy are gaining increased popularly due to the regular flights by low cost carriers and the close proximity from the UK.

According to recent figures, more than half-a-million Britons already own a timeshare, 48% of whom are qualified professionals.