Timeshare Market Status

A Current Look on Timeshare Market Status

The current state of timeshares on the market shows a declining number of residential sales, apart from the condos. Its sales drastically suffered during the recession. The timeshare resale market is not doing good, as well. The prices of timeshares on resale continued to plunge even up to 100 percent. And the worst part is, they still do not have buyers. That was how Alex Finkelstein, a Real Estate Channel journalist, pictured out the timeshare industry.

With that, Finkelstein believes that a timeshare property is not a real estate investment. He did not specifically mention that owners of timeshares should get rid of their properties but he pointed out that those who are considering buying timeshares should not do so to be able to invest. According to him, timeshare is a lifestyle, not an investment.

Timeshare as a Lifestyle Choice

What Finkelstein said is true. It is not an investment but a lifestyle choice. It may involve properties that are real estate in nature but the way that the business is being run is far from the way real estate work. It is a lifestyle because it is a holiday package. You only get to own it because of the number of days that you can use the properties freely. And to be able to do so, you pay maintenance fees and other associated fees that the company may require you to pay. And the economy may rise up again but the status of timeshares will continue to be the same. So, timeshare owners and those who want to buy timeshares should not consider the purchase as a financial investment, besides, it is difficult to get rid of timeshares.